What Is the Cost of Living in Raleigh, NC?

Overview of Healthcare Facilities and Costs in Raleigh

Raleigh has a robust healthcare system with hospitals, clinics, and specialized medical centers, helping ensure residents can access a broad range of healthcare services. However, healthcare costs in Raleigh are a bit more expensive at about 12% more than the national average in November 2024 per Payscale, which also offers this snapshot of what you might expect to pay for certain medical bills:

• Doctor's appointment: $156.89  

• Dental visit: $129.01

• Optometrist: $143.70

• Prescriptions: $272.39 

• Veterinary appointment: $68.01

Of course, actual expenses can vary based on your insurance plan and the specific care you need. Knowing what some of these services may cost is crucial for making informed decisions about your healthcare.

Public Transportation Options and Expenses

According to Payscale (November 2024), transportation costs in Raleigh are 8% lower than the national average, making commuting economical and stress-free. This affordability adds to Raleigh’s appeal as a city that's easy to explore.

Navigating Raleigh is both easy and affordable, thanks to its efficient public transportation system. With options like GoRaleigh, GoRaleigh Access, and the Transit Authority, residents have a variety of convenient ways to get around town. As an example of public transit fares, GoRaleigh charges $1.25 for a single ride as of November 2024. Seniors aged 65 and older ride free, as do riders aged 18 and younger. GoRaleigh also offers an affordable monthly pass at just $40, giving you unlimited rides for 31 days—ideal for folks looking for a cost-effective way to travel.

Cost of Owning a Car in Raleigh

Naturally, owning a car comes with its own expenses, and staying informed about these costs is vital, especially for North Carolina residents who often rely on personal vehicles. That said, WalletHub® ranked Raleigh as the number one best city for drivers in 2024 compared to 100 of America’s largest cities. Raleigh also ranked well for having affordable car insurance and auto maintenance costs.

AAA® reports that gas prices in Raleigh average $2.90 per gallon as of January 2025 and that drivers in 2024 spent about $10.13 cents per mile on auto maintenance and repairs. Based on data from World Population Review in November 2024, the average car repair bill in North Carolina is just over $400. An additional benefit to North Carolina drivers is the Motor Vehicle Repair Act, which offers protection for residents when car repairs are more than $350.

Car insurance costs are around $2,047 annually or approximately $171 monthly, which Bankrate® claims is still 22% lower than the national average as of January 2025. Planning to buy a new car? Be prepared for a 4.75% state sales tax, per the Tax Foundation (2024). 

Average Salary in Raleigh, NC

If you’re wondering how much you need to live comfortably in Raleigh, here are some insights on how to live in this dynamic city.

Median Income and Livable Wage Raleigh, NC

According to Raleigh’s city government, the median household income is $86,309 as of February 2024. For a single adult without children, a livable wage in Raleigh, NC, is at least $24.70 per hour to cover essential expenses, per the MIT Living Wage Calculator as of February 2024. These figures offer a helpful perspective on the cost of living and can guide you in planning your financial future in Raleigh.

Salary Expectations and Livable Income in Raleigh

The average cost of living in Raleigh, North Carolina, can vary based on your personal needs and circumstances. On average, according to MIT’s Living Wage Calculator as of February 2024, a single adult needs an annual income of $43,133 after taxes to make ends meet. For a household of two working parents and no children, that figure jumps slightly to $58,466.

Raleigh Cost of Living Comparison

Here’s how Raleigh living costs stack up against other major metro areas like Denver, Austin, and Portland: 

• Denver, CO vs. Raleigh, NC: According to Payscale (2024), Raleigh's cost of living is 2% below the national average. This affordability is a big draw for potential residents, considering factors like housing, transportation, and healthcare. In contrast, Denver is 9% above the national average, driven by steeper housing prices and a competitive job market. For those pondering a relocation for their next life adventure, Raleigh may offer a more budget-friendly option with all the perks of a dynamic city life.

• Austin, TX vs. Raleigh, NC: Both Austin and Raleigh are booming tech hubs, attracting major employers. Plus, Austin's cost of living rivals Raleigh’s at 2% below the national average per Payscale as of November 2024. However, housing costs in Austin are 6% higher. While both cities boast exciting cultural scenes and growth, Raleigh tops Austin in terms of more affordable housing.
  
  

• Portland, OR vs. Raleigh, NC: With two distinct lifestyles, Portland's average cost of living index is 19% higher than the national average compared to Raleigh being 2% lower, according to Payscale as of November 2024. While both cities offer diverse cultures, Raleigh's housing is notably more affordable, with Portland housing costs at 49% above the national average (Payscale, 2024). If you're budget-conscious, Raleigh offers a financially accessible choice without sacrificing community and proximity to excellent amenities.

Brier Creek

Brier Creek, located in the northwest corner of Raleigh, has transformed from sprawling farmland into a bustling mixed-use neighborhood. Its prime location offers convenient access to Research Triangle Park and Raleigh-Durham International Airport. At the heart of Brier Creek lies Brier Creek Commons, a bustling shopping center brimming with retail stores, delightful restaurants, and entertainment venues. For those seeking a touch of luxury, the Brier Creek Country Club offers an upscale retreat complete with a golf course and wonderful recreational amenities.

You'll find a variety of housing options to fit your lifestyle in Brier Creek, from cozy single-family homes to modern townhomes and apartments. Brier Creek has new construction homes ranging from the mid $400Ks to the low $600Ks, according to NewHomeSource® as of November 2024.

Apex

Just 15 miles southwest of Raleigh, Apex is a town full of charm and diverse housing options. Whether you're drawn to the area’s historic homes or more contemporary residences, Apex has something for everyone. Stroll through downtown with its quaint brick sidewalks, local shops, and diverse dining options that cater to every palate. For outdoor enthusiasts, Apex Nature Park offers a perfect escape with its scenic trails, sports fields, and playgrounds. 

If you're considering building a new home in Apex, expect the cost to average $450K per NewHomeSource in November 2024.

Holly Springs

Holly Springs is about 10 miles southwest of Raleigh, a welcoming town celebrated for its robust economic growth and quality schools. Once a crossroads community in the 1800s, it has transformed into a sought-after suburb, offering a mix of traditional and modern homes. Residents can enjoy recreational activities at Parrish Womble Park and Bass Lake Park or indulge in the many shopping, dining, and entertainment options at the Holly Springs Towne Center. The town's dedication to maintaining a warm atmosphere and strong community spirit helps make it an attractive place to live within the Raleigh-Durham metro area.

If you're considering building a new home in Holly Springs, costs range from the mid $500Ks to the high $700Ks as of November 2024, according to NewHomeSource.

North Hills

Situated just north of Raleigh's bustling downtown is North Hills, a mixed-use district since its origins in the 1960s. Recently revitalized, North Hills has transformed into a lively hub where living, working, and socializing blend seamlessly. This appealing area is renowned for its stylish apartments, chic boutiques, and vibrant nightlife. Residents also enjoy amenities like Midtown Park, with serene green spaces, scenic trails, and versatile event venues.

For those looking to build a new home near North Hills, options range from the high $500Ks to the low $600Ks, per the NewHomeSource November 2024 listings.

Fuquay-Varina

About 20 miles southwest of Raleigh lies Fuquay-Varina, a charming town established in the 1960s and uniting the towns of Fuquay Springs and Varina. This area is steeped in history, yet it blends modern growth with its small-town charm. Wander through the downtown streets, and you'll discover a delightful mix of coffee shops and local eateries, each preserving the town's unique heritage. A visit to Fuquay Mineral Spring Park invites you to explore the original mineral spring and connect with the area’s rich past.

If you're considering building a home here, NewHomeSource reports that costs range from the low $300Ks to the low $600Ks as of November 2024. New homes in Del Webb® 55+ communities in Fuquay-Varina start in the upper $399Ks.

Clayton

Clayton sits roughly 16 miles southeast of Raleigh and is considered a quaint satellite town. Home to several parks, including the Clemmons Educational State Forest, Clayton locals enjoy being outdoors, wandering the Clayton River Walk on the Neuse Greenway, or practicing their swing at the Riverwood Golf Club.

As of November 2024, NewHomeSource finds that new construction home costs range from the high $200Ks to the high $300Ks. New homes in over-55 communities in Clayton from Del Webb start in the upper $369Ks.

Conclusion

If you’re considering settling down in Raleigh, NC, understanding the city’s average cost of living is essential for planning your move here. Overall, Raleigh offers affordable living costs, offering you the possibility of enjoying a comfortable lifestyle with plenty of opportunities for fun.

Explore active adult communities in Raleigh, NC, today, or browse more Del Webb blogs. 

Written By: Alexandra Shimalla, Freelance Journalist