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Cost of living: Raleigh, NC vs Milwaukee, WI (2024)

Quick answer

Overall prices in the Raleigh, NC metro were 98.2 vs 96.9 in Milwaukee, WI in 2024 (US = 100), so Raleigh is 1.3% more expensive than Milwaukee; housing rents differ by 7% (103.5 vs 97.1). A $75,000 income in Raleigh buys about what $74,068 buys in Milwaukee, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)RaleighMilwaukeeRaleigh vs Milwaukee
All items98.296.9+1.3%
Goods96.693.8+3.0%
Housing (rents)103.597.1+6.6%
Utilities89.091.6-2.9%
Other services98.299.4-1.2%
All items, 200897.097.7-0.7%
$50,000 in Raleigh equals in Milwaukee$49,379
$100,000 in Raleigh equals in Milwaukee$98,757
$150,000 in Raleigh equals in Milwaukee$148,136

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Last updated 2026-10-16. Data only, not financial or tax advice.

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