Cost of Living in Raleigh, North Carolina
Raleigh has a population of about 481,031. The median household income is $85,395, median gross rent is $1,572/month, and the median home value is $415,800. Below is how Raleigh compares to the US.
Is Raleigh expensive to live in?
Compared with the national median, rent in Raleigh is 5% below the national median and home values are 11% above the national median. Household income here is about the national median. Monthly rent represents roughly 22% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Raleigh?
The median gross rent in Raleigh, North Carolina is $1,572 per month (US Census ACS).
What is the median home price in Raleigh?
The median home value in Raleigh is $415,800.
How much do people earn in Raleigh?
The median household income in Raleigh is $85,395 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.