Quality of Life in Raleigh, NC with an Income of $109,120

Overview

Raleigh, NC, known for its research and technology roots, offers residents a unique blend of Southern charm and modern amenities. Understanding how an income of $109,120 translates into quality of life involves evaluating the cost of living, housing, healthcare access, and education quality relative to the broader United States.

Cost of Living

• Comparison to National Average: The cost of living in Raleigh is slightly higher than the national average but is relatively balanced considering the amenities and job opportunities.
• Expenditure Breakdown:
  • Groceries and Dining: Prices are slightly above national levels due to urban development and local demand.
  • Utilities and Transportation: These costs are moderate, aligning closely with broader U.S. averages.

Housing Market

• Home Prices:
  • The median home price in Raleigh is higher than the national average due to its desirable location and economic growth.
  • With an income of $109,120, homeownership is attainable, particularly in suburban areas or through careful financial management.
• Rental Market:
  • Rental prices have been on the rise, yet remain manageable for individuals or families with the stated income.

Quality of Life

• Employment Opportunities: A strong job market, particularly in tech and research, supports a high quality of life.
• Community and Recreation: Raleigh offers a vibrant cultural scene with museums, parks, and restaurants.

Access to Healthcare

• Healthcare Providers: Raleigh boasts a robust healthcare network, with numerous hospitals and specialized medical centers.
• Insurance and Costs: Medical insurance and healthcare costs are relatively in line with the national average, ensuring good access for residents.

Quality of K-12 Schools

• Public School System: Raleigh's public schools are well-regarded, offering strong educational programs and extracurricular activities.
• Private School Options: There are also numerous reputable private schools, though they may require additional financial planning.

Assessment

Residents of Raleigh with an income of $109,120 generally enjoy a comfortable lifestyle. While housing costs are on the higher side, the overall cost of living, coupled with excellent healthcare and strong educational systems, supports a high standard of living relative to much of the United States.