Quality of Life in Raleigh, NC with a $137,920 Annual Income
Overview
Raleigh, North Carolina, is known for its vibrant community, strong economy, and thriving technology sector. An individual earning $137,920 per year can enjoy a comfortable lifestyle in Raleigh relative to the broader United States.
Cost of Living
- Overall Cost of Living: Raleigh's cost of living is slightly above the national average but remains reasonable compared to other major cities.
- Groceries and Dining: Food prices are competitive, with a variety of dining options ranging from budget-friendly to upscale restaurants.
- Transportation: Costs are manageable, with public transit available but car ownership being common for most residents.
Housing Market
- Median Home Prices: As of 2023, the median home price in Raleigh is higher than the national average, reflecting the city's growing popularity and economic opportunities.
- Rental Market: Renting can be more cost-effective, with a wide range of options available from apartments to single-family homes.
- Housing affordability: With an income of $137,920, buyers can comfortably afford a home in Raleigh, considering the relative home prices and interest rates.
Quality of Life
- Community and Environment: Raleigh offers a mix of urban and suburban environments, rich with parks, cultural attractions, and recreational activities.
- Job Market: Strong job opportunities, particularly in technology, education, and healthcare, contribute to a high standard of living.
- Weather: Mild climate with four distinct seasons enhancing outdoor activities year-round.
Access to Healthcare
- Healthcare Facilities: Raleigh boasts high-quality healthcare facilities, including hospitals and clinics affiliated with research institutions like Duke and UNC.
- Affordability: Healthcare costs are slightly above the national average, but insurance and competitive salaries help mitigate expenses.
Quality of K-12 Schools
- Public Schools: The Wake County Public School System is well-regarded, offering numerous opportunities for student growth and community involvement.
- Private Education: A variety of private schools provide additional educational options for families seeking alternative curricula or specialized programs.
- Extracurricular and Academic Programs: Robust offerings support student engagement and achievement, making Raleigh an attractive option for families.
Summary
Overall, an annual income of $137,920 in Raleigh allows for a comfortable lifestyle with access to quality services and amenities. While the cost of living is higher than the
