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Reply to "relocating to DC - budget for family of 4"
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[quote=Anonymous][quote=Anonymous]OP here. Many thanks to all who responded. The insights and different points of view are all very helpful. I don't mind driving, just not a big individual car aficionado, but as some suggest when in Rome might as well do as the Romans do. One point that wasn't immediately clear to me - are the salary ranges quoted gross or net of taxes? They seem higher than the living costs discussed, but I assume that this is because the figures factor in a substantial level of savings to deal with some of the more expensive aspects of long term living in America, like healthcare, higher ed, etc.?[/quote] The annual salaries quoted are gross, the monthly spend is likely net. Yes, healthcare and taxes, and at least one car, but also you'll be wanting to make retirement contributions and save for your childrens' college, right? When I told you minimum $400K per year combined, I was assuming you'll do some saving and have one car.[/quote]
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