Quality of Life for Residents in Raleigh, NC on $51,920 Annual Income

Summary of the Cost of Living

• Cost of Living Index: Raleigh's cost of living is slightly higher than the national average.
  • Groceries and Essentials: Prices are moderately affordable, aligning closely with national figures.
  • Utilities and Transportation: Generally government-average but can vary based on specific services.

Housing Market Overview

• Median Home Price: As of recent assessments, the median home price in Raleigh exceeds the national median, making purchasing a home challenging on a $51,920 salary.
• Rental Market:
  • Rent Prices: Typically higher than the national average, affecting affordability.
  • Availability: Competitive due to demand from a steady influx of new residents.

Access to Healthcare

• Healthcare Facilities: High-quality healthcare facilities with several renowned hospitals and clinics.
• Healthcare Costs: Generally aligns with national healthcare costs but access is broad due to a comprehensive network of services.

Quality of K-12 Schools

• Public Education System: Known for strong academic performance with numerous highly-rated public schools.
• Extracurricular and Advanced Programs: Widely available, contributing to a well-rounded education environment.

Quality of Life

• Community and Culture: A vibrant cultural scene with theaters, museums, and various festivals.
• Outdoor Activities: Numerous parks and green spaces provide opportunities for recreation and relaxation.
• Job Market: Strong job growth potential, attracting professionals across diverse sectors, particularly technology and research.

Summary

Living in Raleigh, NC, on an income of $51,920 per year presents a mixed picture relative to the broader U.S. The cost of living is manageable but with some challenges due to higher housing costs. The quality of life is enhanced by quality education systems, good healthcare access, and a dynamic community life. While home ownership might demand financial planning, renting remains a viable option. Residents benefit from Raleigh's robust job market and cultural attractions, contributing to an overall positive living experience.