Housing costs in Raleigh?
A typical home costs
$601,000, which is 77.8% more expensive than the national average of
$338,100 and 107.7% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,530 per month, which is 37.8% more than the national average of
$1,110 and 7.8% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27614), North Carolina, a minimum annual income of
$115,200 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27614 Raleigh, NC is relatively high due to the fact that it is a major metropolitan area in the southeastern United States. According to BestPlaces, the cost of living index for 27614 Raleigh, NC is 119.47, which is much higher than the national average of 100. Groceries, healthcare costs, and housing are all much higher than the national averages. The median home value in Raleigh is $240,800 which is significantly higher than the national median of $184,700. The overall cost of living in this area may be considered high by many standards but provides residents with a high quality of life and plenty of job opportunities.