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A person with a 6 figure income supporting a wife and children and the bills that come with supporting a household vs a single person is very different. Also
by mahyarm 15y ago
A person with a 6 figure income supporting a wife and children and the bills that come with supporting a household vs a single person is very different. Also the rent adjusted difference in places where you can make 6 figures can add 30'000 in before tax income needed to just break even between two regions.
- phamilton 15y agoAssuming a family of 4, a 3 bedroom apartment, and living in the valley, your monthly expenses are going to be in the range of 6k/month. A post tax income of 72k a year is essentially a 6 figure pretax salary. I don't see that as an extravagant lifestyle at all.
- mahyarm 15y agoExactly. It's equivalent to someone having half that income in many regions of the USA. Most people who make 6 figures make it in regions where it's about worth half typically than it would be in let's say Reno, NV.