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Reply to "Solidly middle-class people, please come in!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I make 110K however the median household income in my area is 137K and cost of living is very high. As a single individual I was doing ok (able to max my retirement savings) and took home 57K last year (after deductions and taxes). Not much room for extras and I do drive a 20y.o. car but still felt comfortable. However as an expectant parent, it's actually not enough to be able to afford my rent (2650 for a 500 sqft apartment), infant daycare 2400-3000/month (not sure where I will get in off the waiting list and still looking for lower cost options), extra cost of health insurance for my child (an extra $472/month) plus pay for student loans, disability insurance, car insurance, food, etc without drastically reducing retirement savings. I'm looking at jobs in lower cost of living areas of the country. So even though my income places me in the top 20th percentile for national individual income (although only 70 percentile for household income), I guess I am middle class. Feeling a bit discouraged since I obvious can't really afford to have a kid in the area I currently l live, but I am determined to make it work somehow since it seems ridiculous to make so much more than the average person in this country and families with much lower income than me make it work somehow. [/quote] You realize plenty of us live off what you make with a family. You have a spending issue, not income issue. [/quote] My spending issue is directly related to the cost of living in my area. Happy to hear suggestions on how to reduce spending without moving to a different area of the country. [/quote] You realize you are posting in a very high cost area?[/quote] Different poster here. Not nearly as high as certain other high COL areas, PP. It makes a difference.[/quote] PP, Yes I looked at a job in the DC area a few years ago and cost of living was definitely lower than where I currently live. I would be less stressed in the DC area even though compared to the rest of the country it is a high cost of living area. [/quote]
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