Quality of Life in Raleigh, NC on a $126,400 Salary

Cost of Living

• Relative to the National Average:

  • The cost of living in Raleigh is slightly above the national average, primarily driven by housing and healthcare costs.
  • Despite this, Raleigh remains more affordable than other major cities like San Francisco, New York City, and Los Angeles.

• Breakdown of Expenses:

  • Groceries: Prices are generally in line with the national average.
  • Utilities: Notably lower than in many other parts of the country.
  • Transportation: Costs are moderate, with public transit options available but not as extensive as in larger metros.

Housing Market

• Median Home Price:

  • As of recent data, the median home price in Raleigh is approximately $380,000, which is below the national median.

• Affordability:

  • A salary of $126,400 provides a comfortable cushion for purchasing a home, given the median home prices and mortgage rates, making homeownership attainable.

• Rental Market:

  • Average rent prices are competitive, yet still more affordable compared to larger cities, providing flexibility for non-homeowners.

Quality of Life

• Safety and Environment:

  • Raleigh is known for its low crime rates and well-maintained public spaces.
  • The city boasts numerous parks and green spaces, promoting outdoor activities.

• Cultural and Recreational Opportunities:

  • A vibrant cultural scene with music festivals, museums, and theaters.
  • Proximity to outdoor activities such as hiking, cycling, and proximity to beaches and mountains.

Access to Healthcare

• Healthcare Facilities:

  • Raleigh offers access to excellent healthcare facilities, with several top-ranked hospitals and specialized care centers.

• Healthcare Costs:

  • While healthcare costs are slightly above the national average, the quality and accessibility of services offset these expenses.

Quality of K-12 Schools

• Public Education System:

  • The Wake County Public School System is one of the largest in the region, offering diverse programs and strong academic performance.

• Private and Charter Schools:

  • Multiple options are available for private and charter education, providing varied curricula and educational approaches.

• Extracurricular Activities:

  • Rich offerings in sports, arts, and technology, fostering a holistic educational environment.

Overall Assessment