Quality of Life in Raleigh, NC with a $164,080 Annual Income

Cost of Living

• Cost of Living Index: Raleigh's cost of living is generally on par with or slightly below the national average. This allows individuals earning $164,080 per year to enjoy a comfortable lifestyle.
• Groceries and Transportation: While grocery prices are close to national averages, transportation costs are more favorable due to efficient infrastructure and public transit options.

Housing Market

• Median Home Price: As of the latest data, the median home price in Raleigh is approximately $370,000, which is lower than cities with similar economic profiles.
• Affordability: With an income of $164,080, individuals can comfortably afford mortgage payments, giving them access to a variety of housing options ranging from single-family homes to upscale apartments.

Quality of Life

• Standard of Living: A $164,080 salary allows for a high standard of living in Raleigh, including access to cultural activities, dining, and recreational facilities.
• Safety and Environment: Raleigh is known for its family-friendly environment with low crime rates and plenty of green spaces, contributing positively to the overall quality of life.

Access to Healthcare

• Healthcare Facilities: Raleigh is home to several reputable hospitals and healthcare providers. Access to high-quality medical care is widely available and diverse.
• Healthcare Costs: The cost of healthcare is reasonable compared to national averages, making it financially manageable alongside a salary of $164,080.

Quality of K-12 Schools

• Public Schools: The Wake County Public School System offers strong academic programs, with many schools receiving high ratings.
• Private and Charter Schools: Raleigh also offers a selection of private and charter schools, providing various educational options for families.

Summary of Assessment

An annual income of $164,080 allows individuals in Raleigh, NC, to enjoy a high quality of life. The cost of living remains reasonable, with housing being particularly affordable compared to many urban areas in the United States. Residents benefit from excellent healthcare services and commendable schools, contributing to a vibrant and supportive community environment.