Quality of Life in Raleigh, NC on a $158,400 Annual Income

Cost of Living

• Cost of Living Index: Raleigh is slightly above the national average, but the cost of living remains reasonable compared to larger metropolitan areas.
• Utilities and Transportation: Costs are close to the national average, providing a balanced expense profile for residents.
• Groceries and Dining: Prices are relatively fair, with a wide range of options that fit various budgets.

Housing Market

• Median Home Price: As of recent data, the median home price in Raleigh is around $420,000, which is competitive compared to other thriving cities across the U.S.
• Affordability: With an annual income of $158,400, homeownership is very feasible, allowing for substantial investment in real estate without a high debt-to-income ratio.
• Rental Market: Renting is also a viable option with competitive pricing relative to many U.S. cities, offering flexibility for newcomers or those not ready to purchase a home.

Quality of Life

• Lifestyle: Residents enjoy a vibrant lifestyle with access to parks, cultural events, and a variety of recreational activities.
• Weather: The climate is generally mild, with four distinct seasons providing a balanced year-round experience.
• Community and Safety: Raleigh is known for its friendly community atmosphere and relatively low crime rates, contributing to a sense of safety among its residents.

Access to Healthcare

• Healthcare Facilities: High-quality healthcare facilities and hospitals are accessible and well-regarded, providing comprehensive care services.
• Healthcare Costs: These are moderate and align with national averages, ensuring that healthcare is accessible without excessive financial strain.

Quality of K-12 Schools

• Public Education System: Raleigh boasts a strong public education system with numerous schools ranked highly on state and national levels.
• Diverse Educational Opportunities: There are various charter schools and private institutions for parents seeking alternative education paths for their children.
• Extracurricular Activities: Schools offer a range of extracurricular activities, promoting a well-rounded educational experience.

Assessment Summary

Living in Raleigh, NC, with an annual income of $158,400, offers a comfortable and fulfilling lifestyle. The cost of living and home prices are manageable, allowing substantial room for savings or investments. The city provides excellent healthcare, outstanding educational opportunities, and a vibrant community. Overall, Raleigh presents an attractive living