Dec 7, 2023 - News

The Triangle's cost of living compared to the rest of the U.S.

Cost-of-living index, Q3 2023
Data: The Council for Economic and Social Research; Note: Map only shows urban areas with more than 100,000 people; Map: Kavya Beheraj/Axios

While the Triangle has increasingly become more expensive, its cities still remain cheaper than the national average, according to the Council for Community and Economic Research.

Why it matters: The region is a magnet for relocations from other high-cost metro areas, but a rising cost of living has created a larger burden on existing area households.

Driving the news: Each quarter, the Council for Community and Economic Research assembles a cost-of-living index designed to measure "regional differences in the cost of consumer goods and services."

How it works: An index value of 100 represents the national average cost of living across 269 cities.

By the numbers: Raleigh's cost-of-living index value for the third quarter of the year was 96.8.

  • Durham's was 98.7.
  • In comparison, that's well below places like Manhattan (227.8), San Francisco (169.5), Boston (148), or Washington, D.C. (145.3).

Yes, but: Raleigh and Durham residents are paying more than the national average for things like groceries and health care.

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