Quality of Life in Raleigh, NC on a $84,480 Annual Income

Cost of Living

• Overview: Raleigh’s cost of living is slightly above the national average. However, it remains manageable, offering a balance between expenses and earnings for those making $84,480 annually.
• Groceries: Prices are modest, with costs slightly higher than the national median.
• Utilities: Generally in line with the national average, making them affordable for the income level.
• Transportation: Public transportation and commuting costs are reasonable and comparable to national figures.

Housing Market

• Home Prices:
  • The median home price in Raleigh is higher than the national average, but still relatively affordable given the city's economic opportunities.
  • For an individual earning $84,480, purchasing a home is feasible, though budgeting will be essential.
• Rental Market:
  • Renting remains a popular choice.
  • Rental rates are increasing but still offer value compared to other major cities.

Quality of Life

• Employment Opportunities: A robust job market, particularly in technology, healthcare, and education, supports a high quality of life.
• Recreation and Leisure:
  • The city offers a wide array of recreational parks, entertainment, and cultural events.
  • Proximity to both beaches and mountains provides diverse weekend getaway options.

Access to Healthcare

• Availability:
  • Raleigh provides excellent healthcare facilities, with several top-rated hospitals and specialized medical centers.
  • Insurance coverage is crucial to manage costs, but generally, services are accessible.

Quality of K-12 Schools

• Public Schools:
  • The Wake County Public School System is well-regarded, offering a range of programs and resources for students.
  • Extracurricular activities and advanced placement courses are readily available.
• Private Schools:
  • Numerous private school options offer specialized curricula but at higher tuition costs.

Summary

With an annual income of $84,480, an individual in Raleigh, NC, can enjoy a high quality of life given the city's reasonable cost of living relative to income, diverse housing options, excellent healthcare services, and strong educational systems. While some costs are slightly above average, the city's vibrant community and employment opportunities provide ample compensation.