Moving to Raleigh, NC

Thinking about moving to Raleigh?

You’ll be in good company. Between 2010 and 2016, more than 54,988 people have moved to Raleigh, an increase of 13.6%. New residents are attracted to Raleigh’s sizzling tech sector and excellent quality of life.

Where Are All the New Residents of Raleigh Moving From?

Given its spot in Research Triangle Park, Raleigh might be best known as a tech hub, but the area’s largest employers are actually in government, education and healthcare, with energy and financial services also in…


One might say that there are three ingredients to Raleigh’s success: education, tech, and the outdoors. As one corner of the Research Triangle, Raleigh is close to several major educational institutions, including Duke University in Durham, the University of Carolina at Chapel Hill, and North Carolina State University. This highly-educated population has helped lure tech companies into the area, providing for a booming economy. Finally, the Piedmont region of North Carolina is covered in thickly-forested hills and shot through with rivers, making for great hiking,
biking, rafting, and more.

Living

Raleigh is home to 458,880 Raleighites. With an area of 142.9 square miles, Raleigh has a population density of 3,211 persons per square mile, which makes it less dense than many other cities of comparable size.

The Raleigh, NC Metropolitan Statistical Area boasts a population of 1,302,946 people, of which Raleigh proper’s population makes up 35%.

Housing

One of the drawbacks of all of Raleigh’s growth and livability are its relatively high housing prices. The median home value in Raleigh is $222,300, 11% above the US median value, according to Zillow. The median price per square foot in Raleigh is $128. Over the past 5 years, home values in Raleigh have increased by 5%.

Renters in Raleigh may have an easier time finding affordable housing. The median rent in Raleigh is $1,401 per month, which is 2% lower than the US median. Over the past year, rental rates in Raleigh have increased by 2.0%.

Economy

The Raleigh economy is on fire. The Raleigh metro area’s GDP grew by 29% between 2010 and 2015, from $59 billion in 2010 to $76 billion in 2015, a total increase of $17 billion. The metro area has a per capita GDP of $58,142. According to the US Census Bureau, the median household income in Raleigh, NC is $63,363, 8% higher than the national median. Raleigh’s unemployment rate is 3.7%.

Raleigh, NC Arts and Entertainment

Crawford & Son

618 N Person St Raleigh, NC 27604

Beasley’s Chicken & Honey

237 S Wilmington St Raleigh, NC 27601

The District Raleigh

317 W Morgan St Ste 117 Raleigh, NC 27601

J. Alexander’s Restaurant

4600 Crabtree Valley Ave Raleigh, NC 27612

Stanbury

938 N Blount St Raleigh, NC 27604

The Pit

328 W Davie St Raleigh, NC 27601

Bida Manda

222 S Blount St Raleigh, NC 2760

Brewery Bhavana

218 S Blount St Raleigh, NC 27601

Mofu Shoppe

321 S Blount St Raleigh, NC 27601

Restaurants
Crawford & Son
Beasley’s Chicken & Honey
The District Raleigh
J. Alexander’s Restaurant
Stanbury
The Pit
Bida Manda
Brewery Bhavana
Mofu Shoppe

The Architect Bar & Social House

108 E Hargett St, Raleigh, NC, United States

Person Street Bar

805 North Person Street, Raleigh, NC, United States

Landmark Tavern

117 E Hargett St, Raleigh, NC, United States

Raleigh Times

14 East Hargett Street, Raleigh, NC, United States

Raleigh Beer Garden

614 Glenwood Avenue, Raleigh, NC, United States

Raleigh Brewing Company

3709 Neil St Raleigh, NC 27607

Compass Rose Brewery

3201 Northside Dr Raleigh, NC 27615

Lonerider Brewing Company

8816 Gulf Ct Ste 100 Raleigh, NC 27617

Slim’s Downtown Distillery

227 S Wilmington St, Raleigh, NC, United States

Nightlife
The Architect Bar & Social House
Person Street Bar
Landmark Tavern
Raleigh Times
Raleigh Beer Garden
Raleigh Brewing Company
Compass Rose Brewery
Lonerider Brewing Company
Slim’s Downtown Distillery

North Carolina Museum of Natural Sciences

11 W Jones St, Raleigh, NC 27601

North Carolina Museum of History

5 E Edenton St, Raleigh, NC 27601

North Carolina Museum of Art

2110 Blue Ridge Rd, Raleigh, NC 27607

Marbles Kids Museum

201 E Hargett St, Raleigh, NC 27601

CAM Raleigh

409 W Martin St, Raleigh, NC 27603

City of Raleigh Museum

220 Fayetteville St, Raleigh, NC 27601

William B Umstead State Park

8801 Glenwood Ave Raleigh, NC 27617

Lake Johnson Park

4601 Avent Ferry Rd Raleigh, NC 27606

Pullen Park

408 Ashe Ave Raleigh, NC 27617

Gregg Museum of Art & Design

1903 Hillsborough St Talley Student Ctr Raleigh, NC 27607

Culture
North Carolina Museum of Natural Sciences
North Carolina Museum of History
North Carolina Museum of Art
Marbles Kids Museum
CAM Raleigh
City of Raleigh Museum
William B Umstead State Park
Lake Johnson Park
Pullen Park
Gregg Museum of Art & Design

Weather

If hot weather isn’t your thing, you might want to think twice before moving to Raleigh. Raleigh winters are warm, with an average temperature of 45 degrees. Summers in Raleigh are hot, with an average temperature of 76 degrees. The average temperature in Spring is 68 degrees and the average temperature in Fall is 52 degrees.

Don’t worry too much about packing your umbrella. Raleigh only sees 100 rainy days per year on average and has an average annual rainfall of 46 inches. Raleigh is relatively humid, with an average annual relative humidity of 70. And don’t sweat it if you forget to pack your sunglasses. Raleigh only gets an average of 2,606 sunny hours per year and 111 sunny days, fewer than much of the rest of the country.

Crime

Raleigh is a safe city, with a violent crime rate of only 392 incidents per 100,000 persons according to the FBI, a lower rate than average. Property crime rates in Raleigh are relatively low, with a rate of 3,063 incidents per 100,000 persons, a lower rate than average.

Traffic

Ask anyone who lives in Raleigh what the city’s biggest problems are and traffic will almost certainly be one of them. According to a survey conducted by INRIX, the average commuter in Raleigh spends 18 hours in traffic each year, with about 6% of their time commuting in a traffic jam, a higher portion than average among US cities.

Cost of Living

Raleigh is a relatively affordable place to live with a low cost of living. According to the Bureau of Economic Analysis‘s Regional Price Parity survey, which takes into account cost of living metrics including the price of goods and services and housing, Raleigh has a regional price parity of 104.4, -4.7% below the average for US metro areas.

Education

Raleigh is a well-educated city, with 26% of the population possessing a Bachelor’s degree or higher. Only 11% of the population does not have a High School diploma, while 13% of the population has a Graduate or Professional degree.

Demographics

The median age in Raleigh is 35.3 years. 48.9% of the population in the Raleigh metro area is male, while 51.1% is female. 11.6% of the metro population is foreign born. In terms of racial demographics, Raleigh is 70% white, 20% African American, and 0% Asian.

Plan Your Move to Raleigh With SpareFoot

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