Quality of Life in Raleigh, NC on a $123,120 Salary

Overview

Raleigh, North Carolina is known for its vibrant community, strong job market, and quality services. Earning $123,120 annually in Raleigh positions one comfortably above the median household income, offering a quality lifestyle relative to many parts of the United States.

Cost of Living

• Cost Benefit: The cost of living in Raleigh is slightly below the national average, making it an attractive place for those earning a significant salary.
• Expenses: Basic expenses such as groceries, utilities, and transportation are relatively affordable.
• Discretionary Spending: With a higher income, you have more flexibility for discretionary spending, dining out, and entertainment.

Housing Market

• Affordability: The median home price in Raleigh is competitive, yet slightly trending upwards due to a growing demand.
• Housing Options: You have access to a range of housing choices, from suburban homes to downtown apartments.
• Investment Potential: Owning property in Raleigh can be a good investment, given the city's growth trajectory.

Quality of Life

• Community and Culture: Raleigh boasts a diverse cultural scene, friendly neighborhoods, and a variety of recreational activities.
• Employment Opportunities: As part of the Research Triangle, Raleigh has a robust job market, especially in tech, education, and healthcare sectors.

Access to Healthcare

• Healthcare Facilities: Raleigh offers excellent healthcare services with access to top-tier hospitals and medical professionals.
• Insurance: With a salary of $123,120, securing good health insurance coverage is more manageable, ensuring peace of mind for medical needs.

Quality of K-12 Schools

• Public Schools: Raleigh offers some high-performing public schools, supported by a community that values education.
• Private and Charter Schools: There are numerous private and charter schools offering diverse educational options.
• Educational Opportunities: The presence of higher educational institutions provides additional resources and opportunities for school-age children.

Summary

Living in Raleigh with an income of $123,120 provides a high quality of life with a balanced blend of affordability and amenities. The slightly below-average cost of living, competitive housing market, excellent healthcare access, and strong educational institutions make Raleigh a desirable place to settle, offering a lifestyle that is both vibrant and sustainable compared to other parts of the country.