Housing Costs in Apex, NC
Housing is typically the biggest expense for most households in Apex. In 2025, the median rent for a 2-bedroom apartment in Apex is around $1,650 per month. For those looking to purchase a home, the typical mortgage payment for a 3-bedroom house is in the range of $1,900 to $2,300 per month, depending on the neighborhood and home condition.
Here’s a comparison table of housing costs in Apex:
| Housing Type | Monthly Cost |
|---|---|
| 2BR Apartment (Rent) | $1,650 |
| 3BR House (Mortgage) | $1,900 – $2,300 |
It’s worth noting that many newer neighborhoods in Apex have Homeowners Associations (HOAs). While not mandatory, choosing a home with an HOA will add around $200 to $350 per month to your housing costs. However, this often includes amenities like community pools, parks, and exterior maintenance.
Utilities and Energy Bills in Apex
Utility costs in Apex are fairly moderate, thanks to the temperate climate. For a typical 3-bedroom home, you can expect to pay around $120 per month for electricity, $30 for water, and $50 for natural gas. Trash and recycling pickup is often included in your property taxes or HOA fees.
However, keep in mind that electricity costs can spike in the summer months due to air conditioning needs. A typical family might see their electric bill rise to $200 or more in July and August. Here’s a monthly breakdown of estimated utility costs:
- Electricity: $120 ($200+ in summer)
- Water: $30
- Natural Gas: $50
- Trash/Recycling: Included in taxes/HOA
Groceries and Daily Expenses
Food costs in Apex are on par with the national average. For a single person, a typical monthly grocery bill is around $300. This assumes mostly cooking at home with occasional meals out. For a couple or small family, $600 to $800 per month is a reasonable grocery budget.
Of course, your mileage may vary depending on your dietary preferences and how often you dine out. A meal at a casual restaurant in Apex runs about $12 to $15 per person, while a nicer dinner out might cost $30 or more per person.
Don’t forget to factor in costs for household goods like cleaning supplies, toiletries, and paper products. Budgeting $50 to $75 per person per month for these items is a good rule of thumb.
Taxes and Fees in Apex
As a resident of Apex, you’ll pay both Wake County and Apex city property taxes. The combined property tax rate is approximately 0.55%, which equates to $5.50 per $1,000 of assessed home value annually.
For example, if you own a $350,000 home in Apex, your annual property tax bill would be around $1,925, or $160 per month.
In addition to property taxes, Apex residents pay a 7.25% sales tax on most purchases, which includes the 4.75% North Carolina state sales tax plus 2.5% in local taxes. Vehicle registration fees in Wake County are also $36 per year, plus additional state fees based on vehicle weight.
Monthly Cost of Living in Apex
So what does it really cost to live comfortably in Apex? Here’s a sample monthly budget for a couple renting a 2-bedroom apartment:
| Expense Category | Monthly Cost |
|---|---|
| Housing (Rent + Utilities) | $1,850 |
| Groceries and Household | $700 |
| Dining Out | $300 |
| Car Payment and Insurance | $500 |
| Gas and Vehicle Expenses | $200 |
| Health Insurance | $450 |
| Entertainment and Hobbies | $400 |
| Total Monthly Expenses | $4,400 |
Keep in mind all figures are pre-tax (gross) income. Based on this breakdown, a couple would need to earn around $4,400 per month ($52,800 per year) in gross income to afford a comfortable lifestyle in Apex. For a family of four, that rises to around $6,000 monthly ($72,000 annually) to cover additional food, healthcare, and child-related costs.
Lifestyle Considerations in Apex
Apex offers a high quality of life, with excellent schools, plentiful parks and greenways, and a quaint downtown area. The town has been growing rapidly, so housing options range from established neighborhoods to brand new subdivisions.
Most homes in Apex are single-family, with lots typically ranging from 0.25 to 0.5 acres. Commute times are reasonable, with most residents able to reach job centers in Research Triangle Park or downtown Raleigh within 30 minutes.
While the cost of living in Apex is higher than some surrounding towns, many residents find the tradeoff worthwhile for the strong school system, community amenities, and convenient location. Newer homes with modern features tend to command a premium, while older homes may offer more affordability.
Frequently Asked Questions
Q: How much do I need to earn to live comfortably in Apex?
A: For a couple, aim for at least $4,400 in gross monthly income ($52,800 annually). Families will need closer to $6,000 per month ($72,000 per year).
Q: Is Apex an affordable place to live?
A: Apex is relatively affordable compared to larger cities like Raleigh or Durham, but it is more expensive than some surrounding suburbs. Housing costs are the biggest factor.
Q: How much can I expect to pay in utilities in Apex?
A: For a 3-bedroom house, budget around $200 per month for electricity, water, and gas combined. Note that electric bills are highest in the summer.
Q: Are property taxes high in Apex?
A: Apex’s combined (county + city) property tax rate is 0.55%, which equates to $5.50 per $1,000 in home value annually. This is slightly lower than some nearby cities.
Q: What is the sales tax rate in Apex?
A: The total sales tax in Apex is 7.25%, which includes both the state rate of 4.75% and the Wake County rate of 2.5%.
Q: How much should I budget for groceries in Apex?
A: For a single person, $300 per month is a reasonable grocery budget. Couples should aim for $600-$800 per month, while families may need $1,000 or more.
Q: Is Apex a good place to raise a family?
A: Yes, Apex is known for its excellent schools, safe neighborhoods, and family-friendly amenities like parks and sports leagues. However, it may be more expensive than some other Triangle suburbs.
Q: What is the typical commute time in Apex?
A: Most Apex residents can reach major job centers like Research Triangle Park or downtown Raleigh within 30 minutes. Traffic is lighter than in bigger cities.