Raleigh is a big city located in the state of North Carolina. The city has a population of 441,326 people. In Raleigh, there are 3,042 people per square mile, which is well above the national population density average. With an average age of 33 years old, Raleigh could be a great place to live for young adults as this age is well below the national average.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a great experience if you are willing to get to know the city before actually living in Raleigh, North Carolina. To help you find the best places to live in and around Raleigh, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, weather, education and more.
The livability score in Raleigh is 78/100 and the city is ranked in the 90th percentile of all cities across America. Pack your bags! This is a very high score in comparison to other US cities. Living in Raleigh could be a great choice! Raleigh also ranks in the top 10 percent of all cities, which is no small feat! If we take a closer look at each of the categories on their own, we see that Raleigh ranks well for amenities (A+), weather (B-) and housing (B-). There are some categories that Raleigh does not rank well for, including: cost of living (D). It might be worth taking a closer look to determine why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Raleigh, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: North Carolina Museum of Art, Museum of Natural Sciences, and Pullen Park.
The Raleigh unemployment rate (1.33%) has continued to decrease over the years and is now well below the national average. Finding a new job in the area might just be easier than you thought!
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Raleigh. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Raleigh are affordable. The median home price for Raleigh homes is $218,200, which is 38.9% higher than the North Carolina average. If we take a closer look at the affordability of homes in Raleigh, we’ll see that the home price to income ratio is 3.7, which is 12.1% higher than the North Carolina average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Raleigh area were 5.9% and 5 year appreciation rates were 5.8%.