Household income is $350k and live in Arlington. Are we middle or upper middle class?

[Anonymous]

Anonymous wrote:There is no way you are middle class. Don't be ridiculous.

Do you live in no Arlington. A SFH costs over $1M even for old homes once you factor in basic renovation. At school Tesla and high end SUV are everywhere.

You are definitely only MC for families in No Arlington. Factor out young apt dwellers and older residents and you have very wealthy cohort.

The true MC has moved to fairfax b/c only option would be to live in apartments; many would qualify for affordable housing ($80k for family in Arlington ).

https://housing.arlingtonva.us/income-rent-limits/ -- this is for whole county not just No Arlington too

[Anonymous]

You make a nice income but for me, it depends on whether that is single or dual income and what your net worth is. Obviously 350k for a single income earner is better or higher class than two put together.

If your net worth is two million or under, I'd say you are middle class with the potential to be higher as you save more.

For me, class has more to do with net worth, purchasing power, and how well you can survive a catastrophic injury or lay off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is no way you are middle class. Don't be ridiculous.

Do you live in no Arlington. A SFH costs over $1M even for old homes once you factor in basic renovation. At school Tesla and high end SUV are everywhere.

You are definitely only MC for families in No Arlington. Factor out young apt dwellers and older residents and you have very wealthy cohort.

The true MC has moved to fairfax b/c only option would be to live in apartments; many would qualify for affordable housing ($80k for family in Arlington ).

https://housing.arlingtonva.us/income-rent-limits/ -- this is for whole county not just No Arlington too

Op can afford a SFH minutes from our nation's capital, presumably enjoy a short commute and send her kids to one the best public school districts in the country. She might be in the middle of families in N Arlington, but that doesn't make it middle class.

[Anonymous]

Anonymous wrote:You're considered wealthy, not average or poor.

For me, upper class means something else

This. Although I'm not smiling, because it will never stop disgusting me how out of touch people are with the ugly reality of how most live.

[Anonymous]

It depends. If most of your income is going towards an average house and childcare expenses I'd say you're very middle class.

If you have a paid off nice home and most of your income is from one salary and is almost all disposable I'd say you're upper class in regards to income.

[Anonymous]

Anonymous wrote:To me that isn't middle anything. You are upper class.

+1

[Anonymous]

If you cannot figure that out yourself, you are pretty ignorant. And damn lucky to be making that much with such less intelligence.

[Anonymous]

Do you also drive a BMW and send your children to private school?

[Anonymous]

Are you serious?

[Anonymous]

Anonymous wrote:It depends. If most of your income is going towards an average house and childcare expenses I'd say you're very middle class.

If you have a paid off nice home and most of your income is from one salary and is almost all disposable I'd say you're upper class in regards to income.

Wow--just wow. If that's what they're spending $$ on it doesn't make you less upper class. Wtf is wrong with people here. The median income in the US is 55k,THAT is middle class!

[Anonymous]

Anonymous wrote:Nah, you might be 1% nationally, but not locally.

https://www.google.com/amp/s/amp.businessinsider.com/income-required-to-be-in-the-top-1-in-the-most-expensive-us-cities-2016-4
And once you look at Arlington, my guess is you're in the border or MC/UMC. I'd say HHI has to be $450-500k+ in Arlington to be UMC.

You people all suck at math. Even on that list of the 11 most expensive cities in the country, $350K is well above the 95th percentile. If only 3-4% of a city can be MC, you need a different definition of "middle".

[Anonymous]

This is always an obnoxious navel-gazing line of conversation, but the fact that you feel like pursuing it this particular weekend makes me want to punch you in the face, and I do t typically have that reaction. And yes, you are wealthy. The fact that you live close to a lot of other wealthy people is not an indicator that in fact you aren't properly considered wealthy. It is an indicator that you are in fact wealthy. I am similarly wealthy. Congratulations! This is it! Now get you head out of your ass.

[Anonymous]

Humble brag much?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It depends. If most of your income is going towards an average house and childcare expenses I'd say you're very middle class.

If you have a paid off nice home and most of your income is from one salary and is almost all disposable I'd say you're upper class in regards to income.

Wow--just wow. If that's what they're spending $$ on it doesn't make you less upper class. Wtf is wrong with people here. The median income in the US is 55k,THAT is middle class!

You're wrong. If they are spending most of their income on childcare and a mortgage for a normal house hey can't afford any of the luxuries that one associatesnwith being wealthy, such as luxury cars, private school, expensive vacations, etc.

If I didn't tell you the income but described a family that spent most of their income on an average house and childcare would you call them wealthy?

[Anonymous]

Who cares what class you are? Only you...