Norfolk, VA vs Raleigh, NC
Cost of Living Comparison
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Equivalent Salary
$100,000 in Norfolk, VA = $97,261 in Raleigh, NC
Buying power is -2.7% lower in Raleigh, NC
Median Rent
$1,246 vs $1,468
17.8% higher in Raleigh, NC
Median Income
$64,017 vs $82,424
28.8% higher in Raleigh, NC
Home Value
$271,900 vs $377,800
38.9% higher in Raleigh, NC
Price Level
100.7 vs 98.0
US avg = 100
Salary Needed for Median Rent
$49,800 vs $58,700
30% of gross income guideline
Rent as % of Income
23.4% vs 21.4%
Lower is more affordable