New York vs Raleigh-Cary
Cost of Living Comparison
New York
To match your lifestyle in Raleigh-Cary, you'd need:
$42,554
The Verdict
Cost of Living Index
Purchasing Power
Raleigh-Cary
To match your lifestyle in New York, you'd need:
$114,028
The Bottom Line
On a $70,000 salary, you would have $14,589 more per year in Raleigh-Cary compared to New York. You'd pay $669 less in taxes in Raleigh-Cary, while housing costs 40% less. The cost of living in New York is 50% above avg, while Raleigh-Cary is 4% above avg, making Raleigh-Cary the more affordable city overall. Your $70,000 salary in New York feels like earning $42,554 in Raleigh-Cary once you factor in taxes, rent, and cost of living. For K-12 education, Raleigh-Cary has a better pupil-teacher ratio (0:1 vs 0:1). College is more affordable in Raleigh-Cary ($19,246 vs $15,088 avg in-state tuition).
K-12 Schools
Colleges & Universities
Frequently Asked Questions
Is New York or Raleigh-Cary more expensive?
New York is more expensive with a cost of living index of 149.7 vs 104.0 (national average = 100).
What salary in Raleigh-Cary equals $70,000 in New York?
You would need to earn approximately $42,554 in Raleigh-Cary to maintain the same purchasing power as a $70,000 salary in New York, after accounting for taxes, rent, and cost of living differences.
How much is rent in New York vs Raleigh-Cary?
Average annual rent for a 2-bedroom apartment is $34,920 in New York and $21,000 in Raleigh-Cary—housing is 40% less in Raleigh-Cary.