Quality of Life Assessment for a $138,635 Annual Income in the United States

Earning an annual income of $138,635 in the United States offers a relatively comfortable lifestyle, allowing for above-average access to amenities and services. Let's break down the cost of living, housing market, quality of life, access to healthcare, and education quality for someone in this income bracket.

Cost of Living

• General Expenses: An income of $138,635 significantly surpasses the median U.S. household income, which means you generally have more disposable income and can maintain an affluent lifestyle.
• Major Cities vs. Rural Areas:
  • Urban Living: In major cities like New York, San Francisco, or Los Angeles, the cost of living is higher, with housing being a significant expense. However, this salary can still afford a comfortable lifestyle albeit with careful budgeting.
  • Suburban/Rural Areas: In smaller cities or rural areas, this income allows for more financial freedom with lower housing costs and general expenses.

Housing Market

• National Average: The median home price in the U.S. varies widely by region. As of late 2023, it hovers around $400,000.
• Affordability:
  • Urban Housing: In expensive markets, home affordability might be a challenge, but a high income allows for more flexible options, including renting in premium locations or purchasing smaller homes.
  • Suburbs: In less expensive areas, this income can purchase a larger home with more amenities, enhancing living comfort.

Quality of Life

• Recreational Activities: Access to entertainment, dining, and cultural activities is robust, especially in or near urban centers.
• Work-Life Balance: This income level allows for potential investments in work-life balance, such as vacations, hobbies, and leisure activities.

Access to Healthcare

• Insurance Affordability: The income allows for comprehensive health insurance coverage, reducing out-of-pocket expenses.
• Healthcare Quality: Access to quality healthcare services is typically higher, enabling timely and advanced medical care.

Quality of K-12 Schools

• Public Education: Access to high-quality public schools is more likely, especially in affluent neighborhoods where funding and resources are better.
• Private Education Options: Choosing private schooling is feasible with this income level, providing more educational choices for families.

Summary