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I have a good job in the Bay Area, and I spend 4K a month. Of course if I were a family, there is no way I could support a wife in 4K a month but that is rare a
by sashank_1509 2y ago
I have a good job in the Bay Area, and I spend 4K a month. Of course if I were a family, there is no way I could support a wife in 4K a month but that is rare anyway. If she were working too, I could surely support a child in 6k a month. At this cost my life includes:
1. A Tesla Model 3, on which I spend 1k a month with insurance
2. 1.5k rent for a studio in a good safe location with utilities
3. Rest on groceries, eating out movies etc.
If I decided to get a cheap car, I could easily have 600$ or more to spend on housing etc.
So it would be tight but as a single 20s male, I would make it with 50k a year after taxes. Everything else just goes into savings. I think people have lavish tastes, or no control over their spending if they can’t make do with 70k a year after taxes.
- piltdownman 2y ago// 2. 1.5k rent for a studio in a good safe location with utilities I actually can't think of an EU Capital where that's achievable anymore, bar possibly the socialist outlier of Vienna. In Dublin a good studio is at least 2k, and you'll pay 52% tax on earnings over €70k as well...
- sashank_1509 2y agoTo be fair, I’m not living in a SF proper, there it would cost around 2.5k but still EU is crazy expensive for the low wages they get paid.
- geodel 2y agoBut you have data privacy, social net there. You win some you lose some.
- ziddoap 2y ago>if they can’t make do with 70k a year after taxes I don't think the median income is after taxes, is it? That would be more reasonable, for sure. My comment was made in reference to friends who make $70k/yr before taxes.
- thfuran 2y agoNo, the bureau of labor household/personal income figures are not reported post-tax.