Quality of Life in Raleigh, NC: A Financial Overview

Annual Income and Its Implications

• Annual Income: $169,200
• Comparison with National Median: This income is significantly above the median household income in both Raleigh and the broader United States, providing a comfortable lifestyle.

Cost of Living

• Cost of Living Index: Slightly above the national average, reflecting costs such as groceries, utilities, and transportation.
• Spending Power: Residents earning $169,200 can maintain a high standard of living, with a portion of income allocated to savings and discretionary spending.

Housing Market

• Median Home Price: Higher than the national average, but not as high as major metropolitan areas like New York or San Francisco.
• Affordability for the Income Bracket: The income level allows for comfortable housing options, whether renting or buying, with the ability to live in desirable neighborhoods or opt for larger properties.

Quality of Life

• Community and Culture: Raleigh offers a balanced blend of urban and suburban amenities, including music, arts, and outdoor activities.
• Job Market: Strong job market, particularly in sectors like technology, education, and healthcare, contributing to economic stability.

Access to Healthcare

• Healthcare Ranking: Excellent access to healthcare facilities, with several top-rated hospitals and medical centers nearby.
• Insurance Affordability: With the given income, acquiring comprehensive health insurance is feasible, ensuring quality and prompt medical care.

K-12 Education Quality

• School System: Highly rated public and private schools, with a focus on academic excellence and extracurricular development.
• Opportunities for Children: Access to advanced placement and gifted programs, as well as various after-school activities.

Summary

Living in Raleigh, NC, with an annual income of $169,200 offers a high quality of life. Despite a slightly higher cost of living, residents can comfortably cover all expenses, including housing, healthcare, and education, while still enjoying the city's vibrant community and cultural offerings. The robust job market and well-established schools contribute to both personal and professional growth, ensuring an enriching environment for families and individuals alike.