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I have lived in NC for 10 years. My wife and I moved here after we graduated from KU to find a job. Research Triangle Park is a nice place to work at. We are obviously very happy here (stayed 10 years), and love the opportunities it provides for both work and leisure.
As far as cost of living, its fairly comparable to the midwest. Maybe slightly more expensive. The real estate is pretty much priced as: Chapel Hill is more expensive then Raleigh which is more expensive then Durham.
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