Quality of Life in Raleigh, NC

Cost of Living

• Cost of Living Index: Raleigh’s cost of living is around 4% lower than the national average.
• Expenses: Groceries, utilities, and transportation costs are generally on par or slightly below the national median.
• Income Comparison: With an income of $152,640 per year, an individual can comfortably afford the typical expenses in Raleigh, enjoying a higher discretionary income than counterparts in more expensive cities.

Housing Market

• Median Home Price: As of 2023, the median home price in Raleigh is approximately $450,000.
• Housing Affordability: Given the income level, purchasing a home in Raleigh is highly feasible, with mortgage payments falling well within a manageable range.
• Market Growth: Raleigh's housing market is witnessing steady growth, making it a sound investment destination with properties appreciating over time.

Quality of Life

• Community and Cultural Life: Raleigh offers a vibrant blend of cultural, educational, and recreational activities, enhanced by its proximity to renowned institutions like Duke University and the University of North Carolina.
• Outdoor Opportunities: Abundant parks, trails, and outdoor spaces provide ample opportunities for recreation and relaxation.
• Economic Opportunities: Known as part of the Research Triangle, Raleigh extends plentiful job opportunities in tech, research, and education sectors.

Access to Healthcare

• Healthcare Facilities: Raleigh boasts an extensive healthcare network, including nationally recognized hospitals and specialty care providers.
• Health Insurance Costs: Insurance premiums in Raleigh are competitive compared to the national average, ensuring affordability and access.

Quality of K-12 Schools

• Public School System: Raleigh’s public school system ranks favorably, with numerous schools excelling in academic performance and extracurricular offerings.
• Private and Charter Schools: The city provides varied options for private and charter education, catering to diverse educational philosophies and needs.
• Community Involvement: Strong community involvement in schools enhances educational outcomes and fosters a supportive learning environment.

Summary

With an annual income of $152,640, an individual residing in Raleigh, NC, enjoys a comfortable quality of life. The cost of living is slightly below the national average, making everyday expenses and housing costs easily manageable. The city's robust healthcare system, quality education offerings, cultural vibrancy, and economic opportunities contribute to a well-rounded lifestyle, making Raleigh an attractive locale