Quality of Life in Raleigh, NC on a $98,640 Salary
With a $98,640 annual salary, living in Raleigh, North Carolina provides a fairly comfortable lifestyle when compared to the broader United States. Below, we assess various factors contributing to the quality of life in the area.
Cost of Living
- Comparison to National Average: Raleigh's cost of living is slightly above the national average but remains lower than many major U.S. cities.
- Transportation: Public transportation is available, and the cost of owning a vehicle is moderate, with fuel prices on par with national averages.
- Food and Dining: Grocery prices are reasonable, and the city offers a diverse selection of dining options, often cheaper than in larger metropolitan areas.
Housing Market
- Home Prices: As of the latest data, the median home price in Raleigh is higher than the national median but remains more affordable than in cities like New York or San Francisco.
- Rental Market: Rental prices are increasing due to high demand, but there are still options available that are affordable on a $98,640 salary.
- Market Trends: The housing market remains competitive due to high demand, partly fueled by an influx of residents seeking the area's strong economy and lifestyle offerings.
Quality of Life
- Cultural Amenities: Raleigh boasts a vibrant cultural scene, including museums, music venues, and theaters.
- Recreational Opportunities: The city offers numerous parks, green spaces, and outdoor activities, contributing to a high quality of life.
- Community and Safety: Raleigh is known for its friendly community and relatively low crime rate, enhancing its appeal as a place to live.
Access to Healthcare
- Healthcare Facilities: Raleigh is home to several highly regarded healthcare institutions and hospitals.
- Medical Costs: Healthcare expenses are consistent with national averages, but access to quality care is an advantage of the area.
Quality of K-12 Schools
- Public Education: The Wake County Public School System serves the area and is considered one of the better public education systems in the state.
- Private and Charter Schools: Numerous private and charter school options provide alternatives for families seeking specialized education environments.
Summary of the Assessment
Living in Raleigh, NC, on an income of $98,640 allows for a substantial quality of life. Although the cost of living and housing costs are slightly above average, they remain manageable compared to other large U.S. cities. Residents benefit from a
