Whether you're considering relocation to Raleigh, North Carolina or just curious about the cost of living in Raleigh, North Carolina, the PayScale Cost of Living Calculator is the place to begin your research. When looking at the cost of living charts below, be sure to pay attention to the housing expense category. Housing costs and mortgage rates can vary by city because local banks can have different mortgage rates from their national competition. If you are serious about relocation to Raleigh, North Carolina, you might want to investigate local mortgage rate options before you put your house up for sale.
Cost of Living in Raleigh, North Carolina by Expense Category
Cost of Living in North Carolina: Raleigh
If you are looking for a great city in which to work and live, you may want to consider Raleigh, North Carolina. The Cost of Living in Raleigh is equal to the national average, which, in comparison to most major cities, is very reasonable. Expenses such as housing, transportation and utilities are all below the national average. As gas prices continue to rise, many people are concerned about the cost of transportation. In Raleigh, the Average Commute Time is 25 minutes. The city is currently working to improve their public transportation in an effort to reduce traffic congestion and encourage the use of bicycles. The implementation of a new transportation plan could make it easier to get to work and further reduce transportation costs, helping to maintain the reasonable cost of living that Raleigh is known for.
Cost of Living Comparison
The cost of living in Raleigh is very reasonable, but how does it compare to the cost of living in your city? Using PayScale’s Cost of Living Calculator, you can compare the cost of living in your city to the cost of living in Raleigh, as well as other North Carolina cities.
Salaries in Raleigh
In some cities, a low cost of living can result in lower salaries. In Raleigh, this does not appear to be the case for people working in information technology. Researching Median Salaries in Raleigh shows that software engineers have a competitive median salary of $67,650. The position of senior software engineer has a median salary of $91,159. And the median salary for an IT project manager is $81,749. Measuring Median Salaries by Years of Experience shows that starting salaries in Raleigh are relatively low, with a median of $39,621. After 20 years of experience, the median salary increases to $74,536.