Do you ever wonder why Raleigh is one of the most sought-after cities in the states that many are wanting to call home sweet home? This sprawling Southern city is really a small-town at heart. From festivals to sporting events, Raleigh has a lot of enriching experiences pioneered by smart and passionate locals. Raleigh ranks number one on the list of best places to live in North Carolina and number six on the best places to live in the United States list. She didn’t earn her rankings on her small-town charm alone. There are some solid statistics that keep Raleigh in the lime light.
Affordable Cost of Living
The cost of living in Raleigh is relatively affordable with an overall cost of living score of 103 which is only 3% higher than the national average. Though housing costs are on the rise as the market continues to grow, the low property taxes in Raleigh make owning a home easier than living in other similar-sized metropolitan areas.
With housing prices 30% lower than the national average, utility prices 4% lower than the national average, and transportation expenses 8% lower than the national average, this affordable living is one of the reasons why so many people are deciding to move to the area.
While housing may be the biggest expense for most households in America, Raleigh is making headlines as the only major technology city that continues to have home prices that are under the national average.
Raleigh’s Sizzling Job Market
Raleigh has been experiencing massive job growth as more and more companies decide to move to the area. Companies such as Google, Meta, Apple, and Toyota are bringing thousands of jobs to the Raleigh area.
In addition, Raleigh has been named as one of the “Best Cities for Jobs in the United States. According to a new report, there are more than 50,000 job openings available all with a median average salary of $55,000.
The City of Oaks is absolutely ideal for those who have a career in higher education or a passion for research. The Raleigh area is home to three tier-1 universities and ranked as the 2nd most educated city. North Carolina State University (NC State), an international leader in veterinary medicine, is close neighbors to the nation’s first public university, the University of North Carolina at Chapel Hill (UNC-CH), as well as the prestigious research university, Duke.
These three colleges attract people from all corners of the world, bringing a lot of talent and young professionals to the city.
Why Raleigh? Between its elite universities, lower than average housing costs, it’s booming job market and its small-town feel, it’s easy to understand why so many are moving to the Raleigh area and loving it. Helping people find the home of their dreams is my passion whether it’s in the Raleigh area, at the coast or even heading west, I can help. Feel free to contact me here. I invite you to learn about real estate tips, trends and updates by connecting with me on Instagram and Facebook.