Raleigh, North Carolina, came top of all U.S. cities and third worldwide. The university city, with a population of just under half a million, scored particularly high in the purchasing power index. Numbeo uses New York City as a baseline, giving it a score of 100; Raleigh’s score of 160.35 indicates residents can buy 60 percent more goods and services than New Yorkers.
Raleigh also scored well on property price to income ratio, which stands at 2.58—that means house prices are just two-and-a-half times the average annual salary. This compares very favorably with European cities, where house prices can be up to 20 times the average salary. The worst property price to income ratio in Numbeo’s database can be found in Caracas, Venezuela, where property prices stand at 143 times the average wage.
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Rossi & Bobbi with Northside Realty Raleigh 919-931-2222