Housing costs in Raleigh?
A typical home costs
$496,600, which is 46.9% more expensive than the national average of
$338,100 and 71.7% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,440 per month, which is 29.7% more than the national average of
$1,110 and 2.1% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27609), North Carolina, a minimum annual income of
$95,040 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27609 Raleigh, NC is generally considered to be above the national average. Housing costs, especially rent, are among the highest in the area - the average annual rent for a one-bedroom apartment is over $1,000 more than the national average. Groceries and utilities also tend to be higher than average. Transportation costs are relatively low as there are several options available including public transportation and ride sharing services. All in all, the cost of living in 27609 Raleigh, NC can be quite expensive but with careful planning and budgeting it is possible to make ends meet.