Quality of Life in Raleigh, NC with an Income of $125,840

Cost of Living

• Overall Cost Index: Raleigh's cost of living is approximately 6% lower than the national average.
• Groceries and Dining: Costs are moderately above the national average but generally affordable.
• Utilities and Transportation: Utility costs align closely with national averages, while transportation expenses are slightly lower.
• Taxes: North Carolina has a flat state income tax rate of 5.25%, which is relatively favorable compared to some other states.

Housing Market

• Median Home Price: The median home price in Raleigh is around $350,000, which can be seen as affordable for someone making $125,840 annually.
• Renting: Rental prices have been rising recently but remain reasonable when compared to larger metropolitan areas.
• Trend: The housing market in Raleigh is experiencing growth, reflecting the area's increasing popularity and economic development.

Quality of Life

• Employment Opportunities: Strong job market, especially in technology, research, and education sectors.
• Climate: Mild climates with mild winters and hot summers; suitable for outdoor activities.
• Cultural and Recreational Activities: Abundant parks, museums, and music festivals providing a vibrant cultural scene.

Access to Healthcare

• Healthcare Facilities: High-quality healthcare facilities are accessible, including the well-regarded UNC Health Care system and Duke University Medical Center.
• Cost of Healthcare: Healthcare costs can be higher than the national average, but generally in line with available services.

Quality of K-12 Schools

• Public Schools: Wake County Public School System is one of the largest in the state, offering various programs and generally well-regarded schools.
• Private and Charter Schools: Numerous private and charter schools available, providing diverse options for K-12 education.

With a salary of $125,840, living in Raleigh, NC, is quite advantageous compared to the national cost of living. The affordable housing market relative to income, combined with Raleigh's rich job market and cultural offerings, presents a favorable quality of life. Although healthcare costs may be slightly higher, the access to high-quality medical facilities balances this aspect. The education system is robust, with numerous options for families. Overall, Raleigh provides a balanced lifestyle conducive to financial comfort and personal growth.