Housing costs in Raleigh?
A typical home costs
$474,700, which is 40.4% more expensive than the national average of
$338,100 and 64.1% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,610 per month, which is 45.0% more than the national average of
$1,110 and 12.4% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27605), North Carolina, a minimum annual income of
$91,080 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27605 Raleigh, NC is relatively high, due to the fact that it is an urban area. The median home price for this zip code is $204,600, according to Zillow. Additionally, the monthly rent averages at around $1,100 per month, and groceries are priced slightly higher than the national average. Other costs such as utilities, transportation and health care are also higher than average. On the other hand, there is a wide variety of job opportunities available in this area for those looking to make a living in Raleigh. Overall, living in 27605 Raleigh can be expensive and one should plan accordingly when deciding whether or not to move here.