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Reply to "How much does a family of 4 need to make to be comfortable in dc area."
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[quote=Anonymous]Let's assume you take home $5,300/month, which is probably about right given what your credits and refunds will be. Assume $2400 for day care right off the bat. Housing/ $1800 for a 2br - You could find a 2br that's a bit larger for close to $1700 in parts of not-super-desirable Arlington. You could also likely find a 2br for $1800 or so in Glover Park or other parts of DC (Fort Totten, Takoma, etc...) that's public-transit accessible if you looked hard. I'd recommend living IN the city because you'll be able to take advantage of free preschool earlier (age 3) and save a ton. This leaves $1300 for food, transit, utilities, and extras. That's tight but you can do it if you're careful and a planner, or if your day care costs are less than I quote. Do you have a car payment or loans? What does the wife do? Is it possible to find a higher paying job or a PT job that allows you to cut down on childcare while making a similar amount? [/quote]
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