Housing costs in Raleigh?
A typical home costs
$405,700, which is 20.0% more expensive than the national average of
$338,100 and 40.2% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,410 per month, which is 27.0% more than the national average of
$1,110 and close to the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27606), North Carolina, a minimum annual income of
$77,760 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in Raleigh, NC 27606 is relatively reasonable compared to other parts of the country. Rent for a one-bedroom apartment in the city averages around $957, while two-bedrooms average about $1,150. Groceries and other goods are also moderately priced, with basic items such as milk averaging around $2.85 per gallon. Transportation costs are also lower than some cities with public buses offering fares as low as $2 per ride and monthly passes at just $50. Overall, living in this area is a fairly economical way to enjoy the many amenities of a major city without breaking the bank.