Quality of Life in Raleigh, NC on a $117,360 Salary
Overview
Living in Raleigh, NC, with an income of $117,360 per year offers a favorable quality of life. With Raleigh's relatively moderate cost of living compared to other parts of the U.S., individuals or families can enjoy a comfortable lifestyle.
Cost of Living
- Cost Index: Raleigh’s cost of living index is slightly above the national average.
- Essentials: Expenses like groceries, utilities, and transportation are generally in line with or only slightly exceed national averages.
- Discretionary Spending: With a significant salary, there's ample room for dining out, entertainment, and leisure activities.
Housing Market
- Home Prices: The median home price in Raleigh is competitive but slightly higher than the national median. This can pose a challenge for first-time buyers but is manageable with a stable income.
- Renting vs. Buying: Renting can be a viable short-term option, with rental prices commensurate to earnings, making saving for a down payment feasible.
Quality of Life
- Work-Life Balance: The income level supports a comfortable work-life balance, enabling access to Raleigh's cultural and recreational offerings.
- Community and Culture: Raleigh offers a thriving arts scene, outdoor activities, and a variety of social venues, enhancing personal and familial well-being.
Access to Healthcare
- Healthcare Quality: Raleigh boasts top-notch healthcare facilities, such as the Duke University Hospital and UNC Health Care.
- Insurance: With the given salary, securing comprehensive health insurance is very achievable, ensuring access to quality medical care.
Quality of K-12 Schools
- Public Education: The Wake County Public School System is one of the largest and most respected in the state, offering a range of educational opportunities.
- Private Schools: There are several reputable private and charter schools available for families seeking alternative education options.
Summary
Overall, earning $117,360 annually in Raleigh, NC, provides a comfortable living with access to good housing, healthcare, and excellent educational facilities. The city’s modest cost of living compared to other urban areas ensures that residents can enjoy a rich quality of life, supporting both individual and family goals.