Quality of Life in Raleigh, NC for an Income of $116,640
Overview
Raleigh, North Carolina, is part of the Research Triangle and is known for its vibrant economy, educational opportunities, and cultural amenities. An annual income of $116,640 provides a comfortable lifestyle in this city, though various factors like cost of living, housing market, access to healthcare, and quality of schools will shape the overall quality of life.
Cost of Living
- Compared to National Average: The cost of living in Raleigh is slightly lower than the U.S. average.
- Groceries and Utilities: Prices for groceries and utilities are comparable to the national mean.
- Transportation: The cost of transportation can be lower due to the city's relatively efficient road network and affordable public transportation.
Housing Market
- Home Prices: The median home price in Raleigh as of late 2023 is approximately in line with the U.S. median, though it has been rising due to demand.
- Rentals: Rental properties are moderately priced, offering competitive options for varying income levels.
- Affordability: At a salary of $116,640, purchasing a home is feasible, yet desirable areas might require compromises on size or location for a budget-friendly purchase.
Quality of Life
- Job Market: Raleigh has a robust job market with numerous opportunities, particularly in technology, healthcare, and education sectors.
- Recreation and Leisure: The city boasts numerous parks, a thriving arts scene, and a spectrum of dining and shopping options.
- Safety: Raleigh is considered safe, with crime rates generally below the national average for cities of similar size.
Access to Healthcare
- Healthcare Facilities: The city is equipped with top-tier medical facilities, including renowned hospitals and research institutions.
- Affordability: Health costs can be significant, but quality insurance options provided by employers often mitigate these expenses.
Quality of K-12 Schools
- Public Schools: Education in Raleigh is well-regarded, with many schools scoring above average on state and national assessments.
- Private and Charter Schools: There are numerous alternative options providing varied curricula and educational environments.
- Higher Education Preparation: Schools are known to prepare students effectively for higher education, benefiting from proximity to prestigious universities.
Summary
Living in Raleigh, NC, on an income of $116,640 offers a high quality
