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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Often 2/3 of students at top ranked schools are getting need based aid that covers the vast majority of costs, on average.

200k is the typical cut off for need based aid (about the income level of a couple of school teachers at the peak of their careers aka “the wealthy”)

It just seems these schools must be populated primarily with lower income kids and then 1/3 rich kids.

I guess middle class kids end up at state school. 
[/quote]

Poverty line is $35k per year.  Median American income is $69k. $200 k annual warning is top 10% nationally.  [/quote]
$220K in DC area is considered MC. It depends on where you live.[/quote]

Nope. Actual middle class person living DC here. Family of 3, lives in DC proper, no family money and no, we did not buy a home for cheap back when you could buy a home for cheap in DC. HHI of 130k. Like middle class people everywhere, we make a lot of compromises to live within our means. In DC this means a condo instead of a house, one old car, minimal travel, we almost never eat out, we have tight budgets for clothes and entertainment, etc. That's what it means to be middle class, especially living in a high COL area. We could live much more comfortable in a lower COL area, and we'd still be middle class. Like if we moved to Des Moines tomorrow and keep our salaries, we wouldn't magically be UMC. We'd be middle class people living in a low COL area and it would allow us to afford nice-to-haves like a bigger home, a second car, more money in retirement and college funds, some extra spending money, etc.

This is a big country. We choose to live here. So do you. The fact that we BOTH chose to live here and it's expensive does not suddenly alter the class differences between us. If you make over 220k in DC, you are not middle class (and by the way, a LOT of the people I know making this much in DC also have little inheritances or family that is kicking in for their childcare expenses or sending 5k to their kid's college fund every year or whatever).

There are people living in DC on 40 or 50k, by the way. Not comfortably but they do it. And if their kids get into Harvard, they won't pay a dime and they shouldn't. They will have beaten the odds.[/quote]

https://www.cnbc.com/2023/01/02/middle-class-income-in-major-us-cities.html

I'm actually UMC from an income perspective, but we drive older cars, don't take fancy vacations, and shop at Old Navy and Kohls.

also, for the most part, you can't keep your salary if you move to IA.  It doesn't work that way. For the most part, salary is based on col, that's why there is a thing called COLA.  So, if you make $200K here at whatever job you do, chances are your salary would be cut by a lot if you move to IA.

I used to live the Bay Area and my salary was high.  When I moved to the DC area, the salary for the exact same position was much lower, and that is because the Bay Area col is still much higher than the DC area.

$200K in the Bay Area is also middle class.   That's like middle income for many in the tech industry.[/quote]

The median household income in Darien, CT is $230,000. Does that mean I am middle class if I live in Darien (one of the wealthiest towns in North America) and make $230k?[/quote]

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