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Reply to "What is your income to allow one parent to stay at home?"
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[quote=Anonymous]We do it in the Midwest with ~125k; we planned to do it with 50k so the extra money is great. That said, the DC metro median HHI is 93k while the national median is 55k, per https://www.washingtonian.com/2016/09/21/the-dc-area-has-the-highest-median-income-in-the-us-again/, suggesting that if we could do it here at 50k, we could do it there at 93k. As others have noted, though, it does require changing your expectations, and a lot. Public schools, small house, used cars, no cable, no smart phones, etc. We're considering private schools here, but that would be much harder to swing at 50k. Then again, if we did that, DW would most likely work part time outside the home, which would cover tuition. At any rate, it's doable wherever you are if you're at median HHI for the region and willing to live a simpler life than your peer group.[/quote]
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