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- Raleigh At-a-glance
- What it’s like to live in Raleigh
- Economy and job outlook in Raleigh
- Real estate in Raleigh
- The top neighborhoods in Raleigh
- How to get around in Raleigh
- School and education snapshot
- Weather and climate in Raleigh
- 10 can’t miss things to do in Raleigh
Ever wondered what it is like living in the capital of North Carolina? Well, get ready for some surprises because Raleigh is not your everyday city and it’s got accolades to prove its worth.
Safety? Check. Affordability? Double check. Quality of life? Triple check. In fact, WalletHub recently rated Raleigh as the second-best state capital for safety and more, #1 in terms of affordability, #4 for quality of education and health and #7 for economic well-being.
Moving to Raleigh also makes sense if you are thinking about the long term, as it is the 3rd best city for senior citizens, as reported by Aging in Place. Yes, the City of Oaks is a smart and delightful choice for all. But don’t just take our word for it, come and experience living in Raleigh yourself!
A City for Every Stage of Life
Whether you are a college student hitting the books, a veteran finding your next home or a pet parent looking for green spaces, Raleigh has got you covered.
Highly ranked by WalletHub and CoworkingCafe year after year for its air quality, green space and recreational amenities, the city shows it cares for its residents, no matter where they are in life. It also shines as a furball paradise and, if you’re a pet parent, that’s the best news possible!
But Raleigh goes that extra mile and doesn’t just preach work-life balance; it practically shows it wrote the guidebook. Your career aspirations? Covered. Your personal time? Cherished. Health insurance? Of course. Can you work remotely? You bet. All while staying affordable and keeping those commute times in check. But more about work later.
For now, just keep in mind that, whether you are grabbing a craft beer with friends, enjoying a walk with your pet or clocking in remotely, Raleigh has a little something for everyone.
A Hub for Working Women, Black Professionals and Tech Jobs
Guess what? Raleigh is topping the charts for working women, Black professionals and a sizzling job market!
A big reason for that? The Research Triangle Park (RTP). It is smack in the middle of Raleigh, Durham and Chapel Hill and is the largest research park in the U.S. Hundreds of companies, from life sciences and tech firms to startups and nonprofits, call RTP home and big names like Cisco Systems, IBM Corp, Fidelity Investments and GlaxoSmithKline are all there. A cool spot in the Research Triangle Park is Frontier RTP. It used to be an old IBM campus, but now it is a place where professionals can connect, grow and enjoy free coworking and events.
RTP aside, the income numbers in Raleigh also look good compared to national and state averages. The median household income of around $73,000 puts Raleigh at 6 percent above the U.S. value and 20 percent above the average in North Carolina, whereas the per capita income of $42,632 means Raleighites earn 13 percent more than the average American and 24 percent more than other North Carolinians.
Unemployment rate: 3.2 percent (as of June 2023)
Average weekly wages for all industries in the Raleigh area: $1,383 (Q4 2022)
Raleigh Homes: Affordability, Growth and Investment Potential
Thinking about moving to Raleigh? You are definitely not the only one. More than half of the residents own their homes — 51.6 percent to be precise. While that is a bit less than the national average (64.6 percent) and the North Carolina average (65.9 percent), it’s quite similar to Charlotte, the state’s biggest city.
Now, we are in for the money talk. The median home value in Raleigh stands at $285,400. Yes, that is 16 percent higher than the U.S. median and a whopping 44 percent higher than North Carolina’s. But hey, it’s a whole 37 percent less than Chapel Hill’s $454,300. So, all things considered, it’s not too bad, right? Rent values are pretty consistent across the RTP anchor cities and Charlotte, but in Raleigh, it’s about 25 percent more than the North Carolina median of $988.
And, let’s not ignore the recent trends. The Wall Street Journal, citing the Black Knight Home Price Index (HPI), has listed Raleigh among the top 10 markets for home appreciation in the nation’s largest cities between February 2020 and January 2023.
Does this mean investing in a home here could be a smart move for your wallet in the long run? Opinions vary among economists, and moving to Raleigh is a decision that factors in way more than this. While you have already seen a glimpse of its quality of life and economy, perhaps it’s time we took a closer look at neighborhoods, commute and education. That should help make up your mind about living in Raleigh if still in doubt.