Quality of Life in Raleigh, NC for a $167,200 Annual Salary

Cost of Living

• Overall Affordability: Raleigh's cost of living is slightly above the national average but remains relatively manageable for someone earning $167,200 per year.
• Utilities and Groceries: Prices for utilities and groceries in Raleigh are typically close to the national average, ensuring basic living expenses are not overly burdensome.
• Transportation: With a mix of accessible public transit and reasonably priced fuel, transportation costs are moderate.

Housing Market

• Home Prices: The median home price in Raleigh is higher than the national median. However, with an annual salary of $167,200, homeownership is feasible and generally more affordable than in larger metropolitan areas like New York City or San Francisco.
• Rental Market: Rent in Raleigh is competitive, with prices slightly above the national average but still reasonable given the income level.

Quality of Life

• Employment Opportunities: Raleigh is part of the Research Triangle, providing robust job markets in tech, education, and healthcare, contributing to job security and growth opportunities.
• Cultural and Recreational Activities: The city offers numerous parks, museums, and cultural events, enriching residents' social and recreational lives.

Access to Healthcare

• Quality and Availability: Raleigh is home to top-tier hospitals and medical facilities, ensuring high-quality healthcare services. The cost is relatively aligned with national healthcare expenses.
• Insurance Coverage: With a strong salary, individuals can afford comprehensive health insurance, further enhancing accessibility to healthcare services.

Quality of K-12 Schools

• School Performance: Raleigh boasts highly rated public and private schools, benefitting from North Carolina’s emphasis on education.
• Extracurricular Opportunities: Schools offer diverse programs, from sports to arts, ensuring a well-rounded educational environment for children.

Summary of Assessment

Earning $167,200 annually in Raleigh, NC, provides a comfortable quality of life. Despite slightly elevated living costs compared to the national average, above-average income makes housing and everyday expenses manageable. The city's robust job market, excellent healthcare facilities, and high-quality education system contribute positively to life quality, making Raleigh a desirable place to live for families and professionals alike.