With a competitive cost of living index, a favorable housing market, and a variety of home options, our region offers exceptional value. Compare key factors like the overall living index, housing index, and median home costs to see why Wake County is an ideal place to live, work, and thrive.
Cost of Living
Wake County strikes the perfect balance between affordability and quality
Cost of Living Calculator (2024)
| Expense | Raleigh, NC (MSA) | National Average |
|---|---|---|
| Gasoline per Gallon | $3.23 | $3.32 |
| Optometrist Visit | $109.33 | $129.23 |
| Utilities | $176.18 | $205.94 |
| Apartment Rent | $1,514 | $1,550 |
| Home Price | $466,682 | $515,975 |
| Milk per Gallon | $4.58 | $4.69 |
Cost of Living Calculator | Interactive Tool (Link)
New Home Construction Cost
For homes built since 2019, a typical new build at this price point includes 4 bedrooms, 2 bathrooms, and approximately 2,400 square feet of living space.
| Raleigh, NC | $466,682 |
| Atlanta, GA | $483,427 |
| Austin, TX | $500,842 |
| Denver, CO | $650,555 |
| Boston, MA | $1,309,939 |
| Washington, DC | $1,149,206 |
| San Francisco, CA | $1,383,783 |
| New York, NY (Brooklyn) | $1,411,779 |