Cost of Living in Raleigh, NC
|Cost of Living in Raleigh, NC||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||16% higher||2% lower|
|Utilities (Monthly)||4% higher||2% higher|
|Food||7% lower||8% lower|
|Healthcare||2% lower||5% higher|
|Transportation||1% higher||6% lower|
|Goods & Services||3% lower||4% lower|
The cost of living in Raleigh, NC is 2% higher than the state average and 3% lower than the national average. Raleigh, NC housing is 2% cheaper than the U.S average, while utilities are about 2% pricier. When it comes to basic necessities such as food and clothing, groceries are around 4% less in Raleigh, NC than in the rest of the country, while clothing costs around 4% less .
Healthcare services such as doctor check-ups and dentistry cost 5% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 4% cheaper in Raleigh, NC.
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 $1,634, while home prices circle around $407,309.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Raleigh, energy bills cost around $189.39 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 $2.63 in Raleigh, a dozen eggs go for around $2.13 and a pound of potatoes circles around $4.27.
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 $113.11, while a dentist appointment is priced $122.69 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.72 in Raleigh, while getting your tires balanced will run you about $48.44.
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 $26.84 here. Meanwhile, a pair of women's slacks will set you back around $30.50.
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 $12.39 a month. When it comes to personal services, a haircut usually goes for $24.18, while dry cleaning costs about $16.02.
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 $72,996.