Is Raleigh, NC cheaper than Inver Grove Heights, MN?

Based on cost of living data, Raleigh, NC is 3.1% cheaper than Inver Grove Heights, MN. This translates to saving $233 per month.

What salary do I need in Raleigh, NC to live like I do in Inver Grove Heights, MN?

If you earn $150,000 in Inver Grove Heights, MN, you'd need approximately $147,202.163 in Raleigh, NC to maintain the same standard of living.

How does housing cost compare between Inver Grove Heights, MN and Raleigh, NC?

Housing in Raleigh, NC is 6.5% more expensive than in Inver Grove Heights, MN. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC compared to $1,135/month in Inver Grove Heights, MN.

How much can I save per month by moving from Inver Grove Heights, MN to Raleigh, NC?

Moving from Inver Grove Heights, MN to Raleigh, NC could save you approximately $233 per month, or $2798 per year, based on a $150,000 salary.

Inver Grove Heights, MN vs Raleigh, NC: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Inver Grove Heights, MN — COL adjusted from Saint Paul, MN area + state data

Current salary in Inver Grove Heights, MN

Numbers update automatically as you type

You'd save $233/month moving to Raleigh, NC

$150.0K in your current city equals $147.2K in Raleigh, NC

Rent data from HUD ZIP-level estimates · COL index from Minneapolis-St. Paul-Bloomington, MN-WI area

Overall Cost

↓ 3.1%

Less expensive

Monthly Impact

$233

Savings

Annual Impact

$2.8K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Inver Grove Heights, MN

Population:36K

Cost Index:100

Median Home:$274K

Raleigh, NC

Population:474K

Cost Index:97

Median Home:$512K

Inver Grove Heights, MN

The North Star State

36K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 36K residents.

Raleigh, NC

The Tar Heel State

474K

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Research Triangle
•State capital
•Major university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: Inver Grove Heights, MN vs Raleigh, NC

Category	Inver Grove Heights, MN	Raleigh, NC	Difference	Change
🏠Housing	$2,319/mo	$2,469/mo	↑ $150more	6.5%
🏥Healthcare	$738/mo	$601/mo	↓ $137less	18.6%
📦Other	$1,644/mo	$1,707/mo	↑ $63.52more	3.9%
⚡All Utilities	$496/mo	$546/mo	↑ $50.22more	10.1%
🛒Groceries	$1,005/mo	$959/mo	↓ $45.71less	4.5%
🚗Transportation	$1,315/mo	$1,284/mo	↓ $31.40less	2.4%

🏠Housing

↑ 6.5%

Inver Grove Heights, MN

$2,319

Raleigh, NC

$2,469

Difference

$150

🏥Healthcare

↓ 18.6%

Inver Grove Heights, MN

$738

Raleigh, NC

$601

Difference

$137

less

📦Other

↑ 3.9%

Inver Grove Heights, MN

$1,644

Raleigh, NC

$1,707

Difference

$63.52

⚡All Utilities

↑ 10.1%

Inver Grove Heights, MN

$496

Raleigh, NC

$546

Difference

$50.22

🛒Groceries

↓ 4.5%

Inver Grove Heights, MN

$1,005

Raleigh, NC

$959

Difference

$45.71

less

🚗Transportation

↓ 2.4%

Inver Grove Heights, MN

$1,315

Raleigh, NC

$1,284

Difference

$31.40

less

🏠Rent Comparison

Studio

From$770

To$1,570

↑ $800

1 Bed

From$932

To$1,640

↑ $708

2 Bed

From$1,135

To$1,800

↑ $665

3 Bed

From$1,621

To$2,255

↑ $634

Raleigh, NCZIP-level data

1BR range: $1,400–$1,880/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,518

Monthly in Inver Grove Heights, MN

$7,567

Monthly in Raleigh, NC

$49.16

Difference

Home Values

Inver Grove Heights

Raleigh

Median Value

$512K

YoY Change

↓ -0.5%

5-Year Change

↑ +38.2%

Price Range

$314K - $992K

Calculate payment - Raleigh

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $3.3K

Per year

Monthly Difference

$276

More take-home

Effective Rate Diff

2.2%

Rate difference

Inver Grove Heights, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Raleigh, NC

Federal Income Tax

Effective: 18.9%

$25.5K

North Carolina State Tax

Effective: 4.8%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,822/month

$105.9K

Additional Tax Information

Inver Grove Heights, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Raleigh, NC Tax Rates

Sales Tax:7.1%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.