Raleigh, NC Metro Area is a great place to live and work. It has an attractive cost of living, with the median two bedroom rent at $1,410 compared to the US average of $1,430. Grocery prices are also relatively low in Raleigh, with its grocery cost index being 100 versus 100 in the US on average. Major employers in the area include IBM, SAS Institute, Credit Suisse First Boston Corporation, and Nortel Networks. There are also many smaller local businesses providing excellent job opportunities like BB&T Bank, GlaxoSmithKline Corporation, Red Hat Inc., and Progress Energy. The Raleigh metro area provides a diverse range of job opportunities along with a reasonable cost of living for those looking to start their lives here.
Raleigh-Cary Metro Area has an unemployment rate of 3.9%. The US average is 6.0%.
Raleigh-Cary Metro Area 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 45.5%, which is higher than the US average of 33.5%.
Tax Rates for Raleigh-Cary Metro Area
- The Sales Tax Rate for Raleigh-Cary Metro Area is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Raleigh-Cary Metro Area 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-Cary Metro Area
- The average income of a Raleigh-Cary Metro Area resident is $31,468 a year. The US average is $28,555 a year.
- The Median household income of a Raleigh-Cary Metro Area resident is $83,581 a year. The US average is $69,021 a year.