Cost of Living in Raleigh, NC
2024 data from the Bureau of Economic Analysis
Cost Index
98.2
1.8% below avg
Housing Index
103.5
Median Income
$91,818
Median Rent
$1,366/mo
Cost Breakdown
Overall98.2 (-1.8%)
Housing103.5 (+3.5%)
Goods96.6 (-3.4%)
Utilities89.0 (-11.0%)
Other Services98.2 (-1.8%)
National average = 100
Income & Housing
Median Household Income
$91,818/year
Median Home Value
$347,600
Median Monthly Rent
$1,366/mo
Per Capita Income
$47,031/year
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Frequently Asked Questions
Is Raleigh, NC expensive to live in?
Raleigh, NC has a cost of living index of 98.2, which is 1.8% below the national average.
How much does housing cost in Raleigh, NC?
Housing costs in Raleigh, NC are indexed at 103.5 compared to the national average of 100. The median monthly rent is $1,366.
What is the average income in Raleigh, NC?
The median household income in Raleigh, NC is $91,818 per year.
What is the average home price in Raleigh, NC?
The median home value in Raleigh, NC is $347,600.