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Economy, jobs and prices in Raleigh, North Carolina: official figures

The median household income in Raleigh was $85,395 a year in the 2020-2024 American Community Survey (in 2024 dollars), 364th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the North Carolina median $72,388.

Median household income
$85,395
2020-2024
Unemployment rate (ACS)
4.4%
2020-2024
Mean travel time to work
23.0 min
2020-2024
Median gross rent (monthly)
$1,572
2020-2024
Median home value (owner-occupied)
$415,800
2020-2024
Homes occupied by their owners
50.7%
2020-2024
Households with a broadband subscription
94.7%
2020-2024

What is the per capita income in Raleigh?

Income per resident (per capita income) in Raleigh averaged $52,897 a year in 2020-2024, 174th highest of 823 US cities of 50,000 or more (US: $44,673; North Carolina: $41,385).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Raleigh?

Raleigh's Gini index of household income inequality was 0.484 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 167th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Raleigh, North Carolina?

4.4% of the civilian labor force in Raleigh was unemployed on average over 2020-2024 (12,345 people), 242nd lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and North Carolina's 4.7%.

Source: U.S. Census Bureau · saved copy

What share of people in Raleigh are working?

70.9% of Raleigh's 396,245 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 121st highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Raleigh have jobs?

268,248 residents of Raleigh held civilian jobs, 67.7% of those aged 16 and over (US: 59.7%), and 231 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Raleigh?

The largest industry group for working residents of Raleigh was professional, scientific, management and administrative services (20.9% of employed residents), followed by education, health care and social assistance (20.7%) and retail trade (9.7%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Raleigh work in manufacturing?

Manufacturing employed 7.6% of working residents of Raleigh, 313th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 20.9% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Raleigh, North Carolina?

Commuters in Raleigh took 23.0 minutes on average to get to work in 2020-2024, 320th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 3.8% travelled an hour or more and 24.2% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Raleigh get to work?

25.8% of workers living in Raleigh worked from home in 2020-2024, 95th highest of 823 US cities of 50,000 or more (US: 15.1%). 62.3% drove to work alone, 6.7% carpooled, 1.4% used public transport and 1.6% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Raleigh, North Carolina?

The median gross rent (rent plus utilities) in Raleigh was $1,572 a month in 2020-2024, 398th lowest of 823 US cities of 50,000 or more (US: $1,413; North Carolina: $1,228).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Raleigh?

Owner-occupied homes in Raleigh had a median value of $415,800 in 2020-2024 as estimated by their owners, 371st highest of 823 US cities of 50,000 or more (US: $332,700; North Carolina: $288,900).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Raleigh?

The median home value in Raleigh was 4.9 times the median household income, 378th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Raleigh, North Carolina own their home?

50.7% of the 203,443 occupied homes in Raleigh were lived in by their owners in 2020-2024 and 100,202 were rented, 226th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; North Carolina: 66.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Raleigh have broadband?

94.7% of households in Raleigh had a broadband internet subscription of some type in 2020-2024, 223rd highest of 823 US cities of 50,000 or more (US: 91.0%; North Carolina: 90.1%).

Source: U.S. Census Bureau · saved copy

How many households in Raleigh have no internet?

3.0% of households in Raleigh (6,072) had no internet access at home in 2020-2024, 195th lowest of 823 US cities of 50,000 or more (US: 6.5%); 8.5% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Raleigh compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Raleigh ranks 364 of 823, highest first.

RankCityMedian household income (2024 dollars)
361Pasco$85,586
362Westminster$85,541
363Bellevue$85,462
364Raleigh$85,395
365Everett$85,218
366Pembroke Pines$85,104
367Fort Collins$85,070
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Raleigh ranks 174 of 823, highest first.

RankCityPer capita income (2024 dollars)
171Holly Springs$53,656
172League City$53,114
173Lincoln$53,082
174Raleigh$52,897
175Sandy$52,871
176Portland$52,781
177Tinley Park$52,743
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Raleigh ranks 167 of 823, highest first.

RankCityGini index of household income inequality
164Camden0.485
165Redwood City0.485
166Kalamazoo0.485
167Raleigh0.484
168Urban Honolulu0.484
169Union City0.483
170Savannah0.483
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Raleigh ranks 582 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
579Lawrence4.4%
580Milford4.4%
581Mooresville4.4%
582Raleigh4.4%
583St. Clair Shores4.4%
584Castle Rock4.4%
585Troy4.4%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Raleigh ranks 121 of 823, highest first.

RankCityLabor force participation rate (16 and over)
118Nashua70.9%
119Frederick70.9%
120South Jordan70.9%
121Raleigh70.9%
122Arvada70.8%
123Dublin70.7%
124Taylorsville70.7%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Raleigh ranks 504 of 823, highest first.

RankCityMean travel time to work (minutes)
501Hartford23.1
502Lakeland23.1
503Lawrence23.0
504Raleigh23.0
505Camarillo23.0
506Meriden23.0
507Norfolk23.0
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Raleigh ranks 95 of 823, highest first.

RankCityWorkers who worked from home
92Gilbert26.1%
93Bowie26.0%
94Gaithersburg26.0%
95Raleigh25.8%
96Wheaton25.7%
97Santa Clara25.7%
98Olympia25.6%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Raleigh ranks 355 of 823, highest first.

RankCityWorkers commuting by public transportation
352Baton Rouge1.4%
353Normal1.4%
354Barnstable Town1.4%
355Raleigh1.4%
356Eau Claire1.4%
357Augusta1.4%
358Huntersville1.4%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Raleigh ranks 511 of 823, highest first.

RankCityEmployed residents working in manufacturing
508Kyle7.6%
509Trenton7.6%
510Houston7.6%
511Raleigh7.6%
512Herriman7.5%
513Delano7.5%
514New Braunfels7.5%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Raleigh ranks 602 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
599San Leandro20.7%
600West Sacramento20.7%
601Indio20.7%
602Raleigh20.7%
603Pflugerville20.7%
604Gardena20.7%
605Rocky Mount20.7%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Raleigh ranks 426 of 823, highest first.

RankCityMedian gross rent per month
423Bellingham$1,577
424Portland$1,577
425Hemet$1,575
426Raleigh$1,572
427Manchester$1,564
428Las Vegas$1,563
429Suffolk$1,563
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Raleigh ranks 371 of 823, highest first.

RankCityMedian value of owner-occupied homes
368Maple Grove$418,300
369Medford$417,100
370Salem$416,900
371Raleigh$415,800
372Lawrence$415,200
373Milford$415,200
374Arlington Heights$414,500
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Raleigh ranks 375 of 820, highest first.

RankCityMedian home value as a multiple of median household income
372Ogden4.9x
373Hillsboro4.9x
374Iowa City4.9x
375Raleigh4.9x
376Clovis4.9x
377South Jordan4.9x
378Parker4.8x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Raleigh ranks 598 of 823, highest first.

RankCityOccupied homes lived in by their owners
595Augusta50.8%
596Gaithersburg50.8%
597Vancouver50.8%
598Raleigh50.7%
599Richardson50.7%
600Alameda50.7%
601Akron50.7%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Raleigh ranks 223 of 823, highest first.

RankCityHouseholds with a broadband subscription
220Draper94.7%
221San Buenaventura (Ventura)94.7%
222Somerville94.7%
223Raleigh94.7%
224Marysville94.6%
225Rio Rancho94.6%
226San Rafael94.6%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Raleigh ranks 629 of 823, highest first.

RankCityHouseholds with no internet access
626Palm Beach Gardens3.0%
627Plainfield3.0%
628Hoffman Estates3.0%
629Raleigh3.0%
630Seattle3.0%
631Nampa3.0%
632Oceanside3.0%
Source: U.S. Census Bureau · saved copy

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Sources

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