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What's the Cost of Living in Apex, NC?

Ryan FitzgeraldRyan Fitzgerald
Jun 24, 2025 9 min read
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What's the Cost of Living in Apex, NC?
Chapters
01
Overall Cost of Living in Apex 
02
Income Levels 
03
Housing Costs
04
Food and Grocery Costs
05
Utility Costs 
06
Transportation Costs 
07
Planning Your Budget
08
Economic Future of Apex 
09
Find Your Dream Home in Apex, NC

What's the Cost of Living in Apex, NC?

Is Apex, NC, an expensive place to live? Here is what you need to know about the cost of living in Apex. 

Nestled in the heart of the Research Triangle region, Apex, North Carolina, has earned its nickname as "The Peak of Good Living" for good reason. This thriving suburb offers an exceptional quality of life, top-rated schools, and convenient access to the employment opportunities of Raleigh, Durham, and Chapel Hill.

Apex is a great place to call home. It offers a quiet way of life and plenty of southern charm. With a pedestrian-friendly downtown area, Apex is one of the best places to live in Wake County. 

With a growing population of 72,225, people from all over the country decide to relocate to Apex in search of beautiful real estate, top-rated schools, and high-paying tech jobs. 

Considered one of the safest cities in North Carolina, many families, young professionals, and retirees are choosing to move to Apex. Offering a mixture of well-established neighborhoods and new construction, living in Apex provides its residents with many benefits. 

But what does it cost to call Apex home? If you're considering a move to this sought-after community, understanding the financial landscape is crucial for making an informed decision. 

Keep reading to learn about what it costs to live in Apex. 

1. Overall Cost of Living in Apex 

The cost of living in Apex is 3% higher than the national average. Within North Carolina, Apex sits in the upper tier of living costs but remains competitive with other desirable communities within the Research Triangle. 

Like Morrisville, Holly Springs, and other Raleigh suburbs, Apex's living costs are slightly above average but less expensive than those in exclusive areas in Downtown Raleigh and Wake County. 

Here are some typical expenses and cost of living averages in Apex, NC: 

Cost of Living Item  Average Price 
Median Rent  $1,684/month
Energy Bill  $186.25/month
Phone Bill  $175.55/month 
Loaf of Bread  $3.97 
Gallon of Milk $4.72
Doctor's Visit  $164.92
Dentist Visit  $134.62

*Data Sourced from Payscale

While initial costs may seem high, appreciating property values, excellent schools, and stable employment create long-term financial benefits.

Residents consistently report high satisfaction levels, suggesting the cost premium delivers tangible lifestyle improvements that justify the investment.

Walkable and colorful downtown Apex, NC on a sunny day

The community delivers premium amenities and services that would cost significantly more in other markets: 

Educational Value: Apex's schools consistently rank in the top 10% statewide. Private school alternatives offering similar quality would cost $15,000-25,000 annually per child, representing massive savings for families.

Safety Premium: With crime rates below national averages, residents save on security systems, higher insurance premiums, and replacement costs associated with theft or vandalism, which are common in other areas.

Recreation Access: The town maintains over 30 parks, greenways, and recreational facilities. Comparable private club memberships elsewhere could cost $200-500 monthly per family.

Infrastructure Quality: Well-maintained roads, reliable utilities, and excellent emergency services reduce unexpected costs and disruptions common in other communities.

2. Income Levels 

One of Apex's most attractive features is its high income potential, which helps offset the higher living costs. The median household income in Apex is $138,442 per year, with an average annual household income of $166,754. This significantly exceeds the national median household income of $79,466.

The employment market is equally strong, with unemployment at just 2.6%, well below national averages. This economic stability, combined with proximity to Research Triangle Park and major universities, creates abundant opportunities for career growth and high-paying positions.

3. Housing Costs

Housing represents the largest expense for Apex residents, reflecting the area's desirability and limited inventory. Current market conditions show varied pricing depending on the housing type, home size, and neighborhood location. 

Apex's current median list price is $736,140, and the cost per square foot is $263. Most homes stay on the market for 37 days, indicating a seller's market. 

The wide range in home prices reflects Apex's diverse neighborhoods. Popular areas like Abbington feature homes ranging from the mid-$800s to mid-$900s.  Luxury developments like Bella Casa command premium prices due to their proximity to amenities like the Beaver Creek shopping center.

Apex offers various options for renters, including apartments and single-family homes. The rental market in Apex tends to be competitive due to the area's popularity among young professionals and families relocating for work in the Research Triangle.

4. Food and Grocery Costs

Food costs in Apex present a mixed but generally favorable picture for residents. The average price of groceries is similar to the national average, with monthly food/grocery costs averaging around $500.

This grocery advantage likely reflects the competitive retail environment in the Research Triangle area, with multiple grocery chains and wholesale clubs providing options for budget-conscious shoppers.

The average dinner cost for two people is $60, which aligns with expectations for an affluent suburban community. Apex's growing restaurant scene offers everything from casual family dining to upscale establishments, providing options for various budgets and preferences.

5. Utility Costs 

Apex residents benefit from municipal utility services provided by the town, which help keep costs reasonable and service quality high. The Town provides most households and businesses with water, sewer, and electric services.

Tall Apex water tower surrounded by beautiful trees, greenery, and the street

Water

The town of Apex provides water for its many residents. Apex sources water from Jordan Lake, part of the Cape Fear River Basin. Apex uses a tier system to determine the cost of water services. 

Here are the water rates in Apex: 

Amount Inside Town Limits Outside Town Limits
Base charge $6.24 $12.48
Tier 1: 0-6,000 gal $4.60 $9.20
Tier 2: 6,001-12,000 gal $5.29 $10.58
Tier 3: > 12,000 gal $7.13 $14.26

*Data sourced from the Town of Apex

Electricity

While there are many electric providers, the Apex electric department provides electricity to most of the area. The Apex electric department charges a residential $26.50 base charge and a $0.1133 per kWh electric charge. 

The average monthly electric bill for residential customers is $190. This rate is competitive compared to many other areas in North Carolina and reflects the town's commitment to providing affordable, reliable power.

6. Transportation Costs 

Transportation represents a bright spot in Apex's cost structure. Transportation expenses like bus fares and gas prices are 8% lower than the national average. This advantage stems from several factors, including location and walkability. 

The town's location provides excellent highway access to major employment centers, reducing commute times and fuel costs. US-1, NC-55, and proximity to I-540 make commuting to Raleigh, Durham, or Chapel Hill manageable.

Many residents find their commute costs offset by higher wages in the Research Triangle job market. The average commute time to work in Apex is 26.9 minutes. However, the toll road halves the commute to Research Triangle Park.

Additionally, Apex's compact downtown and well-planned neighborhoods make local errands and activities easily walkable or bikeable, reducing daily transportation needs.

GoApex is a free transportation service that was launched in July 2022. It is accessible to the public and runs Monday through Saturday from 6 AM to 10 PM, except on certain holidays. The town of Apex also provides regional routes that can take you all over the Triangle area.

Annie's Pizzeria building at an intersection in Downtown Apex, NC

7. Planning Your Budget

Many residents find their incomes grow faster in Apex due to proximity to Research Triangle opportunities, often offsetting cost increases within two to three years of moving.

While initial costs may seem high, appreciating property values, excellent schools, and stable employment create long-term financial benefits.

Residents consistently report high satisfaction levels, suggesting the cost premium delivers noticeable lifestyle improvements that justify the investment.

For families considering a move to Apex, here's a realistic budget framework based on current data:

Housing: Plan for 25-35% of gross income, whether renting or buying. With median incomes of $138,442, this translates to $2,890-$4,040 monthly for housing.

Utilities: Budget approximately $250-300 monthly for electric, water, and sewer services.

Transportation: Factor $300-500 monthly for car payments, insurance, gas, and maintenance, taking advantage of the below-average transportation costs.

Food: Allocate $500-700 monthly for groceries, plus a dining out budget based on your preferences.

Total Living Costs: A family earning the median income should budget $4,000-5,500 monthly for basic living expenses, leaving substantial room for savings, entertainment, and quality-of-life expenditures.

large single-family home in a suburban neighborhood with black shutters and large front yard with driveway

8. Economic Future of Apex 

Apex's cost of living reflects current amenities and economic stability that protects residents from cost fluctuations. Many factors contribute to the town's strong economy and make Apex a great place to live outside Raleigh. 

The local economy remains resilient during economic downturns, and major employers are found in the technology, healthcare, education, and government sectors. This employment diversity attracts residents from all over the country with different backgrounds and professions. 

Home values have appreciated steadily over the past decade, providing homeowners with growing equity that offsets living costs. As more people move to the area and more housing is built, the Apex housing market will continue strengthening. 

The Town of Apex is focusing on advancing its infrastructure. Ongoing investments in utilities, transportation, and amenities suggest costs will remain competitive while services improve over the next few years. 

quiet suburban street in a walkable downtown area with sidewalks and homes with front porches

Methodology 

The cost of living in Apex, NC, was determined using data from Payscale and the U.S. Census Bureau

FAQ

Is it expensive to live in Apex, NC?

The cost of living in Apex, NC, is 3% higher than the national average. While the average mortgage payment is higher than the national average, goods and services are generally lower.

Is Apex, NC, an excellent place to live?

Apex is one of the best places to live in North Carolina for its affordable real estate, job opportunities, and high safety rating. 

What is the average household income in Apex, NC? 

The median household income in Apex, NC, as of June 2025, is $138,442. This is above the national average of $79,446.

Find Your Dream Home in Apex, NC

Apex offers a premium lifestyle with costs above the national average. Still, the community's exceptional income levels, economic stability, and quality of life make it an attractive and attainable choice for many families. Combining high wages, reasonable utility costs, and competitive grocery prices helps balance the higher housing expenses.

For professionals and families prioritizing excellent schools, safe neighborhoods, recreational amenities, and career opportunities, Apex represents an investment in long-term quality of life. The town's continued growth and development suggest that property values and economic opportunities will remain strong, making it a great place to live and a sound financial decision.

Whether you're relocating for work in the Research Triangle or seeking a family-friendly community with small-town charm and big-city conveniences, Apex's cost of living reflects the premium lifestyle and opportunities it provides. With proper planning and realistic expectations, most middle to upper-middle-class families will find Apex accessible and rewarding. 

Contact the experts at Raleigh Realty to start your home search in Apex, North Carolina. 

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
Overall Cost of Living in Apex 
02
Income Levels 
03
Housing Costs
04
Food and Grocery Costs
05
Utility Costs 
06
Transportation Costs 
07
Planning Your Budget
08
Economic Future of Apex 
09
Find Your Dream Home in Apex, NC

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