Quality of Life in Raleigh, NC for an Annual Income of $93,120

Overview

Raleigh, North Carolina, offers a desirable balance between income levels and the cost of living. An annual salary of $93,120 in this region allows residents to enjoy a comfortable lifestyle with access to a range of amenities and services comparable to many parts of the broader United States.

Cost of Living

• Affordability: Raleigh’s cost of living index is slightly above the national average, but with a salary of $93,120, residents can manage their expenses comfortably.
• Utilities and Transportation: Costs for utilities and transportation are in line with or slightly below the national averages, helping balance out other expenses.

Housing Market

• Home Prices: The median home price in Raleigh is higher than the national average, reflecting the city's growing popularity and demand.
• Renting vs. Buying: Rent is relatively affordable compared to mortgage payments, allowing residents to choose between flexibility and long-term investment based on personal needs.

Quality of Life

• Employment Opportunities: Raleigh is part of the Research Triangle, providing abundant job opportunities, especially in tech, education, and healthcare.
• Recreational Amenities: The city offers numerous parks, cultural venues, and dining options, contributing to a high quality of life.

Access to Healthcare

• Healthcare Facilities: Raleigh is home to several top-rated hospitals and healthcare providers, ensuring excellent access to medical services.
• Health Insurance Costs: Health insurance premiums and out-of-pocket expenses are consistent with national figures, keeping healthcare reasonably affordable.

Quality of K-12 Schools

• Educational Standards: Raleigh's K-12 schools are generally well-regarded, with numerous high-performing schools and diverse educational opportunities.
• School Choices: Options include public, charter, and private schools, providing parents with flexibility in education decisions.

Assessment

Living in Raleigh, NC, on a $93,120 annual salary affords a comfortable lifestyle for most individuals or families. While housing costs can be a challenge, the overall cost of living is manageable. The city's strong job market, quality schools, and accessibility to healthcare significantly enhance the overall quality of life, making Raleigh an attractive place to live compared to many other areas in the United States.