New York, NY vs Raleigh, NC
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Raleigh runs $378,000 versus $752,000 in New York, a 50% gap that dominates most relocation math. State income-tax burden also tilts toward Raleigh — a top rate of 4.5% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$377,800 ✓
Zillow Home Value
$812,534
$428,831
Median Gross Rent
$1,779/mo
$1,468/mo ✓
Owner Occupied %
32.8%
51.2%
Price-to-Rent Ratio
35.2x
21.4x
Median Household Income
$79,713
$82,424 ✓
Per Capita Income
$50,776
$49,948
Unemployment Rate
7.7%
4.5% ✓
Poverty Rate
17.4%
11.4%
Avg Commute (min)
44.8 min
25.2 min
Drove Alone %
21.9%
65.1%
Public Transit %
45.5%
1.3%
Work From Home %
15.0%
23.4%
State Income Tax
10.9%
4.5%
Total Sales Tax
8.5%
7.0% ✓
Property Tax Rate
1.7%
0.8%
Bachelor's Degree %
23.6%
32.5%
Median Age
38
34.7
Avg High Temp
62.6°F
72.0°F
Annual Precipitation
49.5"
46.1"
Annual Snowfall
29.8"
5.2"
New York, NY 0 wins
Raleigh, NC 5 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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