Cost of Living in Raleigh, NC
Raleigh has a cost of living index of 101 (100 = national average), making it close to the national average. The median household income is $72,576 and the median home price is $410,000.
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Raleigh at a Glance
Population
482,295
Cost of Living Index
101
Median Income
$72,576
Median Home Price
$410,000
Property Tax Rate
0.85%
Sales Tax Rate
7.25%
Rent Index
105
State
North Carolina
Living in Raleigh
Raleigh has a cost of living slightly above the national average. While housing at $410,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Raleigh is 7.25%, and the effective property tax rate is 0.85%. Property taxes are close to the national average.