Is Raleigh, NC cheaper than Savage, MN?

Based on cost of living data, Raleigh, NC is 4.9% cheaper than Savage, MN. This translates to saving $366 per month.

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

If you earn $150,000 in Savage, MN, you'd need approximately $145,605.503 in Raleigh, NC to maintain the same standard of living.

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

Housing in Raleigh, NC is 3.5% more expensive than in Savage, MN. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC compared to $1,637/month in Savage, MN.

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

Moving from Savage, MN to Raleigh, NC could save you approximately $366 per month, or $4394 per year, based on a $150,000 salary.

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

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Cost of Living Comparison 2026

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

Current salary in Savage, MN

Numbers update automatically as you type

You'd save $366/month moving to Raleigh, NC

$150.0K in your current city equals $145.6K in Raleigh, NC

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

Overall Cost

↓ 4.9%

Less expensive

Monthly Impact

$366

Savings

Annual Impact

$4.4K

Per year

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

Savage, MN

Population:33K

Cost Index:100

Median Home:$423K

Raleigh, NC

Population:474K

Cost Index:95

Median Home:$512K

Savage, MN

The North Star State

33K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 33K 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: Savage, MN vs Raleigh, NC

Category	Savage, MN	Raleigh, NC	Difference	Change
🏥Healthcare	$735/mo	$601/mo	↓ $134less	18.2%
🏠Housing	$2,385/mo	$2,469/mo	↑ $83.64more	3.5%
⚡All Utilities	$494/mo	$546/mo	↑ $52.62more	10.7%
🛒Groceries	$1,000/mo	$959/mo	↓ $40.85less	4.1%
📦Other	$1,676/mo	$1,707/mo	↑ $31.96more	1.9%
🚗Transportation	$1,303/mo	$1,284/mo	↓ $18.71less	1.4%

🏥Healthcare

↓ 18.2%

Savage, MN

$735

Raleigh, NC

$601

Difference

$134

less

🏠Housing

↑ 3.5%

Savage, MN

$2,385

Raleigh, NC

$2,469

Difference

$83.64

⚡All Utilities

↑ 10.7%

Savage, MN

$494

Raleigh, NC

$546

Difference

$52.62

🛒Groceries

↓ 4.1%

Savage, MN

$1,000

Raleigh, NC

$959

Difference

$40.85

less

📦Other

↑ 1.9%

Savage, MN

$1,676

Raleigh, NC

$1,707

Difference

$31.96

🚗Transportation

↓ 1.4%

Savage, MN

$1,303

Raleigh, NC

$1,284

Difference

$18.71

less

🏠Rent Comparison

Studio

From$1,188

To$1,570

↑ $382

1 Bed

From$1,348

To$1,640

↑ $292

2 Bed

From$1,637

To$1,800

↑ $163

3 Bed

From$2,167

To$2,255

↑ $88.00

Savage, MNZIP-level data

1BR range: $1,680–$1,680/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.

$7,592

Monthly in Savage, MN

$7,567

Monthly in Raleigh, NC

$24.87

Difference

Home Values

Savage

Raleigh

$423K

Median Value

$512K

↑ +1.5%

YoY Change

↓ -0.5%

↑ +21.4%

5-Year Change

↑ +38.2%

$423K

Price Range

$314K - $992K

Homes in Raleigh are 21% more expensive than Savage

Calculate payment - Savage 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

Savage, 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

Savage, 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.