Quote:
Originally Posted by Saul Good
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.
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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.
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