Raleigh vs Austin: Cost of Living & Housing Comparison
Raleigh's median home value is $347,000 — 25% lower than Austin's $461,500.
Median household income is $78,631 in Raleigh versus $86,556 in Austin.
Typical rent runs $1,371 in Raleigh and $1,549 in Austin.
| Metric | Raleigh, NC | Austin, TX |
|---|---|---|
| Population | 465,517 | 958,202 |
| Median home value | $347,000 | $461,500 |
| Median household income | $78,631 | $86,556 |
| Median gross rent | $1,371 | $1,549 |
| Climate risk (FEMA) | Relatively High | Relatively High |
On housing costs, Raleigh, NC looks more affordable than Austin, TX — lower median home value and rent. This reflects housing only, not total cost of living.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.