Reply to Support a family of 4 on $55k/year

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[quote=Anonymous]14:15 here - of course I would not do a 3BR - I'd do a 2 BR for sure - it's just that since we had a place we were renting in a not great area in Reston I wanted to throw out rent as a comparison.  You're still shelling out $1600 min for a 2 BR any place that you don't have to have a car - and that's going to be a scary place.  My point is that HOUSING here sucks. My illustration is to point out that housing will take 50% of your income in DC.

For $55k/yr I'm going to say you can barely get by and I would move to Omaha, Indy or something.  Seriously, I'd move to some place that is a mid size city for example.  The industries here that make you a ton of money are law, politics, IT borderline maybe - and professional jobs like DR, CPA, non-profit jobs.  But if you are let's say a recruiter in DC, you are going to make about the same money in Chicago for example.  So say you work for the government - depending on what you do - get into the private sector or if you move to a different city and do similiar - you are likely going to make the same amount.  I mean I don't know exactly what that person is doing but what I'm saying is that the value of being in DC making a $55k salary/year is not worth that amount from a living standard perspective.  And that big reason is housing.  That's what I'm suggesting.[/quote]

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