Quality of Life in Raleigh, NC on a $140,320 Annual Salary

Cost of Living

• Overall Expenses: Raleigh's cost of living is slightly above the national average. With an annual salary of $140,320, individuals can comfortably cover their living expenses while saving for the future.
• Housing Costs: Housing is a significant factor, with some offset by higher wages. The overall cost of homes is higher than the national average but remains more affordable than many other metropolitan areas.
• Utilities and Groceries: These are generally on par with the national average, allowing for manageable monthly budgets.

Housing Market

• Median Home Prices: Raleigh's housing market is competitive, with median home prices trending above the national average, roughly reflecting the demand and growth of the area.
• Home Ownership Feasibility: With a substantial income, buying a home is attainable, though prospective buyers might need to act swiftly in a dynamic market.
• Renting Options: For those preferring to rent, there are a variety of choices, from luxury apartments to affordable housing, with rent prices slightly higher than the wider U.S. market.

Quality of Life

• Community and Safety: Raleigh boasts a strong sense of community and low crime rates compared to other cities, contributing to an overall positive living experience.
• Recreational Activities: The city offers diverse recreational options, from outdoor parks and trails to vibrant cultural events, enhancing leisure and lifestyle quality.

Access to Healthcare

• Healthcare Facilities: Raleigh provides top-tier healthcare services with several renowned hospitals and medical centers.
• Healthcare Costs: Healthcare expenses are slightly above average but are backed by quality care and comprehensive insurance plans prevalent in the area.

Quality of K-12 Schools

• Public Education: The Wake County Public School System is one of the largest in North Carolina, offering a range of educational options and specialized programs.
• School Performance: Schools in Raleigh generally perform well on standardized tests and benefit from active community involvement and support.
• Private and Charter Schools: There are numerous private and charter schools for families seeking alternatives, providing various educational philosophies and curriculums.

Assessment

Individuals earning $140,320 annually in Raleigh, NC, can generally enjoy a comfortable lifestyle. The income allows for home ownership opportunities, access to quality healthcare, and the ability to benefit from good educational systems. While the cost of living