Housing costs in Raleigh?
A typical home costs
$491,400, which is 45.3% more expensive than the national average of
$338,100 and 69.9% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,560 per month, which is 40.5% more than the national average of
$1,110 and 9.6% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27615), North Carolina, a minimum annual income of
$94,320 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27615 Raleigh, NC is relatively high when compared to many other areas of the country. According to BestPlaces, the estimated cost of living for a family of four is $4,868 per month. The median household income in this area is about $77,914 annually, which is nearly double the national average. Housing prices are higher than the national average as well with the median home value coming in at around $270,000. While this may seem like a lot to some people, it’s actually quite affordable when compared to other cities across the United States. Groceries and utilities tend to be on par with many cities and shopping options are plentiful due to nearby malls and stores. Overall, living in Raleigh can be expensive but definitely worth it for those seeking an active city filled with great opportunities and amenities.