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Earlier quoted context omitted.
Which ones?
The article listed several BART workers who earn $200+k. Do you really think their financial situation will be better if they move to St Louis?
My question was which careers force you to live in one of the most expensive cities in the world. I don't think your example of public transportation employees is a very good one.
How can anyone pay any attention to yet another west coaster who lives in a bubble? https://dqydj.com/income-percentile-calculator/ If you make $300,000 a year in household income, you are making more than 98.9% of households in the US. Our household income is a little more than half that, we live in a major metropolitan city, have a 5 bedroom 3-1/2 bath house in one of the affluent counties in the country that was b…
A national percentile calculation does not meaningfully apply when the source county is on either extreme end of the income spectrum.
In 94129, for example, 40% of households make over $200k and the average household income is $250k: https://www.incomebyzipcode.com/california/94129
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200k == about 11600 take home a month after taxes and insurance Monthly Rent : 3300 ( east bay 45 minute train ride into SF) Utlities : 350 BART riding : 260 BART parking : 60-100 or Drive to SF and Car parking $500 ( instead of the 360 BART ) Groceries : 1400 ( 2 teenage boys eat ) Car payments + insurance : 800 ( 2 cars ) renters insurance : 120 Clothing : 300 ( teenagers outgrow stuff fast ) Cell phones : 300 6930…
Having 40% of your take-home pay after covering essentials is not living paycheck-to-paycheck. But it's also true that if you're starting with nothing, saving for a down payment in such a housing market is unattainable.
Life is different when you arent single
How can anyone pay any attention to yet another west coaster who lives in a bubble? https://dqydj.com/income-percentile-calculator/ If you make $300,000 a year in household income, you are making more than 98.9% of households in the US. Our household income is a little more than half that, we live in a major metropolitan city, have a 5 bedroom 3-1/2 bath house in one of the affluent counties in the country that was b…
> If you make $300,000 a year in household income, you are making more than 98.9% of households in the US. A national percentile calculation does not meaningfully apply when the source county is on either extreme end of the income spectrum. In 94129, for example, 40% of households make over $200k and the average household income is $250k: https://www.incomebyzipcode.com/california/94129
Earlier quoted context omitted.
> If you make $300,000 a year in household income, you are making more than 98.9% of households in the US. A national percentile calculation does not meaningfully apply when the source county is on either extreme end of the income spectrum. In 94129, for example, 40% of households make over $200k and the average household income is $250k: https://www.incomebyzipcode.com/california/94129
And there are plenty of places in the US where the salary/cost of living makes more sense.
Earlier quoted context omitted.
Having 40% of your take-home pay after covering essentials is not living paycheck-to-paycheck. But it's also true that if you're starting with nothing, saving for a down payment in such a housing market is unattainable.
that is 40% for 4 people or 10% each... and you will notice I left out many costs like fuel / car maintenance. Life is different when you arent single
Living paycheck-to-paycheck means if you miss one paycheck, you'll have bills you can't pay. With the numbers you've provided, I don't see how your income and essentials would force you to not have savings to cover a few months. You didn't mention how many income sources your household has; even if 75% is from one source, having a second source does add a lot of security.