Reply to Does having a 'six figure' salary mean what it used to mean?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"So, making $100K in SF, DC, NY (below median)"

$100k is not below the median in any of those cities.[/quote]

Yes, it is.  I'm not talking city proper.  It includes the surrounding suburbs.  [/quote]

So you're talking about specific neighborhoods. In that case, you could find those in any state in the country.[/quote]
No.   It wasn't specific to a neighborhood.

http://www.bizjournals.com/washington/blog/2014/08/median-incomes-for-four-person-households-in-d-c.html

"Maryland leads in the latest estimates, as it did last year, with a four-person median household income of $106,452, up from the 2014 estimate of $105,348...The District, meanwhile, made a huge leap year over year, from $87,902 in 2014 to $100,408 in 2015... Virginia, with an estimated median four-person household income of $91,442, is sixth among the states."[/quote]

You're kind of mixing things up.

What you cite is median household income for a four person household. That is not median salary. Mom and dad making 47500 each would hit the median. If each made 100k, it would be twice the median.

Long and the short of it is that making 100k per year is making a high salary. Period. You can't say "I only make the median and am therefore not well-off" when your spouse also has an income. [/quote]

Well, generally, you look at how much the HHI can get you based on the COL.  So, yes, you would look at both incomes.  And as a PP mentioned, a median HHI income of $100K doesn't get you much around the DC area.  In Nebraska, yes, in SF, NY, DC area, no.  I have lived in SF, LA, and DC area.  $100K is not that much in these places.[/quote]

One salary does not generally equal HHI in the DC area. Nationally, 60% of households are dual income. I would guess that is significantly higher in DC. So, if you have a salary of 100 and your spouse has a salary of 50, your HHI is 50% more than the median.

So, at the end of the day a salary (not HHI) of 100k is significant. [/quote]
Yes, by itself, a salary of $100K is pretty good, but still, around here $100K won't get you as much as in Nebraska.  And in relation to OP's topic "is it what it used to mean", then the answer is "no", given the rate of inflation, and especially around high COL areas like DC and SF.[/quote]

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