Quality of Life in Sacramento, CA with a High Income
Income Overview
- Annual Salary: $628,320
- Comparison to Average Salary: Significantly higher than the average U.S. household income, which is approximately $70,000.
Cost of Living
- General Cost: Sacramento's cost of living is about 18% higher than the national average.
- Major Expenses:
- Housing: Substantially higher than the national average.
- Utilities & Transportation: Slightly above national standards.
- Groceries & Dining: Comparable to other Californian cities, higher than the U.S. average.
Housing Market
- Median Home Price: Around $500,000, higher than the national median of $375,000.
- Housing Affordability: With a high income, housing options range from luxury homes to spacious suburban properties.
- Real Estate Trends: Generally rising, benefiting from California's overall housing demand dynamics.
Quality of Life
- Lifestyle: A high income allows for comfortable living with access to premium amenities, leisure activities, and cultural events.
- Neighborhoods: Options vary from urban downtown living to more suburban communities with high safety and satisfaction scores.
Access to Healthcare
- Healthcare Facilities: Abundant and high-quality, offering advanced medical care.
- Insurance and Out-of-pocket Costs: Affordable with a high income, providing access to top-tier medical services.
Quality of K-12 Schools
- Public Schools: Sacramento has a range of public schools with varying performance; some schools rank above national averages.
- Private Education Options: Numerous private and charter schools offer alternative and specialized education, accessible with higher disposable income.
Summary of Assessment
Living in Sacramento, CA with a yearly income of $628,320 provides a comfortable and affluent lifestyle. Although the cost of living and housing prices are higher compared to national averages, the substantial income allows for ample opportunities in housing, healthcare, and education. The quality of life is enhanced by access to a wide range of services, cultural events, and a family-friendly environment, making Sacramento an attractive place to live for high earners.
