Raleigh vs Missoula

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 Missoula

Housing is typically the biggest factor in any cost-of-living comparison. Raleigh has a housing index of 107 while Missoula sits at 141 (national average = 100). The median home in Raleigh costs $370,000 compared to $460,000 in Missoula, a difference of $90,000. Monthly rent follows a similar pattern: $1,500 in Raleigh versus $1,400 in Missoula.

Groceries and everyday expenses show a narrower gap: Raleigh scores 100 while Missoula scores 103. Both cities are close to the national average for grocery costs.

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

Median household income in Raleigh is $67,266 compared to $49,234 in Missoula. When adjusted for cost of living, income goes further in Raleigh.

Relocating: Raleigh vs Missoula

If you are considering a move between Raleigh (index: 102) and Missoula (index: 115), the 11% cost difference has real implications for your budget. Raleigh 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 Missoula can afford $1,149/month. With median homes at $370,000 in Raleigh versus $460,000 in Missoula, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,500/month in Raleigh and $1,400/month in Missoula, 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 significantly further in Raleigh. 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 Missoula (115)

The cost of living index uses 100 as the national average. Raleigh at 102 is 2% above the US average, while Missoula at 115 is 15% above average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.

A 13-point index spread separates Missoula from Raleigh, a moderate gap that adds up across monthly bills but is manageable with a typical dual-income household budget. The biggest category divergence is housing, where Raleigh scores 107 and Missoula scores 141. That 34-point gap is the primary driver of the overall cost difference between these two metros. Housing, the largest line item for most households, favors Raleigh with indices of 107 versus 141. Median home prices of $370,000 in Raleigh and $460,000 in Missoula underscore this gap. Neither city is cheaper across the board: Raleigh has an edge in housing and groceries, while Missoula is more affordable for utilities and healthcare. 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 $1,400/month in Missoula, the annual rent difference is approximately $1,200. Over a 5-year period, that compounds to $6,000 in savings by choosing the more affordable city.

For homebuyers: The $90,000 difference in median home prices between Raleigh and Missoula translates to roughly $5,400 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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