Quality of Life in Raleigh, NC with an Annual Income of $138,400

Summary of Cost of Living

• Overall Cost of Living: Raleigh's cost of living is slightly above the national average. It is more affordable than many major metro areas.
• Key Expenses:
  • Groceries: Slightly below national averages, with a diverse range of affordable options.
  • Utilities: Generally consistent with national averages.
  • Transportation: Costs are moderate, with public transit options available but not as robust as in larger cities.

Housing Market

• Median Home Price: As of recent data, Raleigh's median home price is approximately $400,000, which is higher than the national median but lower than other tech hubs such as San Francisco or NYC.
• Rent vs. Buy: With an income of $138,400, the option to purchase is feasible, though competitive with higher demand and rising prices in desirable neighborhoods.
• Investment Potential: A growing city with increasing property values, offering a good potential for long-term investment.

Quality of Life

• Weather and Environment: Mild climate with four seasons, lush parks, and outdoor recreational activities.
• Cultural and Social Activities: Rich cultural scene with museums, music festivals, and vibrant local cuisine.
• Community and Safety: Known for being a safe, family-friendly environment with strong community engagement.

Access to Healthcare

• Healthcare Facilities: Home to numerous well-regarded hospitals and medical centers.
• Healthcare Costs: Costs are comparable to national averages, but with access to high-quality care, particularly in specialized medical fields.

Quality of K-12 Schools

• Public Schools: Several highly rated public schools, supported by active parental involvement and community resources.
• Private and Charter Schools: Various options available, providing parents with the ability to choose based on educational philosophy and needs.
• Educational Opportunities: Wide range of extracurricular and academic programs, promoting a well-rounded education for students.

Assessment

Raleigh, NC, offers a high quality of life for someone earning $138,400 annually. While the cost of living is slightly above average, strong amenities, good education systems, and overall wellbeing balance these costs effectively. With a competitive housing market yet still lower-than-average national costs for major cities, Raleigh proves to be a desirable location for those looking to maintain a comfortable lifestyle