Cost of Living in Raleigh, NC
|Cost of Living in Raleigh, NC||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||10% higher||7% lower|
|Utilities (Monthly)||10% lower||2% lower|
|Food||14% lower||12% lower|
|Transportation||1% higher||4% lower|
|Goods & Services||1% lower||0%|
The cost of living in Raleigh, NC is 1% lower than the state average and 4% lower than the national average. Raleigh, NC housing is 7% cheaper than the U.S average, while utilities are about 2% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0% in Raleigh, NC than in the rest of the country, while clothing costs around 0% .
Healthcare services such as doctor check-ups and dentistry cost 0% here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 0% in Raleigh, NC.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Raleigh is $1,522, while home prices circle around $316,641.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Raleigh, energy bills cost around $165.08 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $1.69 in Raleigh, a dozen eggs go for around $1.16 and a pound of potatoes circles around $3.75.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Raleigh, an optometry check-up costs around $99.04, while a dentist appointment is priced $95.23 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.31 in Raleigh, while getting your tires balanced will run you about $44.58.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $26.16 here. Meanwhile, a pair of women's slacks will set you back around $28.72.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Raleigh, you should budget around $10.04 a month. When it comes to personal services, a haircut usually goes for $20.60, while dry cleaning costs about $15.69.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Raleigh, the median household income is $69,720.