Quality of Life in Raleigh, NC with a Salary of $126,640

Income Overview

• Annual Salary: $126,640
• Context: This salary is significantly above the median household income in Raleigh, offering a comfortable living relative to the area's average cost of living.

Cost of Living

General Cost Comparison

• Overall Cost of Living: Slightly higher than the national average.
• Sectors:
  • Utilities and Transportation: Comparable to the national average.
  • Groceries and Dining: Costs are modestly above average due to an array of options.

Relative Affordability

• Disposable Income: High potential for disposable income, offering financial flexibility and the ability to save or invest.

Housing Market

Home Prices

• Median Home Price in Raleigh: As of late 2023, the median is around $400,000.
• Comparison: Higher than the national median but offers more competitive pricing compared to other large cities like New York or San Francisco.

Renting vs. Buying

• Renting: Generally affordable with a variety of options in desirable neighborhoods.
• Buying: Feasible for someone with this salary, allowing them to purchase a comfortable mid-range home.

Quality of Life

Lifestyle and Leisure

• Cultural Amenities: Rich cultural scene with museums, music venues, and art galleries.
• Recreation: Abundant parks and green spaces alongside sports and fitness facilities.

Community and Environment

• Safety: Generally low crime rates, making it a secure city.
• Environment: Proximity to nature with balanced urban and suburban living.

Access to Healthcare

• Healthcare Facilities: High-quality medical facilities and hospitals, like the Duke University Hospital system, offering excellent care.
• Insurance: With this salary, accessible health insurance options are readily available, ensuring adequate coverage.

Quality of K-12 Schools

• Public Schools: Strong reputation for quality education with several top-ranked schools.
• Private and Charter Options: Available and diverse options cater to various educational needs.

Assessment of Living in Raleigh, NC

Overall, a salary of $126,640 provides a high quality of life in Raleigh. The cost of living is manageable, particularly with respect to housing, which remains more affordable than in many other metropolitan areas. Residents benefit from excellent access to healthcare, top-quality educational institutions, and a vibrant community offering both cultural and