Housing costs in Raleigh?
A typical home costs
$586,400, which is 73.4% more expensive than the national average of
$338,100 and 102.7% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,450 per month, which is 30.6% more than the national average of
$1,110 and 2.8% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27607), North Carolina, a minimum annual income of
$112,320 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27607 Raleigh, NC is quite reasonable. According to BestPlaces, the average monthly rent for a one-bedroom apartment in the city is $1,101, while groceries and restaurant meals are both slightly cheaper than the U.S. average. Utilities such as electricity, water, and gas also tend to be lower than average. Overall, 27607 Raleigh offers good value for money when it comes to cost of living expenses.