Quality of Life in Raleigh, NC, at an Income of $174,560

Income and Cost of Living

• Income Level: Earning $174,560 annually places an individual comfortably above the median household income both in Raleigh and nationally, allowing for a high quality of life.
• Cost of Living:
  • Raleigh's cost of living is slightly above the national average.
  • Categories such as utilities, groceries, and transportation are moderately priced compared to other major U.S. cities.
• Disposable Income: With this income level, individuals can expect significant disposable income after covering essential expenses.

Housing Market

• Median Home Price: As of recent data, the median home price in Raleigh is approximately $415,000, which is higher than the national median but reflects the demand due to the area's growth.
• Affordability:
  • With a salary of $174,560, housing costs are manageable, allowing for purchasing a comfortable home or affording high-end rental properties.
  • The robust income allows for investments in property, known for appreciating value in Raleigh's growing market.

Quality of Life

• Lifestyle: The city offers a blend of urban and suburban living with cultural, recreational, and dining options.
• Environment: Raleigh boasts green spaces, parks, and a temperate climate, enhancing outdoor activities and overall wellness.

Access to Healthcare

• Healthcare Facilities: Raleigh has access to excellent healthcare facilities, with major hospitals and research centers like the Duke University Health System and UNC Health Care.
• Healthcare Costs: While healthcare costs can be high, the salary allows individuals and families to afford quality health insurance and care services without undue financial burden.

Quality of K-12 Schools

• Public Education:
  • Raleigh is served by the Wake County Public School System, known for its high educational standards and well-regarded performance.
  • Many schools in the area offer advanced placement courses and diverse extracurricular programs.
• Private Education: There is also a variety of private schooling options, accommodating different pedagogical preferences and special needs.

Summary

Living in Raleigh, NC, with an income of $174,560 offers a substantial quality of life relative to the cost of living and housing costs. The strong income not only facilitates comfortable living arrangements but also provides access to excellent healthcare and educational systems. This combination makes Raleigh an attractive place for individuals and