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: Markets Start December Looking for Direction
Mixed economic signals led to a mixed close for the major indexes in a seesaw session on Thursday.
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What Time Is the Stock Market Open Today?
Markets When does the market open? True, the stock market does have regular hours, but trading doesn't stop when the major exchanges close.
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The Best Cash Back Credit Cards
Smart Buying Looking for the credit card that pays the most cash back? These lenders pay the most, with the minimum hassle.
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I-Bond Rate Is 6.89% for Next Six Months
Investing for Income If you missed out on the opportunity to buy I-bonds at their recent high, don’t despair. The new rate is still good, and even has a little sweetener built in.
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What Are I-Bonds?
savings bonds Inflation has made Series I savings bonds enormously popular with risk-averse investors. So how do they work?
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Your Guide to Open Enrollment 2023
Employee Benefits Health care costs continue to climb, but subsidies will make some plans more affordable.
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11 Best Foreclosure Sites for Finding Properties
Making Your Money Last Searching for foreclosures for sale for your next home or to flip for a profit? These websites will guide you to foreclosures and real estate owned properties to buy.
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Watch Out for Flood-Damaged Cars from Hurricane Ian
Buying & Leasing a Car In the wake of Hurricane Ian, more flood-damaged cars may hit the market. Car prices may rise further because of increased demand as well.
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What You Need to Know About Life Insurance Settlements
life insurance If your life insurance payments don’t seem worth it anymore, consider these options for keeping the value.
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The Best Travel Rewards Credit Cards
credit cards Business road warriors and leisure travelers alike can use a travel reward card to turn miles logged into other things – including more travel.
