article thumbnail

What’s the Cost of Living in Raleigh, North Carolina?

Raleigh Realty

Most people in Wake County use employer-sponsored insurance (ESI), followed by Medicaid, Medicare FFS, and Medicare Advantage. Property tax for Wake County and North Carolina combined is 0.88. Income tax in North Carolina is 4.99. Income tax in North Carolina is set to reduce to 3.99 below average. below average.

article thumbnail

UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. Annual property taxes are, gulp!