Cost of Living in Raleigh, North Carolina
In Raleigh, the median household income is $85,395 and the median gross rent is $1,572/mo, with a median home value of $415,800. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $85,395
- Median gross rent
- $1,572/mo
- Median home value
- $415,800
- Population
- 481,031
How Raleigh compares to the North Carolina average
| Measure | Raleigh, NC | North Carolina statewide | Difference |
|---|---|---|---|
| Median household income | $85,395 | $72,388 | +18.0% |
| Median gross rent (monthly) | $1,572 | $1,228 | +28.0% |
| Median home value | $415,800 | $288,900 | +43.9% |
Statewide, North Carolina prices average 94.3 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Raleigh
- Salary needed for median rent
- $62,880
- Rent burden at median income
- 22.1%
- Est. affordable home price
- $311,515
So that $1,572/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Raleigh is $415,800 — +33.5% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other North Carolina cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.