Cost of Living in Raleigh, North Carolina in 2025

Raleigh, North Carolina Cost of Living: Quick Takeaways

• Housing Costs: Average rent for a one-bedroom apartment in Raleigh is projected to be around $1,500 in 2025.
• Transportation Expenses: Public transit fares average $1.75 per ride with monthly passes costing about $65, while gas prices hover around $3.14 per gallon.
• Healthcare Costs: Employer-sponsored health insurance premiums average $140.33 monthly, with private silver plans at about $621 per month.
• Income Levels: Median household income is expected to reach approximately $85,000 in 2025, reflecting steady economic growth.

Raleigh's cost of living reflects a blend of moderate housing expenses and evolving utility and healthcare costs. This guide provides a detailed breakdown of expenses impacting residents in the city as of 2025.

With insights into housing, transportation, utilities and more, readers can better understand what to expect when living or moving to Raleigh, North Carolina.

For hospitality businesses operating in Raleigh, it's helpful to understand the real estate market trends influencing rental and property costs in the area.

1. Housing Costs in Raleigh, North Carolina

Housing constitutes a significant part of living expenses in Raleigh. Here is a historical look at average rents for a one-bedroom apartment:

• 2010: Approximately $900
• 2015: Around $1,050
• 2020: Approximately $1,200
• 2024: Reached $1,468
• 2025: Projected to be $1,500

These numbers reveal a consistent rise in rental costs, influenced by increasing demand in the Raleigh area.

Restaurant owners should consider these real estate market trends when planning locations for new ventures in Raleigh.

2. Homeownership and Real Estate Trends in Raleigh, North Carolina

Prospective homebuyers will note notable appreciation in real estate prices over the years:

• 2010: Median home price was about $150,000
• 2015: Increased to roughly $200,000
• 2020: Rose to approximately $300,000
• 2024: Reached $377,800
• 2025: Expected around $400,000

This trend reflects Raleigh's growing popularity and competitive housing market.

3. Transportation Expenses in Raleigh, North Carolina

Transportation costs include multiple options in Raleigh:

• Public Transit: One-way fare around $1.75 with monthly passes near $65.00
• Fuel Costs: Average price per gallon is approximately $3.14
• Vehicle Maintenance: Annual average cost is about $1,200

Costs will vary depending on commuting habits and vehicle usage.

For employees working in the hospitality sector, understanding commuting costs can impact job satisfaction and retention. Explore strategies to address restaurant staff hiring challenges related to location and transportation.

4. Utility Costs in Raleigh, North Carolina

Monthly utility expenses for an average apartment in Raleigh typically include:

• Electricity: $177.48
• Internet: $50.00
• Total Utilities: $227.48

Usage levels and provider choices influence overall utility bills.

5. Grocery and Food Expenses in Raleigh, North Carolina

Grocery costs in Raleigh align closely with national averages.

The average monthly grocery cost per person is about $300.00, while dining out expenses typically range from $15 at casual eateries to around $50 at mid-range restaurants.

Hospitality businesses aiming to optimize revenue should review insights on restaurant revenue statistics that include dining trends and expenses.

6. Healthcare Costs in Raleigh, North Carolina

Healthcare expenses cover insurance premiums and out-of-pocket spending.

Employer-sponsored insurance costs average around $140.33 monthly, while private silver plan premiums are about $621 per month.

7. Educational Expenses in Raleigh, North Carolina

Raleigh offers a variety of schooling options:

• Public Schools: Funded through taxes, generally without direct tuition fees
• Private Schools: Average tuition costs near $10,000 annually
• In-State University: Tuition at local public universities averages about $6,381 per year

Costs vary depending on the institution and program selected.

8. Entertainment and Leisure in Raleigh, North Carolina

Raleigh residents enjoy diverse entertainment options:

• Movie Tickets: Average ticket price is approximately $14.26
• Gym Memberships: Monthly fees average $40
• Mid-Range Restaurant Meals: Typically cost around $40

These contribute significantly to overall leisure expenses in the city.

9. Taxes and Miscellaneous Fees in Raleigh, North Carolina

A few key tax rates to consider:

• State Income Tax: Rates around 4.75%
• Sales Tax: Combined total approximately 7.25%
• Property Tax: Average rate near 0.85%

These taxes impact residents' budgets and business operations alike.

10. Childcare and Family Expenses in Raleigh, North Carolina

Family-related costs include:

• Daycare Services: Typically about $1,000 per month
• After-School Programs: Average monthly cost around $300
• Extracurricular Activities: Roughly $100 monthly

These expenditures are important for budgeting family finances.

11. Clothing and Personal Care in Raleigh, North Carolina

Monthly spending in Raleigh includes:

• Clothing: About $115 per month
• Personal Care: Approximately $54 per month on grooming and related services

Expenses may vary depending on individual lifestyles.

12. Insurance Costs in Raleigh, North Carolina

Major insurance costs are:

• Health Insurance: Average monthly premium for silver plans at $621
• Auto Insurance: Annual premiums around $2,364
• Homeowners Insurance: Annual average near $1,951
• Renters Insurance: Roughly $200 annually

These are essential expenses for financial security and legal compliance.

13. Miscellaneous Expenses in Raleigh, North Carolina

Additional yearly costs include:

• Entertainment: $2,482 annually
• Personal Care Services: Approximately $768 annually
• Miscellaneous Goods and Services: Around $707 annually

These can vary with personal preferences and lifestyle choices.

14. Income and Salaries in Raleigh, North Carolina

The median household income history is as follows:

• 2010: $46,000
• 2015: $50,000
• 2020: $57,760
• 2023: $82,424
• 2025: Projected at $85,000

This reflects ongoing economic growth and improved earning potential in Raleigh.

To attract the best talent in Raleigh’s hospitality scene, employers should consider how competitive salaries compare. The top paying restaurant jobs report offers valuable insight for hiring managers.

15. Comparison with National Averages

Raleigh's cost of living compared to the national average:

• Overall Cost: About 3% lower than the national average
• Housing: Approximately 9% less costly
• Utilities: Roughly 10% less expensive
• Food: On par with the national average
• Healthcare: About 13% higher than average
• Transportation: Around 8% less costly
• Goods and Services: Comparable to the national average

Understanding these comparisons helps in assessing affordability and lifestyle expectations.

Our Methodology for Raleigh Cost of Living Figures

We compile data from multiple reliable sources including Numbeo, BLS, Zillow, Statista and governmental agencies. Where data is unavailable, estimates are made based on similar markets and trends to provide a comprehensive cost of living overview for Raleigh.

Raleigh Cost of Living: Conclusion

In 2025, Raleigh offers a cost of living that balances reasonable housing and utility costs with slightly higher healthcare expenses. Transportation and food costs remain relatively affordable, supporting an overall cost level below national averages.

Understanding the detailed breakdown of expenses allows residents and newcomers to plan effectively and make informed decisions about affordability and lifestyle in Raleigh, North Carolina.

Employers interested in improving staff retention amid rising costs may benefit from strategies to reduce restaurant employee turnover and create a productive work environment.