Cost of Living in Raleigh

North Carolina · Population: 481,031 · Updated 2026

Below Average
Cost Index
98.2
100 = US avg
Median Income
$85K
Annual household
Median Rent
$1,572/mo
2-bedroom unit
Rent Burden
22%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing92.5
Groceries100.0
Utilities100.0
Transportation100.0
Healthcare100.0
Economic Details
Median Home Value$416K
State Income Tax3.99%
Unemployment Rate3%
Est. Net Income$82K/yr
Affordability Score
101
out of 100
Below national average cost
Salary Converter for Raleigh

See what salary you'd need in another city to match your purchasing power in Raleigh.

$75,000

About Raleigh

Raleigh is the anchor of the Research Triangle, home to world-class universities and a booming tech sector. It consistently ranks as one of the best places to live in the US due to its combination of career opportunities and affordability.

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Frequently Asked Questions

Is Raleigh expensive?

Raleigh has a cost of living index of 98.2, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Raleigh?

Based on a rent-to-income ratio of 30%, you'd need at least $62,880 to afford the median 2-bedroom apartment in Raleigh and maintain basic expenses.

What is the median rent in Raleigh?

The median 2-bedroom rent in Raleigh is $1,572 per month, according to HUD Fair Market Rent data.