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

Raleigh Realty

Let’s see how the cost of living in Raleigh compares to national data: Raleigh National Average Annual income $40,520 per person* $35,384 per person* Rent $1,175* $1,096* Mortgage payment $1,532 * $1,621* Natural gas (Therm) $1.23 $1.57 Income tax rate 4.99 13.3 Property tax for Wake County and North Carolina combined is 0.88.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

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UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders.