Quality of Life for an Individual Earning $95,880 Annually in the United States

Income Overview

• Annual Income: $95,880
• Monthly Gross Income: Approximately $7,990

Cost of Living

1. General Overview:

   • The cost of living in the U.S. varies significantly depending on the state and city.
   • Overall, $95,880 is above the national average household income, which tends to improve living standards.

2. Key Expenses:

   • Food: Grocery costs are moderate, with variations based on location.
   • Utilities: Utility costs vary but generally remain within a manageable range of monthly expenditure for this income bracket.
   • Transportation: Cost-effective options are available, with public transit as a viable alternative in urban centers.

Housing Market

1. Home Affordability:

   • Median Home Price in the U.S. (2023): Approximately $400,000.
   • With a $95,880 income, affording a home in many areas outside expensive metros is feasible, assuming a reasonable down payment.

2. Rental Market:

   • Rent constitutes a significant expense, but this income allows for comfortable renting in many urban and suburban areas, especially when aiming for modest-sized accommodation.

Quality of Life

1. Discretionary Spending:

   • The income level permits discretionary spending on entertainment, dining out, and leisure activities, contributing to a higher quality of life.

2. Savings and Investment Potential:

   • Allows room for savings, retirement contributions, and investment, fostering long-term financial security.

Access to Healthcare

• Healthcare Coverage: Employer-sponsored health insurance is generally accessible at this income level.
• Healthcare Costs: Can still be a significant expense, but the earnings allow for better navigation of healthcare services and emergencies.

Quality of K-12 Schools

1. Public Schools:

   • Access to quality public education varies widely by location. Affluent areas often boast better-funded and higher-performing schools.

2. Private Schools:

   • The income may facilitate enrollment in private schools, especially in regions where public schools underperform, offering more educational choices.

Assessment Summary

Individually earning $95,880 annually in the United States generally assures a comfortable standard of living, contingent on location. The income supports adequate housing, discretionary spending, and saving capabilities while providing access to essential services like healthcare