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Reply to "Support a family of 4 on $55k/year"
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[quote=Anonymous][quote=Anonymous]Not without some type of govt assistance - [b]reduced fee daycare[/b], food stamps, housing assistance, disability income,etc[/quote] OP said a family of 4 with one breadwinner. Hence, one spouse is staying home with the children and no need for daycare. It's very tight, but doable. With $55K, you are taking home about $3500/month net (I used the payroll calculator at [url]http://www.surepayroll.com/calculator/calc_paycheck_netpay.asp[/url], taking home $55K, 2 deductions for the children and monthly pay--it said $3484.79 for net pay). I looked at apartments and you can rent 3 BR apartments for $2000-2200 in the Fairfax area. That leaves $1300-1500 for everything else. Utilities would probably be about $200-250 (including phone). Several people on another thread said that they feed a family of 4 on about $600-800 per month. That leaves about $300 per month for everything else. If you are willing to have a 2-BR apartment, it's more like $1800-2000 and you end up with about $500 per month for everything else. Yes, it's very tight, but doable. [/quote]
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