F
48%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
162%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Five Points Raleigh North Carolina
Cost of living14811194
Goods & Services999998
Groceries989898
Health care112112108
Housing26213885
Transportation939392
Utilities989894
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Cost Of Living Quick Facts

  • The cost of living in Five Points is 58% higher than the Raleigh average
  • The cost of living in Five Points is 48% higher than the national average
  • Five Points housing is 162% higher than the national average
  • North Carolina general sales tax is 7% lower than the national average
  • North Carolina state income tax is 83% higher than the national average

Most Affordable Places to Live in and Around Five Points

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Compare Raleigh, NC Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Household$148,413$12,368$3,463$4,453

          North Carolina Sales Tax

          State General Sales Tax With Max Surtax
          North Carolina 4.75% 7.5%

          North Carolina Income Tax

          State Income Tax (Low) Income Tax (High)
          North Carolina 4.75% 4.75%

          Goods & Services

          Item Raleigh National avg. Difference
          Haircut $19.00$24.2621.7%
          Beauty Salon $29.58$45.5635.1%
          Toothpaste $3.65$3.701.4%
          Shampoo $1.09$1.2815.1%
          Movie $10.27$12.1315.3%
          Bowling $11.00$18.0038.9%

          Groceries

          Item Raleigh National avg. Difference
          Ground Beef $5.93$5.841.5%
          Fried Chicken $1.59$1.570.9%
          Milk $4.57$4.672.1%
          Potatoes $5.18$4.934.9%
          Pizza $10.47$12.0913.4%
          Beer $10.29$10.411.1%

          Health Care

          Item Raleigh National avg. Difference
          Optometrist $141.56$125.6812.6%
          Doctor $136.38$135.780.4%
          Dentist $100.17$113.2911.6%
          Ibuprofen $10.24$10.653.9%
          Lipitor $429.52$468.608.3%

          Housing

          Item Raleigh National avg. Difference
          Home Price $266,900.00$184,700.0044.5%
          Avg. Mortgage Payment $1,813.02$2,346.6922.7%
          Apartment Rent $1,175.00$949.0023.8%

          Transportation

          Item Raleigh National avg. Difference
          Gasoline $3.45$3.460.5%
          Tire Balancing $63.55$59.926.1%

          Utilities

          Item Raleigh National avg. Difference
          All Electricity $201.14$193.993.7%
          Phone $187.32$192.252.6%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Clayton, NC23,1791021.9%
          Garner, NC30,3451054.9%
          Knightdale, NC16,7981055.4%
          Durham, NC276,3411055.4%
          Fuquay-Varina, NC29,11011312.8%
          Raleigh, NC469,69811110.5%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Colorado Springs, CO471,68611919.3%
          Long Beach, CA462,08115757.0%
          Miami, FL461,08012423.8%
          Omaha, NE479,529964.3%
          Halifax, NS451,852n/a 
          Raleigh, NC469,69811110.5%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.