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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Stock Market Today: Stocks Rise Ahead of Next Inflation Update
The major indexes notched modest gains for a second straight day.
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How to Choose a Money Market Account
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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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What Are I-Bonds?
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Your Guide to Open Enrollment 2023
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Best Foreclosure Sites for Finding Properties
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Watch Out for Flood-Damaged Cars from Hurricane Ian
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What You Need to Know About Life Insurance Settlements
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Best Travel Rewards Credit Cards March 2023
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