Cost of Living in Raleigh, NC
Population: 470,763 • 2026 Data
$82,424
Median Household Income
+6% vs national
$1,468
Median Monthly Rent
+9% vs national
$377,800
Median Home Value
+11% vs national
4.5%
Unemployment Rate
Housing in Raleigh
The median home value in Raleigh, NC is $377,800. Monthly rent for a typical unit averages $1,468, while total monthly housing costs (including utilities and insurance) average $1,487.
Rent-to-income ratio: 21.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Raleigh, NC is $82,424. The unemployment rate stands at 4.5%, with a labor force of 272,502 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.