Quick answer
Overall prices in the Phoenix, AZ metro were 103.3 vs 98.2 in Raleigh, NC in 2024 (US = 100), so Phoenix is 5.3% more expensive than Raleigh; housing rents differ by 17% (121.2 vs 103.5). A $75,000 income in Phoenix buys about what $71,255 buys in Raleigh, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Phoenix | Raleigh | Phoenix vs Raleigh |
|---|---|---|---|
| All items | 103.3 | 98.2 | +5.3% |
| Goods | 95.0 | 96.6 | -1.7% |
| Housing (rents) | 121.2 | 103.5 | +17.2% |
| Utilities | 93.3 | 89.0 | +4.9% |
| Other services | 104.0 | 98.2 | +5.9% |
| All items, 2008 | 105.7 | 97.0 | +9.0% |
| $50,000 in Phoenix equals in Raleigh | $47,503 | ||
| $100,000 in Phoenix equals in Raleigh | $95,007 | ||
| $150,000 in Phoenix equals in Raleigh | $142,510 |
Related
- Cost of living: Phoenix, AZ vs Pittsburgh, PA (2024)
- Cost of living: Phoenix, AZ vs Portland, OR (2024)
- Cost of living: Phoenix, AZ vs Providence, RI (2024)
- Cost of living: Phoenix, AZ vs Richmond, VA (2024)
- Cost of living: Phoenix, AZ vs Riverside, CA (2024)
- Cost of living: Phoenix, AZ vs Sacramento, CA (2024)
- Cost of living: Phoenix, AZ vs Salt Lake City, UT (2024)
- Cost of living: Phoenix, AZ vs San Antonio, TX (2024)
Last updated 2026-10-16. Data only, not financial or tax advice.