Anonymous
Post 12/04/2024 19:43     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:390k DINKs in Rockville and I feel wealthy tbh. Middle class has got to be 100-200k in this area, especially seeing those daycare costs


You have no children. Children are expensive; especially childcare and Rockville is not as expensive as parts of NoVa. Bethesda doesn’t even compare to some parts of NoVa.
Anonymous
Post 12/04/2024 19:36     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:250-450k


This sadly seems accurate.
Anonymous
Post 12/04/2024 16:51     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:390k DINKs in Rockville and I feel wealthy tbh. Middle class has got to be 100-200k in this area, especially seeing those daycare costs


SINK here, and I agree that no kids makes all the difference.

I’m self-employed, so my income varies. But two years ago, I made $200,000 and felt positively wealthy. This year, I’m probably going to make closer to $130,000 and I still feel well-off. (At least 80% of small business owners that I speak with say their income is down significantly, but sure, we’re not in a recession—the economy is great and it’s a mystery why Trump won. )

Anyhoo, I’m 43 and have already paid off my mortgage. If you have no kids and no mortgage, even $150,000 is a lot of money: you pay $40,000 in taxes, can have a very good quality of life spending $50,000, and save $60,000. And $60,000 a year into the S&P 500 ($5,000/month) becomes $1 million in 10 years. Pretty easy to get rich if you don’t have kids.
Anonymous
Post 12/04/2024 16:46     Subject: How much/yr is middle class in NOVA?
What even is middle class around here? If you’re not in poverty or super wealthy the lines seem kinda blurred.

I make around $160k and own a pretty decent but not amazing house I bought 5 years ago on my own…I max out my 401k. I’m doing pretty well but that doesn’t say much. I’m not poor, not rich. Middle class, sure?
Anonymous
Post 12/04/2024 16:42     Subject: Re:How much/yr is middle class in NOVA?
Anonymous wrote:
Anonymous wrote:OMG! How many times a year are we going to debate what is MC or UMC etc.

It's like a bi-monthly tradition on DCUM

Stop complaining and post your salary
Anonymous
Post 12/04/2024 16:40     Subject: Re:How much/yr is middle class in NOVA?
Anonymous wrote:OMG! How many times a year are we going to debate what is MC or UMC etc.

It's like a bi-monthly tradition on DCUM
Anonymous
Post 12/04/2024 16:15     Subject: Re:How much/yr is middle class in NOVA?
Anonymous wrote:NP. Wondering the same. Current 200k HHI in central NY and have job offer that would bring our HHI to around 350k in nova. Better or worse overall quality of life?


Property taxes are probably lower. Housing prices probably won’t be.
Quality of life depends on resources you want. Walkability, local swim club (not country club) libraries, schools, proximity to DC museums and theater, parks, proximity to mountains or beach, possibility for saving money, etc. Pretty small town historic homes, or sprawling suburban spreads. Neighbors who are evaluating whether you’ll help move them up some invisible power/social ladder or neighbors who include everyone on the block.

All highly variable depending on where in Nova. Consider what you’re looking for, then target the best mix of those possibilities you can find in one place.
Anonymous
Post 12/04/2024 14:46     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:390k DINKs in Rockville and I feel wealthy tbh. Middle class has got to be 100-200k in this area, especially seeing those daycare costs


Big difference between being a parent and non parent. You need bedrooms, childcare, extra plane tickets, buy new wardrobes every season for each kid. It never ends.
Anonymous
Post 12/04/2024 14:18     Subject: Re:How much/yr is middle class in NOVA?
Not another one of those.. It will keep going on and on. Let me give you a preview:
1. Networth will pop up as the most important factor in determining your "class", far more than earned income
2. People will start debating what determines "middle class" and its variations, lifestyle, income or spending.
3. The debate will never end.
Anonymous
Post 12/04/2024 10:32     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Does class = income level? Is a drug dealer or plumber making $300k middle class? Just wondered.


I say source of income doesn’t matter IMO.


So a plumber making 250k is middle class while professor making 100k is lower middle?


I dont think 100k is lower middle class. But wherever 100k is - it’s the same no matter the job. We are talking money only here - not whether someone has a blue collar or white collar job.
Anonymous
Post 12/04/2024 09:56     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:
Anonymous wrote:Does class = income level? Is a drug dealer or plumber making $300k middle class? Just wondered.


I say source of income doesn’t matter IMO.


So a plumber making 250k is middle class while professor making 100k is lower middle?
Anonymous
Post 12/04/2024 09:54     Subject: How much/yr is middle class in NOVA?
390k DINKs in Rockville and I feel wealthy tbh. Middle class has got to be 100-200k in this area, especially seeing those daycare costs
Anonymous
Post 12/03/2024 21:09     Subject: Re:How much/yr is middle class in NOVA?
Google the living wage calculator.
Anonymous
Post 12/03/2024 20:56     Subject: How much/yr is middle class in NOVA?
Anonymous wrote:Does class = income level? Is a drug dealer or plumber making $300k middle class? Just wondered.


I say source of income doesn’t matter IMO.
Anonymous
Post 12/03/2024 20:49     Subject: How much/yr is middle class in NOVA?
Does class = income level? Is a drug dealer or plumber making $300k middle class? Just wondered.