Reply to What's a decent household income to live in Bethesda?

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[quote=Anonymous][quote=Anonymous]We have a similar HHI, live in Kensington, and have a house mortgage for $720k.

We have two kids under 5, a full-time nanny, house cleaning twice a month and a yard service.  No car payments or student loans.

I feel like I'm living an absurdly privileged life and am well able to afford everything above while still taking vacations, funding 529s and putting LOTS of money in the bank.

I think you're doing something wrong OP.  If your numbers are right, and you currently have only one daycare cost, then you're saying you're netting somewhere around 7k a month AFTER all expenses.

THat's 84k a year for savings.  That is A LOT of money.  What on earth are you expecting??[/quote]

Wow, how much are you able to save each year?  Our HHI is around 330k and mortgage is 420k.  One kid in daycare.  I wasn't willing to pay much more than we did for a house (~600k) even on our income - although we are able to invest something like 90k a year, all-in. [/quote]

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