Quality of Life Analysis: Raleigh, NC vs. United States
Overview
A salary of $104,000 per year in Raleigh, North Carolina, provides a comfortable quality of life that is often better than the national average. This assessment includes an analysis of cost of living, housing prices, quality of life factors, healthcare access, and K-12 education quality.
Cost of Living
- Comparable Nationwide: The cost of living in Raleigh is slightly lower than the national average, making $104,000 a relatively high annual income for the area.
- Expenses Breakdown:
- Groceries: Moderately priced compared to the national average.
- Utilities: Generally more affordable than in many major metropolitan areas.
- Transportation: Costs are manageable with options for public transit and lower fuel prices compared to some regions.
Housing Market
- Median Home Price: As of the latest data, the median home price in Raleigh is approximately $350,000, which is lower than the national average. This makes home ownership more accessible for someone with a $104,000 salary.
- Rental Market: Rent prices are reasonable, offering a range of options from urban apartments to suburban homes.
Quality of Life
- Cultural Amenities: Raleigh offers a vibrant cultural scene, with museums, music venues, and community events.
- Outdoor Activities: Numerous parks and nearby natural attractions provide excellent outdoor recreation opportunities.
- Community: A friendly, welcoming atmosphere with a diverse population enhances the quality of life.
Healthcare Access
- Healthcare Facilities: Raleigh hosts several reputable hospitals and healthcare providers offering high-quality medical care.
- Insurance Coverage: With a $104,000 salary, individuals typically find health insurance options that provide comprehensive coverage.
Quality of K-12 Schools
- Education System: Raleigh is served by public schools that rank well both within the state and nationally.
- Private and Charter Options: A variety of private and charter schools are available, offering specialized programs and smaller class sizes for those who choose them.
Summary
Living in Raleigh, NC, on a $104,000 salary affords a high quality of life relative to many other parts of the United States. The cost of living aligns well with income levels, housing is affordable, and residents benefit from quality healthcare and education systems. Overall, Raleigh is a city that supports a well-rounded and fulfilling lifestyle for
