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re: Is a family of 4 that earns 97k/year middle class or upper class, on average?

Posted on 3/26/17 at 10:27 pm to
Posted by StringedInstruments
Member since Oct 2013
19045 posts
Posted on 3/26/17 at 10:27 pm to
quote:


Well, that's where most people go wrong, too much house.


Then they aren't upper class. What's your point?

Further, in any respectable city, even the suburbs, $250,000 is about the minimum you'd pay to get into a good school system, which is something the middle class values.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
5596 posts
Posted on 3/26/17 at 10:35 pm to
quote:

Further, in any respectable city, even the suburbs, $250,000 is about the minimum you'd pay to get into a good school system, which is something the middle class values.


You've been in LA too long bro.
Posted by AUsteriskPride
Albuquerque, NM
Member since Feb 2011
18385 posts
Posted on 3/26/17 at 10:37 pm to
quote:

Then they aren't upper class. What's your point?



I didn't know upper middle class meant you had to have a $225,000 home.

I guess we view it differently.
Posted by islandtiger
Baton Rouge
Member since Sep 2012
1787 posts
Posted on 3/27/17 at 1:02 am to
quote:

Further, in any respectable city, even the suburbs, $250,000 is about the minimum you'd pay to get into a good school system


Median home price in Seattle area is triple that. A family of of four trying to live on 97k would be lower middle, at best. Median salary at many local companies is north of 100k, so a two-earner household does fine in spite of crazy real estate prices.
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