Housing costs in Raleigh?
A typical home costs
$326,600, which is 3.4% less expensive than the national average of
$338,100 and 12.9% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,440 per month, which is 29.7% more than the national average of
$1,110 and 2.1% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27604), North Carolina, a minimum annual income of
$62,640 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Raleigh?
Raleigh, NC is a great place to live with an affordable cost of living. According to BestPlaces, the cost of living in 27604 Raleigh, NC is 8% lower than the U.S average, making it an attractive place for families and individuals alike. The overall cost of living indices for 27604 Raleigh, NC are approximately 10% lower than the national average, while groceries and restaurant prices are around 4-8% lower - offering both great value and convenience for residents. Utilities in this area are also relatively inexpensive with electricity bills averaging around $119 per month and internet costs averaging approximately $48 per month; these costs are much less than many other parts of the United States. All-in-all, living in 27604 Raleigh, NC provides a great balance between affordability and quality of life - making it an ideal location to settle down.