Housing costs in Raleigh?
A typical home costs
$525,100, which is 55.3% more expensive than the national average of
$338,100 and 81.5% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,570 per month, which is 41.4% more than the national average of
$1,110 and 10.2% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27613), North Carolina, a minimum annual income of
$100,440 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27613 Raleigh, NC is slightly higher than the national average. The overall cost of goods and services is approximately 103% of the US average. Housing costs are particularly high, with a median home value of $296,100 compared to the US median value of $231,200. Additionally, the median rent in this zip code is $1,352 per month—around $300 more than the US average. Other expenses such as transportation and utilities are also relatively expensive compared to other areas in the country. Despite these higher costs, Raleigh has a great quality of life and is an attractive destination for many people looking to make a change and relocate.