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.
