Quality of Life in Raleigh, NC on an Annual Income of $127,360
Living in Raleigh, NC with an income of $127,360 provides a comfortable quality of life when compared to the broader United States. Here's a breakdown of different aspects related to cost of living, housing, quality of life, healthcare, and education.
Cost of Living
- Overall Affordability: The cost of living in Raleigh is lower than in many major urban areas in the U.S.
- Expense Breakdown: Key areas like groceries, utilities, and healthcare tend to be reasonably priced.
- Comparison to National Average: While slightly above national averages, the cost of living is balanced by a robust local economy and job market.
Housing Market
- Home Prices: The median home price in Raleigh is approximately $390,000, which is more affordable than many other major cities.
- Market Trends: The housing market is competitive, with a growing demand due to Raleigh's burgeoning tech industry and favorable living conditions.
- Renting vs. Owning: Renting remains a viable option, though homeownership offers long-term financial benefits given the city's promising economic outlook.
Quality of Life
- Neighborhoods: Raleigh offers a variety of neighborhoods each with its own unique charm, catering to diverse lifestyles.
- Cultural & Recreational Activities: The city boasts a vibrant arts scene, numerous parks, and recreational opportunities that enhance daily living.
- Community: Known for its friendly and welcoming residents, Raleigh provides a strong sense of community and belonging.
Access to Healthcare
- Healthcare Facilities: Raleigh hosts several top-rated hospitals and healthcare facilities offering excellent medical services.
- Cost of Healthcare: Competitively priced healthcare services compared to the national average.
- Insurance and Access: Most residents find the mix of public and private insurance options satisfactory in terms of access and coverage.
Quality of K-12 Schools
- Education System: Raleigh's public and private schools are well-regarded, often receiving high marks in state and national rankings.
- Diversity in Education: A wide range of specialized programs and extracurricular activities are available to students.
- Parental Involvement: Strong community and parental support contribute positively to student outcomes and school quality.
Summary
Living in Raleigh with an income of $127,360 affords a lifestyle that balances affordability with quality amenities. Residents enjoy reasonable
