Take in skyline views from the Boylan Bridge. | Photo by RALtoday
With Raleigh constantly growing and undertaking multiple high-profile developments this year, we figured it was time to talk about the cost of planting some roots in the City of Oaks.
The median household income in Wake County is $96,734, according to the US Census Bureau. State-wise, NC is No. 40 in the country for median income at ~$61,972 per household.
The overall cost of living in Raleigh is higher than the national average.
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Screenshot via bestplaces.net
The overall cost of living in Raleigh is higher than the national average, and higher than the rest of the state.
In Oak City, the cost of healthcare and utilities is lower compared to other parts of the state + the US. However, the cost of groceries, housing, and other miscellaneous expenses in the city have higher average costs than other cities in NC and the country overall.
Breaking down the numbers
Hypothetically speaking, if you live in a household that brings in $60,000 annually, your max monthly budget for rent + utilities would be $1,500 — 30% of your monthly gross income. The average monthly rent for an apartment in Raleigh is $1,577 — putting you over budget.
Meanwhile, if you’re wondering how much you can currently afford to spend on buying a home in Raleigh, try using SmartAsset’s cost calculator. Factors like your marital status, annual pre-tax income, down payment, and monthly debt, will help determine that figure. According to BestPlaces, the median home cost in Raleigh is $427,000.
Local housing + developments
Raleigh has entities such as the Affordable Housing Bond + other government-funded programs to help develop more affordable units. Additionally, nonprofits like CASA help provide homes to provide housing to those experiencing homelessness.
What would you tell someone who is considering moving here about the cost of living?
A. This is a really affordable city to live B. Prices are reasonable - not exorbitant, not cheap C. Prepare yourself for sticker shock - it’s expensive
The Oak City Salsa Social | Wednesday, July 17 | 6:30-9:30 p.m. | Transfer Co. Ballroom, 500 E. Davie St., Raleigh | Free | This family-friendly event teaches you the ropes of salsa dancing with live music.
The Flaming Lips | Wednesday, July 17 | 7:30 p.m. | Koka Booth Amphitheatre, 8003 Regency Pkwy., Cary | $45-$115 | Watch this band perform its iconic concept album “Yoshimi Battles the Pink Robots.”
Thursday, July 18
Jazz at the NCMA | Thursday, July 18 | PNC Arena, 1400 Edwards Mill Rd., Raleigh | $60-$105 | Listen to El Gran Combo de Puerto Rico with special guest Luciana Souza live at the art museum.
Friday, July 19
Grand Opening Party at Otomi Comida y Cocteles | Friday, July 19 | 5-9:30 p.m. | Otomi Comida y Cocteles, 1000 Brookside Dr., Ste. 119, Raleigh | Free | Enjoy bites and bevs from the new Mexican restaurant along Brookside.
Saturday, July 20
Spellbinding Stories Tour | Saturday, July 20 | Times vary | Starts at Governor’s Mansion, North Blount & East Lane Streets, Raleigh | Pay what you want | Learn some of Raleigh + NC’s most captivating historical stories while trekking downtown.
Two Door Cinema Club | Saturday, July 20 | 6:30 p.m. | Red Hat Amphitheater, 500 S. Salisbury St., Raleigh | $25-$175 | Jam out to this indie band downtown with special guest flipturn.
If the idea of a walk with your dog in the park (local coffee in-hand) no longer sparks joy, keep reading. | Photo via Pexels
If the thought of grabbing a treat from Sola or taking a stroll in Dix Park still can’t get you out of bed, you might need some support.
While Raleigh has many excellent, local mental health counselors, therapists, and resources, if you’re looking for a therapy option completely online — available in as little as 24 hours, and at a 25% off discount — BetterHelp can, well, help.
Dinos are downtown, and not just at the science museum. A trio of topiary dinosaurs can now be found throughout downtown, each with its own roaring personality. Meet Trish, Bex, and Pterry before they’re gone, then explore the new Dueling Dinosaurs exhibit.
Jobs
The manufacturer of Japanese candy HI-CHEW will expand its Mebane footprint with 200+ jobs. Morinaga & Co. originally invested in Orange County with a factory in 2016 and will construct a second facility, set to open in 2027. (The News & Observer)
Tech
Wake County is hosting community discussions today + tomorrow to create a plan to bring high-speed access to all Wake residents. Find your nearest community event, like a discussion tomorrow at the Chavis Park Community Center, to give your input.
Watch
Marcus, will you accept this rose? Raleighite Marcus Shoberg is one of 18 men vying for Jenn Trann on this season of “The Bachelorette” — watch him next Monday, July 22 on ABC via Hulu. (The News & Observer)
Community
Volunteers are needed for Walnut Creek Wetland Park’s annual Mud Day festival on Saturday, Aug. 17. Volunteers must be 16 or older and can volunteer the day before or during the festival, which includes a giant mud pit, food trucks, live animals, and much more. Ready to get your hands dirty?
Ranked
Speaking of cost of living, WalletHub ranked Raleigh as the No. 7 best large city for first-time homebuyers in a recent study. Oak City’s real estate market ranked among the best and came in at No. 26 overall.
Drink Up
Drink Up Week sponsored by AVA Rooftop Bar — a celebration of our city’s vibrant beverage culture — is coming up quickly from Monday, July 22 to Friday, July 26. We asked local businesses to join the fun by sharing drink deals; check out this map of promos that are poppin’ just for the occasion.
Seasonal
Sleigh bells ring, are you listening? It’s Christmas in July, and we’re celebrating by gifting new and returning advertisers with special promotions to get your message in front of our readers. Get in touch to learn more (read: open your present).
Shop
One-day sale alert: Local biz Murphy’s Naturals is offering 30% off everything in the store to celebrate their founder’s birthday. Use code “BDAY30" at checkout to save on the entire lineup of natural, high-quality repellent products.*
Wellness
Feeling a tad worn out from long flights + late nights? This limited-time JET LAG Massage will leave you re-energized and refreshed to keep that post-vacay glow going. Book at The NOW.*
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