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Raleigh, NC 27616 has a population of approximately 52,679 and experiences a population change rate of 139.73%. The population density is 2,369.9 / sq mi .
The median household income for Raleigh, NC 27616 is $69,324, with 20,907 households and an average household size of 2.68.
The median value of a home in Raleigh, NC 27616 is $338,700 with an appreciation rate of 23.60%. 55.55% of housing in the state is owned while 38.66% is rented.
The cost of living in Raleigh, NC 27616 is 103.4 %.
The unemployment rate in Raleigh, NC 27616 is 2.70%, and recent job growth is at 1.64%. Future job growth is projected at 58.47%.
The sales tax rate in Raleigh, NC 27616 is 7.25%, while the income tax rate is 4.99% .
School expenditures in Raleigh, NC 27616 are $11,618, and the school ratio is 15.1:1.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.9 degrees. The average rainfall is approximately 45.9 inches per year, with 3.2 inches of snow per year.
