Quality of Life Assessment for a $143,565 Annual Income in the United States

Income Overview

• An annual income of $143,565 places an individual or household significantly above the national median income. As of 2023, the median household income in the United States is approximately $68,700.
• This income level offers a comfortable lifestyle for most areas across the country but may vary significantly in regions with higher costs of living.

Cost of Living

• General Overview:

  • The cost of living varies widely across the United States.
  • Urban areas, particularly those on the East and West Coasts, tend to have higher living costs.

• Basic Expenses:

  • Groceries, utilities, and transportation may take up a smaller portion of income compared to lower-income brackets.
  • Opportunities for discretionary spending, savings, and investments are more accessible.

Housing Market

• National Average:

  • The median home price in the U.S. is approximately $350,000 to $400,000.
  • In expensive cities like San Francisco or New York, median home prices can exceed $1 million.

• Affordability:

  • With an income of $143,565, purchasing a home within the national median range is generally affordable.
  • In areas with lower home prices, this income can provide opportunities to acquire larger properties or more desirable neighborhoods.

Quality of Life

• Standard of Living:

  • Offers a high degree of comfort with potential for luxury spending in lower-cost areas.
  • Flexibility to enjoy leisure activities, travel, dining, and cultural events.

• Work-Life Balance:

  • Ability to afford services that enhance work-life balance, such as childcare or a shorter commute, depending on location.

Access to Healthcare

• Healthcare Quality:

  • Access to healthcare services is generally good, often linked to employment benefits.
  • Ability to afford out-of-pocket expenses for better healthcare services or health emergencies.

• Insurance:

  • Likelihood of having comprehensive health insurance through employer.
  • Potential to invest in supplemental healthcare services, like dental or vision, not always covered by standard plans.

Quality of K-12 Schools

• Public Education:
  • Quality of public schools can vary; affluent areas tend to have better-funded and higher-performing schools.
  • Ability to choose schools based on location or explore supplemental educational