Housing costs in Raleigh?
A typical home costs
$843,200, which is 149.4% more expensive than the national average of
$338,100 and 191.5% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Raleigh costs
$1,450 per month, which is 30.6% more than the national average of
$1,110 and 2.8% more than the state average of
$1,410.
Can I afford Raleigh?
To live comfortably in Raleigh (zip 27608), North Carolina, a minimum annual income of
$161,640 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Raleigh?
The cost of living in 27608 Raleigh, NC is relatively high compared to many other cities across the US. According to BestPlaces, the cost of living index in this area is 122.22, which is 22% higher than the US average. Rent and housing costs are especially high in this area; a one-bedroom apartment can cost an average of $1,092 per month. Additionally, utilities are also more expensive, with the monthly costs for electricity and heating averaging around $144.37 and $126 respectively. In terms of transportation costs, gas prices are typically higher than the national average, but public transportation is relatively affordable. All in all, while life in 27608 Raleigh may be slightly pricier than elsewhere in the country, its proximity to vibrant culture and entertainment makes it well worth it.