Quality of Life in Raleigh, NC on a $116,800 Annual Salary

Summary of Cost of Living

• Competitive Living Costs: Raleigh's cost of living is slightly below the national average, making it affordable relative to many metropolitan areas in the U.S.
• Goods and Services: Everyday expenses like groceries, dining, and transportation are moderately priced compared to national averages.
• Utilities: Costs for utilities like electricity and water are on par with or slightly lower than the national levels.

Housing Market

• Moderate Home Prices: The median home price in Raleigh is generally lower than in other major cities like New York or San Francisco, making home ownership more accessible.
• Growing Market: Raleigh’s housing market is experiencing growth due to a robust job market, which might drive prices up over time but currently remains within a manageable range for a median income earner.
• Rental Market: Rent prices are reasonable, providing quality options for both single professionals and families.

Quality of Life

• Positive Work-Life Balance: Raleigh offers a blend of urban and suburban lifestyles, allowing for a good work-life balance with ample recreational and cultural amenities.
• Outdoor and Cultural Activities: Residents enjoy access to parks, nature trails, museums, and music festivals, enhancing the overall quality of life.

Access to Healthcare

• Strong Healthcare System: Raleigh hosts several top-tier healthcare facilities, including hospitals and specialized medical centers.
• Health Insurance Coverage: With an income of $116,800, individuals can usually afford comprehensive health insurance, providing access to quality healthcare services.

Quality of K-12 Schools

• Well-Respected School Districts: The Wake County Public School System is highly regarded, offering a variety of educational programs and resources.
• Public and Private Options: The area provides numerous choices for both public and private schooling, ensuring a wide range of academic and extracurricular opportunities.

Overview

Living in Raleigh with an income of $116,800 allows for a comfortable lifestyle with manageable costs in essential areas such as housing, education, and healthcare. The area supports a high quality of life with vibrant community life, opportunities for engagement, and professional growth.