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Reply to "What do you consider rich vs UMC?"
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[quote=Anonymous][quote=Anonymous]Maybe Chicago really is that wildly different than DC. For a family of 4, I'd say low income is under 50K a year, middle income is 50-150K, and upper middle income 150-300K. Anything above that is rich. My two teacher family is Upper middle. When families can afford a vacation that involves a plane, that's upper middle. They have 1 car at least 7 years old or 2 cars 10+ years old each . Their kids might go to private school or they attend a very successful public. Whereas middle income families go camping instead. They either have 1 very new car or two cars with less than 4 years on them. Their kids never attend private school. My family of 4, with a teacher and another comparably paid job, is upper middle income at about 155K a year. (Though to be fair, we pass the 150 mark because of second jobs) When I hear people making 250k+ thinking they are middle income? Those folks need their brains adjusted.[/quote] I think the big difference is housing prices. I have a friend who just moved in a Chicago suburb. Niceish house. She posted it on fb. It was selling for $300k or something. I couldn’t believe it. A $300k SFH in a good school district just doesn’t exist here. You’d need at least double that, and teachers are paid the same here as there. [/quote]
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