Quality of Life for an Individual Earning $86,700 per Year in the United States

Cost of Living

• Average Annual Salary: $86,700 is slightly above the median household income in the U.S., which was approximately $68,700 in 2019.
• Cost of Living Index: Varies significantly by region. Living expenses are generally higher in urban areas and the coastal regions, particularly in states like New York, California, and Massachusetts.
• Affordability: This salary allows for a comfortable lifestyle in many parts of the country, especially in the Midwest and Southern states, but may lead to financial strain in high-cost areas.

Housing Market

• Home Price Comparison: The median home price in the U.S. as of 2023 is around $400,000.
• Affordability: With a salary of $86,700, purchasing a median-priced home is feasible in most regions, though challenging in more expensive markets like the Bay Area or Manhattan.
• Location Considerations: Opting for suburban or rural areas can stretch the housing budget further, leading to better quality housing and more space.

Quality of Life

• Discretionary Spending: Moderate room for discretionary spending after accounting for essential expenses, allowing for comfort and occasional luxuries.
• Work-Life Balance: Varies by job type but generally better in areas with a lower cost of living where less income is eaten up by basic expenses.
• Amenities: Adequate income for enjoying local amenities such as dining out, cultural events, and recreations like gyms or clubs.

Access to Healthcare

• Healthcare Costs: Can be significant, especially without employer-subsidized health insurance.
• Health Insurance: Essential to mitigate potentially high costs; typically available through employers but can consume a notable portion of income if paying privately.
• Services: Generally good access to healthcare services, but this can vary depending on location (urban vs. rural).

Quality of K-12 Schools

• Public Education: Under this salary, families can afford to live in areas with high-ranking public schools, especially if researched and prioritized.
• Private Schooling: May be affordable but would require budget adjustments, more feasible in lower cost-of-living areas.
• Educational Opportunities: Broader in urban areas with strong school districts and a variety of extracurricular activities.