Quality of Life in Raleigh, NC: An Income Perspective

Cost of Living

• Overall Affordability: Raleigh has a cost of living slightly above the national average.
• Groceries and Utilities: Prices for groceries and utilities tend to be competitive, often aligning closely with national figures.
• Transportation: Costs related to transportation, including public transit and fuel, are generally reasonable.

Housing Market

• Median Home Prices: As of recent data, Raleigh's median home price stands higher than the national average, driven by its desirable living conditions and economic growth.
• Rental Costs: Rent in Raleigh is moderately priced compared to other major cities, with a range of options available for different budgets.
• Property Taxes: North Carolina’s property tax rate is relatively low, contributing positively to home affordability.

Quality of Life

• Recreational and Cultural Opportunities: Raleigh offers a rich array of parks, music venues, museums, and art galleries, enhancing life quality.
• Climate: The region enjoys a mild climate, with four distinct seasons, conducive to year-round outdoor activities.
• Community and Safety: The city is known for its welcoming community and generally low crime rates.

Access to Healthcare

• Healthcare Facilities: Raleigh boasts a robust healthcare system, featuring top-ranked hospitals and a variety of medical specialists.
• Health Insurance: The cost of health insurance can vary, but options are generally extensive and affordable compared to other parts of the country.

Quality of K-12 Schools

• Public Education: Public schools in Raleigh are highly regarded, with many schools rated above the state average.
• Private and Charter Schools: There are numerous private and charter school options, providing parents with educational choices.
• Higher Education: Proximity to esteemed universities like North Carolina State University enhances educational prospects and cultural vitality.

Summary

Earning $174,640 per year in Raleigh, NC, provides a comfortable standard of living. The cost of living, while slightly above the national average, is compensated by the city's high quality of life, marked by excellent schools, accessible healthcare, and vibrant cultural facilities. The housing market remains competitive but offers value given the benefits of residing in a dynamic and growing metropolitan area.