Can you afford to live in Raleigh?

Median household income, home values and rent in Raleigh, NC — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Raleigh.

Median household income: $82,424 — +48.8% since 2015 (not adjusted for inflation)

Median gross rent: $1,468/mo — +58.5% since 2015

Median home value, 2015 to 2023

• 2015: 208800
• 2023: 377800

Median household income

• Raleigh: 82424
• Wake County: 101763
• NC: 69904
• U.S.: 78538

Median gross rent

• Raleigh: 1468
• Wake County: 1508
• NC: 1162
• U.S.: 1348

Share of income a typical renter spends on rent: 30.5% — U.S.: 30.2%

What it means

Households here earn about what households nationally earn ($82,424 versus $78,538).

The typical renter here spends 30.5% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+58.5% versus +48.8%), before adjusting for inflation.