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In N.C., your dollar goes just as far as it should

By Spencer Campbell - May 23, 2014 - 11:00:00 am

North Carolina economic developers like to crow about the state’s low cost of living, and a new interactive chart created by NPR seems to back them up. Based on data released this month by the U.S. Department of Commerce’s Bureau of Economic Analysis, the chart compares metro areas’ median annual income based on cost-of-living expenses. For instance, the median income in Washington, D.C., is a whopping $44,452. However, that feels like $35,029 when judged against other U.S. cities because it’s so darn expensive to reside in our nation’s capital. Raleigh-Cary’s median, on the other hand, is just $35,012 — and that’s just about what it feels like to live there.

 

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