ChiefsPlanet - Money What's a well paying job?

ChiefsPlanet (https://chiefsplanet.com/BB/index.php)

- Nzoner's Game Room (https://chiefsplanet.com/BB/forumdisplay.php?f=1)

- -

What's a well paying job? (https://chiefsplanet.com/BB/showthread.php?t=243663)

If your single/no kids etc you can easily get by (comfortably) on a $40,000/yr job

Quote:

Originally Posted by truebigdog (Post 7546042)

Without trying to be a jerk, there are too many variables to answer this. Well paid to be an insurance salesman would be considerably underpaid to a brain surgeon. Someone making x$ in the midwest may be well paid where someone making the same money living in California could be underpaid.

My bad. Add 20% to the high expense areas. Adjust to Dane's income.

Quote:

Originally Posted by Saul Good (Post 7546045)

That's ridiculous. 150-200K is top 2-3% of the country. That is beyond well-paying.

Not in SF, where a 1000 sq ft apartment can cost you 600k.

There are about 150,000,000 wage earners in the US. 100,000,000 of them earn under $40,000 per year. Less than 10,000,000 earn over $100,000.

Quote:

Originally Posted by BCD (Post 7546054)

Not in SF, where a 1000 sq ft apartment can cost you 600k.

The median family income is $81,136 per year in SF. That's the entire family, so the average person makes significantly less than that.

Quote:

Originally Posted by shirtsleeve (Post 7546047)

Huh. In the Peoples Republic of Taxachusetts, 27-30k gets you a rundown appt in a drug building with people shooting at you. And there's no money left for food.

50-60K gets you an ok appt in a safe neighborhood with ok schools and a decent used car. You want to own a home? You are making over 100k or fuggetaboutit.

The median HOUSEHOLD income in MA is $50,502.

Massachusetts Income & Jobs
$0-10,000 6,604
$10,000 - $14,999 137,187
$15,000 - $24,999 248,208
$25,000 - $34,999 253,125
$35,000 - $49,999 355,195
$50,000 - $74,999 490,998
$75,000 - $99,999 312,741
$100,000 - $149,999 267,300
$150,000 - $199,999 80,640
Over $200,000 84,494

Quote:

Originally Posted by BCD (Post 7546054)

Not in SF, where a 1000 sq ft apartment can cost you 600k.

That's no shit. I was there a while back and my taxi driver and his wife both worked two jobs, pulling in 250k a year and still struggled. I told him he was high for living there. Then he said, "Hey, you live in Omaha."
I shut the hell up after that.
Posted via Mobile Device

It always amazes me at how much people think other people earn. It goes to show how well class warfare propaganda has been ingrained into our collective psyche.

Quote:

Originally Posted by Gonzo (Post 7546066)

And you better not forget that either!

Quote:

Originally Posted by Saul Good (Post 7546067)

It always amazes me at how much people think other people earn. It goes to show how well class warfare propaganda has been ingrained into our collective psyche.

I think it's about, "I contribute... and I'm not a gov't flunkie!!!

Quote:

Originally Posted by Saul Good (Post 7546045)

That's ridiculous. 150-200K is top 2-3% of the country. That is beyond well-paying.

If I had a friend that I was trying to set up with a girl, and she asked me if he had a job that paid well, I would certainly say yes if he made 55k-75k. If he made 130k, I'd say he made great money.

Welcome to living in a city or a general high cost area. Start at 150K Take 40% off the top for taxes You now have 90K left. Buying a median priced house is likely to run you between 5-6K per month that's 60-72K chopped. call it 20K left. Use 10K of that 20K to max your 401K and you now have 10K left for expenses/vacations/utilities/additional retirement savings/investments. Sure you'll get some additional money back from mortgage interest deduction(well probably) but still you'll find living in high cost ares things get eaten substantivity faster than in other areas.

100K+ salary in a city is middle class. The big things that kill you are taxes that don't adjust for cost of living and real estate pricing. Can you get by with alot less. Sure. But the question is what would a well paying job be. Well paying to me means the ability to buy a house where you live/work, the ability to save for retirement, the ability to build a nest egg that allows you to tolerate unexpected events in the future. That would be a rate of $150k+ in a high cost area, and NYC is likely even worse.

I think being well paid is anytime you spend less than you make and are saving money.
I think being Blessed is when you have all of the above and you and your family are in good health.
As far as being "Rich" if you eat once per day and have a roof over your head, you have more than 75% of the people in this world.

Like others have said, it depends on where you live.

Making $60k in St. Joseph is great. Making $60k in Overland Park may not be so good.

Quote:

Originally Posted by Saul Good (Post 7546065)

http://www.trulia.com/home_prices/

http://wiki.answers.com/Q/How_much_d...cost_in_the_US

average sale price over $300k. Still think you can buy a house on $50k?

average apt price for ONE bedroom 1600/month.

Thats 400/wk for a ONE bedroom. Thats $20k take home pay just to pay the rent in a one bedroom.

You asked what good pay was. Two income earners in Mass who are not legally married but live like they are, are popular here for financial and tax reasons.

Quote:

Originally Posted by Molitoth (Post 7546089)

Like others have said, it depends on where you live.

Making $60k in St. Joseph is great. Making $60k in Overland Park may not be so good.

I doubt there'd be much difference.