Quality of Life in Raleigh, NC for an Annual Income of $84,800

Cost of Living

• Overall Affordability: The cost of living in Raleigh is slightly below the national average, making it relatively affordable compared to other metropolitan areas.
• Expense Categories:
  • Groceries: Similar to national average costs.
  • Utilities and Transportation: Generally affordable, with utilities being slightly lower than the national average.
  • Healthcare: Marginally higher than the national average, but not prohibitively expensive.

Housing Market

• Home Prices: The median home price in Raleigh is moderately higher than the national average, reflecting a competitive housing market driven by growth and demand.
• Rental Costs: Renting can be more manageable, with prices on par with national urban area averages.
• Market Trends: The housing market is growing, with prices appreciating, yet still offering more value compared to regions like the Northeast or West Coast.

Quality of Life

• Income Appropriateness: An annual income of $84,800 allows for a comfortable lifestyle, including homeownership, dining out, and engaging in local cultural and social activities.
• Job Opportunities: Raleigh hosts a thriving job market, particularly strong in technology, research, and education sectors.

Access to Healthcare

• Healthcare Facilities: The city has a wide array of healthcare facilities, including renowned hospitals and specialized medical centers.
• Insurance and Costs: While healthcare costs slightly exceed the national average, employer-sponsored insurance often mitigates expenses.
• Availability of Services: High availability of medical professionals and services ensures accessible care for residents.

Quality of K-12 Schools

• Public School System: Raleigh offers a strong public school system with many schools receiving high ratings for academic performance and teacher quality.
• Private School Options: Wide range of private and charter schools providing diverse educational opportunities.
• Extracurricular and Facilities: Emphasis on STEM programs, arts, and sports, supported by well-maintained facilities.

Summary

Living in Raleigh, NC, with an income of $84,800 per year provides a high quality of life characterized by affordable living conditions, competitive housing options, accessible healthcare, and excellent educational opportunities. The city's economic growth, vibrant cultural scene, and extensive amenities foster an environment where individuals and families can thrive comfortably.