Reply to What is considered a "good salary" in the DMV?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A good salary would be $500k. Cost of living is so high. I don't see how you can live comfortably on less than that.
This is the average income on this board.[/quote]
Define comfortably PP?[/quote]

I agree, $500k would be comfortable. At $250k, you are still pinching pennies…watching grocery budgets, making hard choices on kid activities or educational opportunities, going on more affordable vacations, buying reliable cars. 500k gives you breathing room. [/quote]

So this is interesting.... I wouldn't call what you describe as "pinching pennies."

Pinching pennies to me is when you have to bring a calculator to the grocery store and take free leftovers from the lunchroom at work home for dinner. We did this at $80-100K combined income in DC. No kids. Owned modest 1 bedroom condo in NE DC. We did SAVE though... that was important for the next phase....

At $150-300K we make tradeoffs for sure, but they are "first world problems." Becuase of our savings we have a solid, newly renovated, home with plenty of space in NW DC. Our kids have good childcare, public schools and yea, we have 1 reliable car. We take vacations that are probably affordable by the standards of this board, but I think are great. We max our 401ks and also put a few thousand in a brokerage account each month. I would define this as comfortable. It's comfortable for me in that we have more room in our budget than either of us did when we were growing up.

It seems like when we are using the word comfortable we mean not having to make any tradeoffs? If so, then sure comfortable is closer to $500k. I agree actually. I would personally call this "wealthy" but I can see how that's super relative. All these terms are.

So, a good salary is = what amount it takes to live what you define as a comfortable life. [/quote]

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