Quality of Life in Raleigh, NC on a $93,600 Income

Cost of Living

• General Overview: Raleigh's cost of living is slightly below the national average, which allows a $93,600 annual salary to go further than in many other parts of the U.S.
• Housing: Historically more affordable than major metropolitan areas like New York or San Francisco, but prices are rising due to demand.
• Taxes: North Carolina has a flat income tax rate of 4.75%, which is favorable compared to many states.

Housing Market

• Home Prices: As of recent reports in 2023, the median home price in Raleigh is around $410,000. This is slightly below the national median but continues to climb.
• Rental Market: Renting is a viable option, with average monthly rents for a two-bedroom apartment being around $1,600.
• Real Estate Trends: With ongoing growth and development, housing prices are expected to increase, making it a seller's market.

Quality of Life

• Lifestyle: A $93,600 salary supports a comfortable lifestyle, allowing discretional spending on dining, entertainment, and travel.
• Community and Culture: Raleigh boasts diverse cultural events, rich history, and a vibrant arts scene.
• Outdoors and Recreation: Abundant parks, trails, and access to nature provide excellent opportunities for recreation.

Healthcare Access

• Availability: Raleigh has numerous hospitals and healthcare facilities, including the highly rated UNC Health Care and Duke University Health System.
• Insurance Costs: Health insurance premiums in North Carolina align closely with national averages, potentially allowing significant coverage with employer-sponsored plans.

Quality of K-12 Schools

• Public Education: Wake County Public School System, serving Raleigh, has a strong reputation with several schools scoring above average in state testing.
• Private and Charter Schools: A range of private and charter schools offer alternative educational environments with diverse curriculums.

Overall Assessment

Living in Raleigh, NC on a $93,600 annual salary provides a good quality of life. The cost of living being slightly below the national average, coupled with a reasonable housing market, means residents can enjoy financial stability and a comfortable lifestyle. Access to quality healthcare and strong K-12 schools further enhance the life experience for families and individuals alike. As Raleigh continues to grow, it remains an attractive location for professionals and