Living in Raleigh, NC on a $151,920 Salary

Cost of Living

• Overall Cost of Living: Raleigh's cost of living is slightly above the national average.
  • Groceries: Prices are modest, aligning with the national average.
  • Utilities: Residents experience relatively low utility costs.
  • Transportation: Costs are generally lower than in other urban areas due to less congestion and adequate public transport options.

Housing Market

• Median Home Price: As of the latest data, the median home price in Raleigh is approximately $350,000.

  • This figure is around the national median but offers more space and modern amenities for the price.
  • Real estate options range from suburban houses with yards to modern downtown condos.

• Rental Market: Renting is also competitively priced in comparison to national averages, often offering better value in terms of square footage and modern facilities.

Quality of Life

• Income vs. Expenses: With a $151,920 per year salary, residents can comfortably afford housing, healthcare, and discretionary expenses.
• Community and Environment: Raleigh offers a welcoming community vibe with lush parks, and cultural events create a balanced urban-suburban environment.
• Weather: Mild winters and hot, humid summers contribute to diverse outdoor activities year-round.

Access to Healthcare

• Healthcare Facilities: Raleigh boasts top-tier healthcare facilities with several renowned hospitals and specialized care centers.
• Healthcare Costs: Typically align with national averages, with extensive insurance coverage options available.

Education: Quality of K-12 Schools

• Public Schools: Raleigh's public schools are highly rated, with an emphasis on STEM and arts programs.

  • Many schools also have partnerships with nearby universities for enriched learning experiences.

• Private and Charter Schools: Various options exist for those seeking specialized or alternative educational paths.

Summary of Assessment

Living in Raleigh, NC, on a salary of $151,920 offers a high standard of quality of life. The city's cost of living is reasonable relative to the income, with attractive housing options and modest utility expenses. Residents benefit from great healthcare access and top-notch educational institutions, making Raleigh a desirable location for families and individuals seeking a balance of urban convenience and suburban tranquility.