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Reply to "How much annual income needed to raise 2 children in D.C?"
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[quote=Anonymous]We are doing it on $170k and it isn't quite enough. We have two kids in DCPS, a $450k mortgage (thanks to buying a decade ago), and live in the middle of DC. We earned a little less during the nanny share years and it was more of a struggle. We are saving well for retirement and some, not really enough, for college. Vacations are always visits to family. I say it's not quite enough because we carry a balance on our credit card and have no wiggle room on schools--we love our elementary but are going to be relying on charters for middle and high school. We don't make enough to send even one kid to private, and we aren't saving much outside of retirement/college. So I'd say: to be truly comfortable in DC, $200k is good. But we are very happy, love our house/school, and are certainly not poor.[/quote]
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