Quality of Life in Raleigh, NC on $101,040 per Year

Summary of the Cost of Living

• Cost of Living Index: Raleigh's cost of living index is slightly above the national average but remains more affordable than other major metropolitan areas.
• Expenses Breakdown:
  • Housing: Significantly lower than cities like New York or San Francisco.
  • Transportation and Utilities: Generally on par with national averages.
  • Groceries and Dining: Affordable, with costs similar to other mid-sized U.S. cities.

Housing Market Assessment

• Median Home Price: As of 2023, the median home price in Raleigh is around $370,000, which is below the national average.
• Affordability: With a salary of $101,040, purchasing a home in Raleigh is more feasible compared to larger, more expensive urban areas.
• Renting vs. Buying: Potentially favorable for purchasing due to moderately appreciating home values and investment security.

Quality of Life

• Climate: Enjoys a mild climate with four distinct seasons.
• Recreational Activities: Offers numerous parks, cultural events, and a growing food scene.
• Community: Known for a friendly and welcoming community with a strong emphasis on southern hospitality.

Access to Healthcare

• Healthcare Facilities: Raleigh is home to several high-quality hospitals and medical centers, such as UNC Rex Hospital and Duke Raleigh Hospital.
• Availability: Residents have relatively easy access to both primary care and specialized medical services.
• Health Insurance: Employer-provided insurance or private plans are often affordable on a $101,040 salary.

Quality of K-12 Schools

• Public Education: Wake County Public School System is one of the largest and most reputable in North Carolina.
• Private School Options: Multiple well-regarded private schools are available.
• Performance Metrics: Schools often score above the state average in standardized tests and graduation rates.

Overall Assessment

• A salary of $101,040 in Raleigh, NC, provides a comfortable lifestyle with the ability to manage housing costs effectively. The cost of living and quality education options make it an attractive location relative to the average benchmarks in the wider United States. Access to healthcare and a vibrant community life further enhance the appeal of residing in Raleigh.