Here is a breakdown of some of the key expenses:
Housing:
- Rent for a one-bedroom apartment in the city center: $1,000-$1,500 per month
- Rent for a two-bedroom apartment in the city center: $1,500-$2,000 per month
- Median home price: $275,000
Transportation:
- Monthly public transportation pass: $65
- Gas: $3.20 per gallon
Food:
- Cost of groceries for a single person: $250- $300 per month
- Eating out at a casual restaurant: $15-$25 per person
Utilities:
- Electricity: $95-$125 per month
- Water: $40-$65 per month
- Internet and Cable TV: $50-$90 per month
Entertainment:
- Movie ticket: $11
- Concert ticket: $50- $70
Overall:
The estimated cost of living for a single person in Raleigh, NC can range from $1,500 to $2,500 per month, excluding rent or mortgage costs, depending on personal spending habits.