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Is It Cheaper to Live in Raleigh or Durham, NC?

Ryan FitzgeraldRyan Fitzgerald
Apr 24, 2024 9 min read
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Is It Cheaper to Live in Raleigh or Durham, NC?
Chapters
01
Cost of Living in Raleigh
02
Housing Costs in Raleigh
03
Income in Raleigh
04
Cost of Living in Durham
05
Housing Costs in Durham
06
Income in Durham
07
Is It Cheaper to Live in Raleigh or Durham?

Is It Cheaper to Live in Raleigh or Durham, NC?

Are you debating moving to Raleigh or Durham, NC, and want to learn about which is more affordable? Here is everything you need to know about the cost of living in Raleigh and Durham.

The Research Triangle is one of the best places to live in North Carolina. The Research Triangle area is named after three prestigious universities: Duke, UNC-Chapel Hill, and North Carolina State University. These three institutions are located in the three cities of Raleigh, Durham, and Chapel Hill, which, if connected by an imaginary line on a map, would form a Triangle.

Wake and Orange County have grown rapidly, with more than 70 people per day relocating to the Triangle, according to WRAL. Whether you are moving here for school, retirement, a new job, an easy commute, or a fresh start, there is something for everyone in both cities.

Many people debate moving whether to move to Raleigh or Durham. Both are amazing cities with plenty of restaurants, museums, good schools, high safety, and prime real estate. However, before you make the move, you need to know the cost of living in both Raleigh and Durham.

While they are only about 30 minutes apart, Raleigh and Durham are very different cities. One of the main factors is the cost of living; if you plan on moving to the Triangle area, ensure you know which city will be more affordable for you. 

Keep reading to learn if living in Raleigh or Durham, NC, is cheaper.

1. Cost of Living in Raleigh

Overall, the cost of living in Raleigh, NC, is 4% lower than the national average. This is a combination of several factors. Keep in mind that any area of the cost of living can vary greatly depending on several factors, such as your career, personal preferences, average salary, and the real estate market at the time. 

More specifically, compared to the national average, housing is 2% lower, utilities are 2% higher, groceries are 8% lower, and transportation costs are 5% lower. These statistics may not equate to exactly how much you are going to spend in Raleigh, but they give you a good idea of how much it will cost to live here. 

The average resident in Raleigh makes an annual income of $42,632, which is 12.4% more than the national median of $37,638. Raleigh is an everchanging city, with more places to live and jobs popping up every day. However, since it is such a sought-after place to live in NC, the cost of living is higher than in other cities and towns in NC.

Here are some typical aspects of the cost of living according to Payscale.

Cost of Living Item Average Price
Median Home Price $439,640
Median Rent $1,337 / month
Energy Bill $180.36 / month
Phone Bill $194.02 / month
Gas $3.21 / gallon

Cost of Living in Raleigh

2. Housing Costs in Raleigh

While housing expenses in Raleigh are 2% lower than the national average, this significantly depends on the exact location, neighborhood, housing type, size, and more. The average home in Raleigh costs about $427,000, which is slightly higher than the national average.

As of March 2024, Raleigh home prices were up 5.1% compared to the previous year. On average, homes sell after only 16 days on the market, meaning you need to act fast if you want a home in one of Raleigh's best neighborhoods

There were about 3,734 homes sold in Wake County in January 2024. The choices for investing in real estate in Raleigh are abundant, whether you decide to rent or buy. However, if you are looking for cheaper or short-term living, the average rental price in Raleigh is $1,237 per month. This is slightly higher than the national average but still much more affordable than other major cities. 

The Raleigh area is strongly influenced by its position as a hub for technology, education, and research. As a result, Raleigh is predicted to experience significant economic and population growth through 2024. As a result, there will be a high demand for housing, although the total number of homes available in March 2024 was 22% lower compared to last year. 

Raleigh is currently a seller's market, meaning more people are looking to buy a home than there are homes available. There are still plenty of homes on the market, but prices may be higher, and their time on the market will be shorter. 

3. Income in Raleigh

The Wall Street Journal recently ranked Raleigh as the fifth hottest job market in America and one of the country's best places to start small business. With a median household income of $78,631 in Raleigh, it is one of the most affordable places to live in the country. 

According to the U.S. Bureau of Labor Statistics (BLS), the unemployment rate for people 16 years and older in Raleigh is 3.3%. The city has bounced back greatly since the COVID-19 pandemic in 2020, and job opportunities are projected to grow exponentially. 

As part of the Research Triangle, Raleigh has an abundance of tech and research jobs. Additionally, the University of North Carolina State is located in Raleigh, which brings in many jobs related to education. 

The poverty rate in Raleigh is 12.1%, 0.5% higher than the national poverty rate, which is 11.6%. In addition, the minimum wage is the same as the national average at $7.25 per hour. 

NC State Bell Tower

4. Cost of Living in Durham

The overall cost of living in Durham is 1% higher than the national average. However, housing is 9% higher, which is one of the biggest expenses. Again, this will vary greatly depending on where you live, your career, personal preferences, and your budget.

More specifically, compared to the national average, housing is 9% higher, utilities are 12% lower, groceries are the same, and transportation is 6% lower. With lower utilities, grocery, and transportation costs, you can expect to save a lot of money living in Durham. 

Here are some typical aspects of the cost of living according to Payscale.

Cost of Living Expense Average Cost
Median Home Price $490,142
Median Rent $1,490 / month
Energy Bill $155.96 / month
Phone Bill $167.77 / month
Gas $3.19 / gallon

Durham City Skyline

5. Housing Costs in Durham

Housing costs rise and fall in most areas, and the median home price in Durham is $490,142. This is much higher than the median home price in Raleigh. However, there are still plenty of affordable neighborhoods in Durham.

Similar to the median home price, the median rent is also higher in Durham at $1,490 per month. Typically, winter is the best time to buy a home as it is usually a buyer's market, and homes are priced lower. However, Durham is currently a seller's market, and homes tend to stay on the market for an average of 30 days. This does give you more time to find the perfect home than you would in Raleigh. 

Overall, there has been a -5.2% change in new listing, a -17.9% change in closed sales, and a +2.% change in median sales prices in Durham County in March 2024

The housing market in Durham has experienced fluctuations in value throughout the year so far, particularly when it comes to average sold prices. In March 2024, there are currently 495 homes on the market, slightly lower than the 646 on the market in March 2023. 

The good news is that if you are planning on buying a home in Durham, you may be able to get a reasonable price because half of the homes were sold below the asking price. Durham is a large city, and there is an abundance of homes available at more affordable prices.

6. Income in Durham

Durham is known for its strong job growth and high quality of life. With a median household income of $74,927 and a per capita income of $43,945 in 2022, Durham is a great place to move to if you are looking for a new job.

The poverty percentage is 11.1%, according to the U.S. Census. Many industries have seen significant growth in recent years as Durham has grown, including pharmaceutical and biopharmaceutical manufacturing, agricultural biotechnology, medical devices and diagnostics, healthcare, and information technology.

Durham is home to many large companies, including IBM, Biogen, Blue Cross Blue Shield of North Carolina, and Aisin. As the home of Duke University, there are many jobs for students and adults on campus. The largest employer in Durham is Duke University. 

No matter your expertise or experience, you can almost guarantee to find the perfect job in Durham. 

Duke University in Durham

7. Is It Cheaper to Live in Raleigh or Durham?

On average, Durham does tend to have a slightly higher cost of living than Raleigh. However, housing and rental prices are higher in Raleigh. If you are debating which city to move to, you will have many affordable options, but it will all depend on the location and housing market at the time. 

If you live in Durham, your utilities and groceries will be slightly higher than in Raleigh. Both cities are amazing for many reasons, and whether you decide to move to Raleigh or Durham, you cannot doubt that you'll find the perfect home. 

Durham City Skyline

Methodology

We used information and data from several different sources, as well as our own data, to determine everything you need to know about whether it is cheaper to live in Raleigh or Durham, NC. Most of the data was sourced from the following sources:

FAQ: Is It Cheaper to Live in Raleigh or Durham, NC

Here are a couple of commonly asked questions about whether it is cheaper to live in Raleigh or Durham, NC.

Is Raliegh or Durham more affordable?

On average, Durham is considered to be more affordable to live in because of the low housing inventory in Raleigh. However, most of the other cost of living factors are around the same price in both cities.

What are some of the differences between Durham and Raleigh?

The biggest difference between these two cities is the difference in population. As the state capital of North Carolina, Raleigh has a larger population and is home to many of the state offices and official buildings. 

How safe is downtown Durham?

Downtown Durham is one of the cleanest and safest cities in the country. Here, you will find many safe and affordable neighborhoods

Is Raleigh a walkable city?

Raleigh is a semi-walkable city, depending greatly on where you live. The downtown area is extremely walkable, but you will need a vehicle or public transportation option if you need to travel outside of the city. 

Where is it better to stay, Raleigh or Durham?

If you are planning a trip to the Triangle, tourists generally find there to be more to do in Raleigh than in Durham. Raleigh is much bigger and has more activities for visitors. However, Durham still has many museums, restaurants, sporting events, and more to enjoy when you visit. 

Is It Cheaper to Live in Raleigh or Durham, NC - The Bottom Line

Whether you decide to move to the capital or Bull City, you will find fun things to do, affordable housing, a friendly community, and so much more. Both are amazing places to live, and thousands of people are moving to each city every year. 

No matter where you decide to move to in the Triangle, your family will be surrounded by amenities and local favorites. Whether you are searching for a single-family home, townhome, condominium, or apartment complex, you are bound to find the perfect home in Raleigh or Durham

Before you buy your next home in the Triangle, feel free to contact one of our helpful real estate specialists, as they are eager to help you find the perfect home. We know that buying a home can be overwhelming, so make sure you are prepared beforehand.

WRITTEN BY
Ryan Fitzgerald
Ryan Fitzgerald
Realtor

Ryan Fitzgerald is a top Realtor®, founder and owner of Raleigh Realty, one of the Triangle’s fastest-growing and most innovative real estate brokerages. Driven by a mission to be the best—not the biggest—brokerage in Raleigh, Ryan has built Raleigh Realty into a firm known for its cutting-edge marketing, high-performing agents, and culture rooted in collaboration, growth, and excellence.

Raleigh Realty

Under Ryan’s leadership, Raleigh Realty has become a top boutique brokerage in Raleigh-Durham, serving clients across Wake County and the surrounding areas. Raleigh Realty stands apart for its:

  • Top-Tier Agents – Every Realtor on the team is hand-selected for their skill, professionalism, and client-first approach. Raleigh Realty isn’t about quantity—it’s about quality.

  • Award-Winning Website – RaleighRealty.com is consistently ranked among the best real estate websites with incredible user experience, cutting-edge IDX technology, and hyper-local guides that help buyers and sellers navigate the market.

  • Inbound Lead Generation – With a strong focus on SEO and digital marketing, the brokerage generates a steady flow of organic leads, giving agents the opportunity to grow thriving businesses.

  • Supportive Culture – Ryan emphasizes mentorship, accountability, and autonomy—no micromanaging, just the right systems and tools for agents to succeed.

  • Community Focus – From neighborhood spotlights to relocation guides, Raleigh Realty is committed to being a resource for both buyers and sellers as they make one of life’s biggest decisions.

The firm continues to expand its reach, with the goal of 100 agents and $1 billion in annual sales volume by 2030—all while staying true to its boutique, client-centered values.

Awards & Recognition

Ryan already has notable public credentials and prestige:

  • He has been featured in outlets such as Forbes, Wall Street Journal, U.S. News, among others (as mentioned on the site).

  • Realtor Magazine named him a “Top 30 Under 30” in the country (as noted on his Raleigh Realty page).

  • Raleigh Realty is widely acknowledged in the local real estate community for its digital prowess and thought leadership.

  • The company is consistently ranked among the top real estate firms in Raleigh and is known for having one of the highest-traffic real estate websites in the region.

Community Involvement & Giving Back

Ryan’s leadership extends far beyond the closing table. He has built Raleigh Realty to be a company that actively gives back to the community and invests in making Raleigh a better place to live.

  • The Green Chair Project – Ryan and Raleigh Realty proudly support The Green Chair Project, a local nonprofit that provides essential furnishings and household items to families transitioning out of homelessness, crisis, or disaster. By partnering with this organization, Ryan helps ensure families have the comfort and dignity of a furnished home.

  • Food Donations & Drives – Raleigh Realty regularly organizes and contributes to food donation efforts, partnering with local pantries and organizations to help fight food insecurity across Wake County. These efforts bring agents, clients, and neighbors together to support those in need.

  • Local Events & Client Appreciation – Raleigh Realty hosts family-friendly gatherings such as pumpkin patch outings, coffee + donut socials, and seasonal celebrations designed to strengthen neighborhood bonds.

  • Supporting Schools & Youth Programs – Ryan partners with local schools and youth organizations to provide resources, sponsorships, and mentorship opportunities, ensuring that the next generation has access to growth and guidance.

  • Small Business Advocacy – Raleigh Realty proudly highlights and partners with local small businesses, amplifying their visibility and reinforcing Raleigh’s reputation as a vibrant place to live and work.

For Ryan, success is measured not just in sales, but in the lasting relationships and community impact Raleigh Realty leaves behind.

AgentLoft – Powering the Next Generation of Realtors

Ryan is also the visionary behind AgentLoft, a SaaS platform designed to help Realtors nationwide build their brand and generate leads. AgentLoft websites combine IDX technology, SEO expertise, and AI integration to give agents the competitive edge they need.

Personal Mission

As a proud father to his daughter Emma, Ryan’s mission is bigger than business. He’s dedicated to building a brokerage and a platform that create opportunity and stability for families, clients, and agents alike. His approach blends entrepreneurship with empathy—ensuring that Raleigh Realty continues to grow not just in sales volume, but in reputation, trust, and impact.


👉 Whether you’re buying or selling a home, or you’re a Realtor looking for the right brokerage to grow your business, Raleigh Realty—under Ryan Fitzgerald’s leadership—offers the expertise, technology, and community-minded culture to help you succeed.

Chapters
01
Cost of Living in Raleigh
02
Housing Costs in Raleigh
03
Income in Raleigh
04
Cost of Living in Durham
05
Housing Costs in Durham
06
Income in Durham
07
Is It Cheaper to Live in Raleigh or Durham?

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