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re: Hypothetical: you are offered 200k for a job...what is best city for family of 5?
Posted on 2/15/18 at 11:06 pm to Rize
Posted on 2/15/18 at 11:06 pm to Rize
200k is taking home around $10k a month.
3000/mo absolute minimum housing
2500/mo schools conservative estimate
1000/mo groceries
Cars?
Extracurriculars for kids
Other bills?
Savings?
3000/mo absolute minimum housing
2500/mo schools conservative estimate
1000/mo groceries
Cars?
Extracurriculars for kids
Other bills?
Savings?
This post was edited on 2/15/18 at 11:08 pm
4
Posted on 2/15/18 at 11:09 pm to Clint Torres
Are you assuming $10k a month after taxes? Because if not you’re terrible at math. 
Posted on 2/15/18 at 11:09 pm to Clint Torres
quote:
200k is taking home around $10k a month. 3000/mo absolute minimum housing 2500/mo schools conservative estimate 1000/mo groceries Cars? Extracurriculars for kids Other bills? Savings?
You left out clothes for the kids and wife. Kids are damn expensive to clothe (especially if they do athletics) unless you want them looking like Oliver Twist.
Posted on 2/15/18 at 11:10 pm to AbitaFan08
Taxes, health insurance, some 401k deduction
Posted on 2/15/18 at 11:11 pm to tigercross
Good points. Maybe college savings?
This post was edited on 2/15/18 at 11:11 pm
Posted on 2/15/18 at 11:14 pm to Clint Torres
I would never have a 3k mortgage with a 200k family income and that’s without kids.
This post was edited on 2/15/18 at 11:16 pm
Posted on 2/15/18 at 11:16 pm to Rize
Fine; you wouldnt live predominantly around white people in Nola.
Posted on 2/15/18 at 11:18 pm to Clint Torres
That’s correct so I would probably live on the North Shore.
Posted on 2/15/18 at 11:22 pm to PiscesTiger
All you can afford at that salary is Alex... No other choice.
Posted on 2/15/18 at 11:27 pm to AbitaFan08
quote:
Are you assuming $10k a month after taxes? Because if not you’re terrible at math.
He’s pretty damn close with 10k a month take home for 200k a year income. Now it can change with 401k contribution and number of dependents.
Posted on 2/15/18 at 11:33 pm to PiscesTiger
Baton Rouge. Regardless of what this site thinks, BR is not a bad place to have a family. Shreveport and Alexandria are boring and NOLA is too unstable.
Posted on 2/15/18 at 11:36 pm to Rize
quote:
He’s pretty damn close with 10k a month take home for 200k a year income. Now it can change with 401k contribution and number of dependents.
If you max your 401k and make 200k a year you will have $10k after tax take home pay a month.
Posted on 2/15/18 at 11:43 pm to Teddy Ruxpin
He’s going to be losing $750-1200 a month on health insurance for 5 people
Posted on 2/15/18 at 11:47 pm to Clint Torres
quote:
He’s going to be losing $750-1200 a month on health insurance for 5 people
Still would be around 10k
Posted on 2/15/18 at 11:49 pm to PiscesTiger
Take the Job in NOLA and live on the Northshore(Mandeville) so your kids can go to a decent public school system while having a solid police force. Then commute for your family.
Posted on 2/15/18 at 11:49 pm to PiscesTiger
It is New Orleans on literally any other forum or to any other group of people other than the ones you are polling on the OT, and I do not believe it would be close.
Posted on 2/15/18 at 11:50 pm to Teddy Ruxpin
Agreed.
Posted on 2/15/18 at 11:58 pm to Teddy Ruxpin
quote:
If you max your 401k and make 200k a year you will have $10k after tax take home pay a month.
I agree. That’s why I said he’s pretty damn close. Like 10,000 vs 11,000 depending on 401k contribution and dependents.
Some company’s cap your 401k contribution at 6% if you are a highly compensated employee.
This post was edited on 2/16/18 at 12:06 am
Posted on 2/16/18 at 12:24 am to Breesus
Because new Orleans sucks. 
Posted on 2/16/18 at 2:37 am to PiscesTiger
BR, easy choice.
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