Reply to What's a decent household income to live in Bethesda?

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[quote=Anonymous]Depends what you mean by "feeling poor." We live in Bethesda. Combined income of $225k. Small fixer-upper cost $640k and I guarantee you it's worse than yours (ie, no dishwasher, no driveway, etc). One kid in preschool and hoping for another. Paying two day care tuitions simultaneously will require a dip into savings, for sure. We max out our retirement, have one car, commute on the metro, and save about $1000 per month (half of which goes into a 529 for the kid). We don't feel poor, in that we can eat out if we want to, we can buy books or toys or see movies if we want to. We cannot afford to take a real vacation, though, at least not without compromising our savings. (And we need to save because we are looking at IVF for kid #2.) We don't wear expensive clothes; hell we don't even buy clothes until the ones we have wear out. We grit our teeth every time there is a home repair. Private school is out of the question. We worry about saving for college. Etc. All in all, we make a shit ton of money, but it's a very expensive area to live in, so we don't feel rich, particularly when people talk about vacationing to Disney or abroad or anywhere that requires a plane ride and we aren't doing that. But clearly we are not poor. And neither are you. [/quote]

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