Quality of Life in Raleigh, NC on a $148,800 Salary
Overview
Raleigh, North Carolina, is known for its high quality of life, thanks to a robust economy, cultural attractions, and educational institutions. When evaluating how a $148,800 annual salary supports living in Raleigh, several factors should be considered, including cost of living, housing market, quality of life, access to healthcare, and the quality of K-12 schools.
Cost of Living
- Overall Expenses: Raleigh's cost of living is slightly below the national average, making a $148,800 salary comfortable.
- Taxes: North Carolina has moderate income tax rates, and Raleigh offers relatively low property taxes compared to other major cities.
- Utilities and Essentials: Utilities, groceries, and transportation costs are also competitive compared to the national average.
Housing Market
- Home Prices: The median home price in Raleigh is approximately $400,000, which is more affordable than many other urban areas in the U.S.
- Rental Market: Renting in Raleigh is reasonable, with average rent prices lower than those in other major tech and business hubs.
- Real Estate Trends: The housing market in Raleigh is growing, but prices remain manageable for those with an income of $148,800.
Quality of Life
- Economic Opportunities: Raleigh hosts numerous employment opportunities, particularly in tech, healthcare, and education sectors.
- Cultural and Recreational Activities: The city offers a vibrant arts scene, numerous parks, and recreational activities promoting a balanced lifestyle.
- Safety and Environment: Raleigh consistently ranks high in safety and is known for its clean, green spaces.
Access to Healthcare
- Healthcare Facilities: The Triangle area, which includes Raleigh, has access to world-class healthcare facilities and hospitals.
- Healthcare Costs: While healthcare costs are slightly above the national average, insurance options tied to employment can help mitigate expenses.
Quality of K-12 Schools
- Public and Private Education: Raleigh is home to excellent K-12 schools, both public and private, making it attractive for families.
- Educational Achievement: The city's schools generally perform well on state and national standardized tests.
- Extracurricular Options: Schools in Raleigh offer diverse extracurricular programs, including arts, sports, and technology clubs.
Summary
Living in Raleigh, NC, with a salary of $148,800
