Quality of Life in Raleigh, NC on an $181,680 Annual Salary

Overview

Raleigh, NC, part of the Research Triangle area, is known for its vibrant economy, high quality of life, and relatively affordable cost of living. Earning $181,680 annually in this city provides a comfortable lifestyle compared to many other parts of the U.S.

Cost of Living

• Affordability: The overall cost of living in Raleigh is slightly above the national average but still more affordable than other major tech hubs like San Francisco or New York.
• Expenses Breakdown:
  • Groceries: Prices are reasonable and in line with the national average.
  • Utilities: Utility costs are slightly below the national average, offering savings compared to other urban areas.
  • Transportation: Costs are moderate. Public transportation is available but owning a vehicle is common and slightly more economically manageable.

Housing Market

• Home Prices: The median home price in Raleigh is above the national average, primarily due to the city's popularity and economic growth. However, it remains lower than many other major metropolitan areas.
• Market Trends: The housing market is competitive, with a strong demand driven by the influx of professionals relocating for job opportunities.
• Rental Properties: Rent is more affordable compared to larger cities, offering plenty of choices from apartments to single-family homes.

Quality of Life

• Safety: Raleigh is generally safe, with crime rates lower than the national average, contributing to its appeal for families.
• Recreation: The city boasts numerous parks, museums, and cultural venues, providing ample recreational opportunities.
• Community: Known for its warm and welcoming residents, Raleigh has a strong sense of community.

Access to Healthcare

• Healthcare Facilities: High-quality healthcare is widely accessible, with several top-rated hospitals and specialized medical services available.
• Insurance Costs: Health insurance premiums are around the national average, but comprehensive coverage options are readily available through employers and private plans.

Quality of K-12 Education

• Public Schools: The Wake County Public School System, serving Raleigh, is one of the largest in the nation and maintains a strong reputation for academic excellence.
• Private Schools: Numerous private and charter schools offer additional options for tailored education experiences.
• Educational Resources: Ample resources and extracurricular opportunities are available to enhance student development.

Assessment Summary

Earning $181,