Quality of Life in Raleigh, NC on a $142,720 Income

Living in Raleigh, NC with an income of $142,720 offers a comfortable quality of life with some advantages and challenges unique to the area. Below is a detailed look at the cost of living, the housing market, quality of life, access to healthcare, and quality of K-12 schools in Raleigh relative to the broader United States.

Cost of Living

• Overall Cost of Living: Raleigh's cost of living is slightly above the national average. However, this is offset by the higher salary of $142,720, which provides substantial purchasing power.
• Utilities and Groceries: Costs for utilities and groceries hover around the national average, making day-to-day expenses manageable.
• Transportation: With a reliance on personal vehicles, transportation costs are slightly elevated compared to cities with more robust public transit systems.

Housing Market

• Median Home Price: The median home price in Raleigh is somewhat higher than the national median. This could pose challenges for those looking to purchase a home, though the higher salary helps manage mortgage costs.
• Rental Market: Renting can be competitive, with prices reflecting a growing demand for housing. However, options are available across a range of budgets and preferences.

Quality of Life

• Recreation and Culture: Raleigh offers a vibrant cultural scene with museums, parks, and performing arts venues. There are ample opportunities for outdoor activities, which are favorable for families and individuals alike.
• Job Market: Raleigh is part of the Research Triangle, making it attractive for professionals in tech, education, and healthcare, with ample job opportunities and career growth potential.

Access to Healthcare

• Healthcare Facilities: Raleigh boasts a strong network of healthcare facilities, including renowned hospitals and clinics. Access to quality healthcare is above average when compared to other U.S. cities.
• Cost of Healthcare: Healthcare costs can be high, but access to comprehensive services often mitigates out-of-pocket expenses.

Quality of K-12 Schools

• Public Schools: The public school system in Raleigh is highly regarded, with many schools receiving above-average ratings. This makes it attractive for families prioritizing education.
• Private Education: There are numerous private school options, offering diverse educational philosophies and extracurricular activities.

Summary

Overall, someone earning $142,720 annually in Raleigh, NC, can enjoy a relatively high quality of life