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Is a family of 4 that earns 97k/year middle class or upper class, on average?
Posted on 3/26/17 at 10:17 pm
Posted on 3/26/17 at 10:17 pm
what says the poliboard?
46
Posted on 3/26/17 at 10:17 pm to HailHailtoMichigan!
Where do they live?
Posted on 3/26/17 at 10:18 pm to HailHailtoMichigan!
Middle. Easy
Posted on 3/26/17 at 10:19 pm to HailHailtoMichigan!
Rural areas: Upper-middle
Other: Lower-middle
Other: Lower-middle
Posted on 3/26/17 at 10:20 pm to HailHailtoMichigan!
upper
Posted on 3/26/17 at 10:24 pm to HailHailtoMichigan!
Not upper class anywhere but extreme rural areas.
$97k/year = ~$5600/month after taxes.
Mortgage to live in a good school system ~1500/month
Car insurance ~250/month
Utilities ~250/month
Food for four ~1000/month
Gas for cars ~150/month
Phones for four ~150/month
Internet ~75/month
Necessities (clothes, haircuts, etc) ~100/month
TV/Entertainment ~$100/month
That's $3600 out the door for a typical middle class lifestyle leaving about $2000 for savings, retirement, college savings, vacations, incidentals, fun/dates, and any miscellaneous expenditures. No one in the upper class is having fun with only $2000/month.
EDIT - I didn't even factor in health insurance. How much does the employer provide?
$97k/year = ~$5600/month after taxes.
Mortgage to live in a good school system ~1500/month
Car insurance ~250/month
Utilities ~250/month
Food for four ~1000/month
Gas for cars ~150/month
Phones for four ~150/month
Internet ~75/month
Necessities (clothes, haircuts, etc) ~100/month
TV/Entertainment ~$100/month
That's $3600 out the door for a typical middle class lifestyle leaving about $2000 for savings, retirement, college savings, vacations, incidentals, fun/dates, and any miscellaneous expenditures. No one in the upper class is having fun with only $2000/month.
EDIT - I didn't even factor in health insurance. How much does the employer provide?
This post was edited on 3/26/17 at 10:25 pm
Posted on 3/26/17 at 10:24 pm to HailHailtoMichigan!
Alabama/Louisiana = upper middle class. California? Lower middle class.
Posted on 3/26/17 at 10:26 pm to HailHailtoMichigan!
Depends on where they live.
Posted on 3/26/17 at 10:28 pm to HailHailtoMichigan!
Median income here is around 90, so that would be very middle class.
Posted on 3/26/17 at 10:29 pm to HailHailtoMichigan!
considering the fact that most people live in metro areas, i will say middle class.
you can't live an upper-middle class lifestyle on 97k in the vast majority of metro areas.
you can't live an upper-middle class lifestyle on 97k in the vast majority of metro areas.
Posted on 3/26/17 at 10:29 pm to HailHailtoMichigan!
Dirt poor, barely scraping by according to most people on this board.
Posted on 3/26/17 at 10:31 pm to HailHailtoMichigan!
middle class for sure
Posted on 3/26/17 at 10:33 pm to HailHailtoMichigan!
quote:
upper class
LOL
Posted on 3/26/17 at 10:34 pm to HailHailtoMichigan!
middle to lower-middle in most of the country,
poor as frick in certain places.
poor as frick in certain places.
Posted on 3/26/17 at 10:35 pm to HailHailtoMichigan!
In my area (Seattle) it's middle class but probably on the low end.
Posted on 3/26/17 at 10:36 pm to HailHailtoMichigan!
Middle. I have an extra member of the family and make a chunk north of that number. Between cars, house, college, savings, sports, school, etc........it's nowhere near enough to be considered upper class. There isn't exactly much money left to frick around with.
This post was edited on 3/26/17 at 10:37 pm
Posted on 3/26/17 at 10:36 pm to HailHailtoMichigan!
If you're making some asinine thing of average living than no they are solid middle class.
I'm currently out here in Seattle and I'd be poor as shite making 55k by myself.
I'm currently out here in Seattle and I'd be poor as shite making 55k by myself.
This post was edited on 3/26/17 at 10:38 pm
Posted on 3/26/17 at 10:46 pm to HailHailtoMichigan!
family of 4 on 97k a year? that's about the definition of middle class. probably low-middle of the middle class if you're near a city people know by name
Posted on 3/26/17 at 10:50 pm to HailHailtoMichigan!
Livingston Parish: Upper Middle Class
Roswell, Ga : Lower Middle Class.
San Mateo, CA: Soup Line Class
Roswell, Ga : Lower Middle Class.
San Mateo, CA: Soup Line Class
Posted on 3/26/17 at 10:56 pm to HailHailtoMichigan!
That's the salary if two teachers married each other. I'm gonna say right in the middle.
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