Economy in Raleigh, North Carolina

The economy of Raleigh, North Carolina is heavily reliant on education with many universities located in or near the city providing steady sources of employment for both students and faculty members alike. Additionally, there has been some recent growth due to investments into tech related startups while tourism remains an important source of revenue for local businesses throughout the region.

Raleigh has an unemployment rate of 4.3%. The US average is 6.0%.

Raleigh has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 44.2%, which is higher than the US average of 33.5%.

Tax Rates for Raleigh
- The Sales Tax Rate for Raleigh is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Raleigh is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Raleigh
- The average income of a Raleigh resident is $31,169 a year. The US average is $28,555 a year.
- The Median household income of a Raleigh resident is $54,581 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

ECONOMY	Raleigh, North Carolina	United States
	4.3%	6.0%
	-5.2%	-6.2%
	44.2%	33.5%
	7.3%	6.2%
	5.3%	4.6%
	$35,094	$31,177
	$61,505	$57,652
	$77,839	$70,850
POPULATION BY OCCUPATION
	0.2%	1.3%
	0.1%	0.6%
	6.0%	6.2%
	7.5%	10.4%
	2.5%	2.7%
	10.9%	11.6%
	2.8%	4.1%
	0.5%	0.9%
	2.5%	2.1%
	5.5%	4.7%
	2.1%	1.9%
	12.5%	6.7%
	0.0%	0.1%
	5.5%	4.3%
	9.7%	9.3%
	11.8%	13.8%
	2.0%	2.2%
	8.3%	7.4%
	4.5%	4.9%
	5.2%	4.8%

ECONOMY MAP

Unemployment Rate (US Avg: 6%)

Median HH Income (US Avg: $53k)

Recent Job Growth (US Avg: 1.59%)

Income Less Than $15k (US Avg: 12.55%)

Income Greater Than $200k (US Avg: 5.03%)

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Reviews for Raleigh 222 Reviews

My Blue Heaven - 5/25/2023
I attended university here in the early 90s and came back around 2005 and never left. I'm surprised at the other negative reviews honestly. Yes, housing is pricey in... Read More

Kevin | Raleigh, NC | Reply | No Replies

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Ghosts Available For Haunting - 10/5/2022
I have lived in Raleigh for four decades. most of my life. I used to love Raleigh beyond words. I was proud of Raleigh and now, in 2022 and now I am thinking about... Read More

Helen | Raleigh, NC | Reply | 1 Reply

Visit and do your research before you decide - 9/13/2021
I've lived in Raleigh since 1971 so I've definitely seen a lot of changes, some good and some not! I won't say which is which in my review because realistically, we all... Read More

Robin | | Reply | No Replies

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ZIP CODES IN RALEIGH, NORTH CAROLINA

27610, 27603, 27616, 27604, 27606, 27613, 27615, 27612, 27614, 27609, ... 15 more

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