Reply to $200K. What is your lifestyle like?

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Reply to "$200K. What is your lifestyle like?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]live well.

235k was our AGI on taxes last year.

we live well. mid-30s and married

2k sqft renovated townhome in ward 3. PITI 3.6k. Add in maintenance/upgrades to get to about 50k/year (all utility cost is more than 100% offset by solar)

1 older, but reliable car (we mostly walk places and bike/metro otherwise), so outlay maybe 125/mo for local transport (one has metro fares covered by work). have money saved up if we need to replace.

2 kids at local public schools (after 2 years of free pre-k). cost is aftercare, activities, babysitting, and summer camps. Outlay like 20-25k/year here.

1 international trip + 2 cross country vacations per year (plus shorter with day-drive trips). 20k/year

groceries/restaurants/entertainment is like 2k/month. mostly shop at whole foods, wegmans, or trader joes with an occasional target run.

spend 1k/month on random shit.

maxed retirement contribution for one, pension for other, and very low deductible healthcare costs.

dump the rest of the saving in a brokerage. honestly we save too much, we're thinking about an au pair next year and maybe another international vacation.

note: college funds were taken care at birth from money we had already saved. that plus DC tag and one parent's benefits will cover out-of-state 100% at the UVA-level.
[/quote]

$235k AGI is not the same as $200k income. That’s probably more like $300k assuming you have health insurance through work and retirement contributions.[/quote]

Fair, but people are including the value of their pension's employer contribution and healthcare subsidies as part of the HHI? I agree that is total compensation, but that sounds like a bear to compute. (though at least our 401k is roth, so it is in the AGI) Hell, we even have free lunch - how am I supposed to value that? According to the gov, the typical worker gets another 20% in compensation as benefits. So the OP's post was 200-250k incomes. So that would be people with 240-300k in total comp with all employer paid benefits thrown in.[/quote]

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