Is Raleigh, NC cheaper than Richfield, MN?

Based on cost of living data, Raleigh, NC is 5.1% cheaper than Richfield, MN. This translates to saving $382 per month.

What salary do I need in Raleigh, NC to live like I do in Richfield, MN?

If you earn $150,000 in Richfield, MN, you'd need approximately $145,410.409 in Raleigh, NC to maintain the same standard of living.

How does housing cost compare between Richfield, MN and Raleigh, NC?

Housing in Raleigh, NC is 3.3% more expensive than in Richfield, MN. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC compared to $1,335/month in Richfield, MN.

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

Moving from Richfield, MN to Raleigh, NC could save you approximately $382 per month, or $4590 per year, based on a $150,000 salary.

Richfield, MN vs Raleigh, NC: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Richfield, MN — ZIP-level rent data · COL adjusted from Minneapolis, MN area

Current salary in Richfield, MN

Numbers update automatically as you type

You'd save $382/month moving to Raleigh, NC

$150.0K in your current city equals $145.4K in Raleigh, NC

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

Overall Cost

↓ 5.1%

Less expensive

Monthly Impact

$382

Savings

Annual Impact

$4.6K

Per year

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

Richfield, MN

Population:36K

Cost Index:100

Median Home:$333K

Raleigh, NC

Population:474K

Cost Index:95

Median Home:$512K

Richfield, 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: Richfield, MN vs Raleigh, NC

Category	Richfield, MN	Raleigh, NC	Difference	Change
🏥Healthcare	$735/mo	$601/mo	↓ $134less	18.3%
🏠Housing	$2,391/mo	$2,469/mo	↑ $78.19more	3.3%
⚡All Utilities	$494/mo	$546/mo	↑ $52.05more	10.5%
🛒Groceries	$1,001/mo	$959/mo	↓ $41.99less	4.2%
📦Other	$1,679/mo	$1,707/mo	↑ $28.13more	1.7%
🚗Transportation	$1,306/mo	$1,284/mo	↓ $21.69less	1.7%

🏥Healthcare

↓ 18.3%

Richfield, MN

$735

Raleigh, NC

$601

Difference

$134

less

🏠Housing

↑ 3.3%

Richfield, MN

$2,391

Raleigh, NC

$2,469

Difference

$78.19

⚡All Utilities

↑ 10.5%

Richfield, MN

$494

Raleigh, NC

$546

Difference

$52.05

🛒Groceries

↓ 4.2%

Richfield, MN

$1,001

Raleigh, NC

$959

Difference

$41.99

less

📦Other

↑ 1.7%

Richfield, MN

$1,679

Raleigh, NC

$1,707

Difference

$28.13

🚗Transportation

↓ 1.7%

Richfield, MN

$1,306

Raleigh, NC

$1,284

Difference

$21.69

less

🏠Rent Comparison

Studio

From$973

To$1,570

↑ $597

1 Bed

From$1,094

To$1,640

↑ $546

2 Bed

From$1,335

To$1,800

↑ $465

3 Bed

From$1,770

To$2,255

↑ $485

Richfield, MNZIP-level data

1BR range: $1,360–$1,360/mo

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.

$7,607

Monthly in Richfield, MN

$7,567

Monthly in Raleigh, NC

$39.66

Difference

Home Values

Richfield

Raleigh

$333K

Median Value

$512K

↑ +3.1%

YoY Change

↓ -0.5%

↑ +20.5%

5-Year Change

↑ +38.2%

$333K

Price Range

$314K - $992K

Homes in Raleigh are 54% more expensive than Richfield

Calculate payment - Richfield 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

Richfield, 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

Richfield, 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.