Quality of Life Assessment for an Individual Earning $79,390 in the United States

The annual income of $79,390 places an individual comfortably in the middle-income bracket in the United States. However, the quality of life experienced can vary significantly based on cost of living factors, the housing market, access to essential services, and more.

Cost of Living

• Average Variability: The cost of living in the United States varies widely. An individual with this salary may live comfortably in some regions but struggle in others.
  • Affordable Regions: Smaller towns and cities in the Midwest and South generally offer lower living costs.
  • Expensive Regions: Urban areas, especially in states like California, New York, and Massachusetts, have higher living costs.

Housing Market

• Accessibility: The national median home price in the U.S. as of late 2023 is around $375,000.
  • Regional Differences: Housing is more affordable in rural and certain suburban areas. In contrast, prices are steep in metropolitan regions.
  • Renting vs. Buying: Renting might be a more viable option in expensive areas, though rental costs can still be high in metropolitan zones.

Quality of Life

• Discretionary Income: A $79,390 salary allows for discretionary spending, savings, and investment after covering basic living expenses in most regions.
• Leisure and Lifestyle: Access to dining, entertainment, and other lifestyle amenities will largely depend on the living area.

Access to Healthcare

• Healthcare Quality: The U.S. offers excellent healthcare facilities, though costs are high. Having employer-provided health insurance is beneficial.
• Insurance Importance: The type and quality of health insurance coverage can significantly affect out-of-pocket expenses.

Quality of K-12 Schools

• Public Education: Quality varies drastically by district. Suburban areas often have better-funded schools compared to inner-city or rural areas.
• Considerations for Parents: Families might consider private schooling or residing in areas known for high-quality public schools, which could affect housing decisions.

Summary

An income of $79,390 allows for a moderate to comfortable lifestyle in many parts of the United States, though regional disparities significantly impact living standards. Housing affordability remains a key factor, with many opting for locations that balance home prices with job opportunities. Overall, achieving a desirable quality of life will depend on