There is no better place to live in the triangle. Honestly. The school system is second to none, the food culture is outstanding, there is a ton of stuff to do, and the people are mostly accepting of all races, ethnicities, and the LGBT!
If you're into sports, UNC has some of the best teams in the nation and one of the most talked about rivalries with Duke University only six miles away in Durham.
A lot of people say it's too expensive, but there are plenty of options for renters and owners of all income levels.
Don't get me started about MUSIC...there is too much good stuff in Chapel Hill to write about on here, TOO MUCH!