Quality of Life in Raleigh, NC on a $69,040 Annual Salary

Summary of Cost of Living

• Comparable to National Average: Raleigh's cost of living is close to the national average, making it a manageable city for those earning around $69,040 per year.
• Expense Breakdown:
  • Housing: Slightly above the national average.
  • Utilities: Generally aligned with national costs.
  • Transportation: Reasonably priced, with public transport and moderate gas prices.

Housing Market

• Median Home Price: As of the latest data, the median home price in Raleigh ranges from $350,000 to $400,000.
• Affordability: A $69,040 salary may require careful budgeting or dual incomes for homeownership, especially for first-time buyers.
• Rental Market: Offers a range of options from affordable apartments to costlier homes, with an approximate median rent aligning with or slightly higher than national rents.

Quality of Life

• Work-Life Balance: Raleigh offers a balance of career opportunities and leisure activities, contributing to a good quality of life.
• Outdoor and Cultural Activities: Plenty of parks, museums, and cultural events, enhancing lifestyle quality.
• Job Market: Strong in technology, research, and education sectors, providing stable employment opportunities.

Access to Healthcare

• Healthcare Quality: High-quality healthcare facilities and providers are available, associated with major institutions like Duke University Health System.
• Cost: Healthcare costs are in line with national averages, providing decent insurance coverage is available.

Quality of K-12 Schools

• Public Schools: Rated above average, with numerous highly-rated elementary, middle, and high schools.
• Educational Choices: Availability of public, charter, and private schools, giving families multiple options.
• Extracurricular Programs: Strong emphasis on sports, arts, and science programs, contributing to a well-rounded education.

General Assessment

Living in Raleigh, NC, on a $69,040 salary typically affords a reasonable quality of life. It aligns closely with national averages for cost of living but may require strategic financial planning when navigating the housing market, whether renting or buying. The city offers a vibrant lifestyle with robust job opportunities, quality education, and adequate healthcare access.