Raleigh vs Billings

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: North Carolina salaries · Montana salaries

Living in Raleigh vs Billings

Housing is typically the biggest factor in any cost-of-living comparison. Raleigh has a housing index of 107 while Billings sits at 93 (national average = 100). The median home in Raleigh costs $370,000 compared to $310,000 in Billings, a difference of $60,000. Monthly rent follows a similar pattern: $1,500 in Raleigh versus $1,200 in Billings.

Groceries and everyday expenses show a narrower gap: Raleigh scores 100 while Billings scores 99. Both cities are close to the national average for grocery costs.

Healthcare costs in Raleigh (108) are higher than Billings (102).

Median household income in Raleigh is $67,266 compared to $55,438 in Billings. When adjusted for cost of living, income goes further in Billings.

Relocating: Raleigh vs Billings

If you are considering a move between Raleigh (index: 102) and Billings (index: 98), the 4% cost difference has real implications for your budget. Billings is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Raleigh can afford $1,570/month, while the median household in Billings can afford $1,294/month. With median homes at $370,000 in Raleigh versus $310,000 in Billings, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,500/month in Raleigh and $1,200/month in Billings, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Billings where costs are 2% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Raleigh (102) vs Billings (98)

The cost of living index uses 100 as the national average. Raleigh at 102 is 2% above the US average, while Billings at 98 is 2% below average. Both cities are close to the national average in overall costs.

Raleigh and Billings land within 4 points of each other on the composite index (102 vs 98), so the overall cost picture is similar. Housing shows the widest single-category margin at 107 versus 93, making it the area where residents will feel the most day-to-day price difference between Raleigh and Billings. Housing, the largest line item for most households, favors Billings with indices of 93 versus 107. Median home prices of $370,000 in Raleigh and $310,000 in Billings underscore this gap. Neither city is cheaper across the board: Raleigh has an edge in transportation, while Billings is more affordable for housing and groceries. Your actual savings depend on which categories consume the biggest share of your personal budget.

For renters: With median rents of $1,500/month in Raleigh and $1,200/month in Billings, the annual rent difference is approximately $3,600. Over a 5-year period, that compounds to $18,000 in savings by choosing the more affordable city.

For homebuyers: The $60,000 difference in median home prices between Raleigh and Billings translates to roughly $3,600 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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