Cost of Living Breakdown
The cost of living in Raleigh, NC is 2% higher than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 102 | +2% |
| Housing | 104 | +4% |
| Groceries | 99 | -1% |
| Utilities | 98 | -2% |
| Transportation | 97 | -3% |
| Healthcare | 103 | +3% |
Housing Costs in Raleigh
Housing is typically the largest expense. In Raleigh, the housing index is 104 (national average = 100).
- Median home price: $410,000
- Median rent (1 bedroom): $1,450/month
- Median rent (2 bedrooms): $1,700/month
- Annual rent (1BR): $17,400/year
Housing costs in Raleigh are roughly in line with national averages.
How Much Do You Need to Earn in Raleigh?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $51,000 in Raleigh. The median household income of $73,551 translates to a monthly budget of approximately $6,129.
Groceries & Everyday Expenses
The grocery index in Raleigh is 99. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 97, while utilities come in at 98. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Raleigh are indexed at 103. Healthcare costs are close to or below the national average.
Compare to North Carolina
See statewide salary and tax data on our average salary in North Carolina page. Also see income data for this city on our average salary in Raleigh page.
Financial Tools
Use our free calculators to plan your finances in Raleigh:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment