Housing costs in Raleigh?
A typical home costs
$507,400, which is 50.1% more expensive than the national average of
$338,100 and 75.4% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,370 per month, which is 23.4% more than the national average of
$1,110 and 2.9% cheaper than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27601), North Carolina, a minimum annual income of
$97,200 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27601 Raleigh, NC is fairly moderate compared to the national average. According to BestPlaces’s Cost of Living Index, the cost of groceries and transportation expenses are slightly lower than the national average, while healthcare and utilities costs are just slightly higher. The overall cost of living in 27601 Raleigh, NC is very reasonable for the relative size and strength of its economy. With a median home price around $250k, it's much more affordable than many other cities in North Carolina. Rent prices can range from $900 for a one bedroom apartment to upwards of $2,000 for a three bedroom depending on location and amenities. All things considered, the cost of living in 27601 Raleigh, NC is well worth it given all that this city has to offer.