Population: 1,001,313
Income Growth: 5.7%
Cost of Living Index: 100
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Median Household Income: $57,974
Percentage of Workforce in Creative Class: 36%
Raleigh couldn't escape two big economic hits over the past year. For one, the state of North Carolina has had a bad run, losing thousands of jobs in two particularly vulnerable sectors in this recession: manufacturing and financial services. And construction was also a major force during the boom years. The bursting of the real estate bubble has killed off that sector.
Nevertheless, Raleigh still has an enviable economic base, built on three universities and Research Triangle Park, where employers in everything from biotech to computers still thrive.
Although Raleigh's unemployment rate has doubled in the past year, to 8.6%, it's still much lower than the 10.8% rate for the state as a whole. And people continue to move here, recognizing -- as we do -- that the Raleigh area will boom again.
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Top Money Market Accounts 2023
Money market accounts are interest-bearing accounts at a bank or credit union, typically paying high interest rates. Here are the best right now.
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Stock Market Today: Stocks Brush Off Deutsche Bank Troubles
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Best Cash Back Credit Cards March 2023
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I-Bond Rate Is 6.89% for Next Six Months
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Best Travel Rewards Credit Cards March 2023
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