Raleigh, United States
+15% vs Raleigh avgOakwood is one of the pricier neighborhoods in Raleigh, with a cost of living index of 67.4 — that is +15% compared to the Raleigh average. It ranks #7 out of 30 areas by cost. Estimated rent for a one-bedroom apartment here is around $1,667/month, compared to a range of $986 in Zebulon to $1,812 in Chapel Hill.
For a typical resident of Oakwood, housing takes up roughly 52% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $66,700 before tax.
Salaries in Oakwood reflect the local cost of living. Based on the neighborhood COLI of 67.4:
After tax and deductions of 24.4% in United States, take-home pay for someone earning $66,700 would be roughly $50,425/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $50,550 salary in Oakwood, Raleigh (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Oakwood would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $50,550 |
| London | GBP | £43,503 |
| Dubai | AED | AED 252,941 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Chapel Hill | 73.2 | 1.25x | +25% |
| Glenwood South | 71.5 | 1.22x | +22% |
| Downtown Raleigh | 70.3 | 1.20x | +20% |
| North Hills | 69.1 | 1.18x | +18% |
| ITB (Inside the Beltline) | 69.1 | 1.18x | +18% |
See exactly what you need to earn in Oakwood, Raleigh to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Oakwood:
Yes, Oakwood is one of the more expensive neighborhoods in Raleigh. It costs about +15% more than the city average, ranking #7 out of 30 neighborhoods.
The cost of living in Oakwood is above the Raleigh average. With a multiplier of 1.15x, everyday expenses including rent, food, and transportation are +15% compared to the city baseline.