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Started By
Message
re: Average Household Income by State: How does your house measure up in your state?
Posted on 5/30/19 at 11:01 am to StringedInstruments
Posted on 5/30/19 at 11:01 am to StringedInstruments
I know after living in both states, I would take this:
over this:
Because a dollar goes a lot further in Alabama. The average pay in both states is pretty much identical, but yet the housing market is stupid in Florida.
quote:
Alabama - $64,476
over this:
quote:
Florida - $72,993
Because a dollar goes a lot further in Alabama. The average pay in both states is pretty much identical, but yet the housing market is stupid in Florida.
1
Posted on 5/30/19 at 11:03 am to Salmon
quote:
not entirely true
Not for the very disciplined. But it’s reality for most people in that situation.
Posted on 5/30/19 at 11:04 am to StringedInstruments
Median is a better benchmark for HH income.
Posted on 5/30/19 at 11:04 am to PhiTiger1764
quote:
Not for the very disciplined. But it’s reality for most people in that situation.
well its the reality for most people no matter the income, unfortunately
Posted on 5/30/19 at 11:05 am to Salmon
quote:
vacation every 5 or so years
Yeahhhhh nope. Its hard to stay sane without more breaks than that.
You can do cheap vacations. They have mountain cabins and shite for barely anything.
People from Nashville rent big houses in Gatlinburg for a week for nothing.
Posted on 5/30/19 at 11:06 am to Salmon
quote:especially boomers
well its the reality for most people no matter the income,
Posted on 5/30/19 at 11:07 am to StringedInstruments
<--- better than an average in any state 
Posted on 5/30/19 at 11:08 am to TheCaterpillar
y'all are missing the point vacations are strictly a luxury item
when things are tight, you sacrifice the luxury items first
Posted on 5/30/19 at 11:09 am to StringedInstruments
We just barely beat our state's average.
Good thing it's only May.
Good thing it's only May.
Posted on 5/30/19 at 11:16 am to StringedInstruments
My exact thought lol
Posted on 5/30/19 at 11:26 am to ConfusedHawgInMO
quote:
<--- better than an average in any state
Is this where I should brag about more than doubling average in any state?
Posted on 5/30/19 at 11:27 am to GreatLakesTiger24
quote:
I can’t imagine trying to raise a family on ~66k
Millions of people make it happen. When you're not spoiled, it's very doable.
Posted on 5/30/19 at 11:29 am to StringedInstruments
Above average in every state but the NE ones which is cool. It is easy to forget how fortunate I am as a SINK (single income, no kids) sometimes.
Posted on 5/30/19 at 11:29 am to Thib-a-doe Tiger
States with high minority populations won’t fare well in income, ACT, crime or other studies where averages are used. Go figure.
Drill down into the demographics of the NE, Mid-West and PNW and you will find your answer.
Drill down into the demographics of the NE, Mid-West and PNW and you will find your answer.
This post was edited on 5/30/19 at 11:32 am
Posted on 5/30/19 at 11:30 am to GreatLakesTiger24
Most people in a rural settings either inherit a home or live in a mobile home. So their fixed cost is low. You can live very well on 65k with no mortgage.
Posted on 5/30/19 at 11:34 am to StringedInstruments
One should always use the median rather than the mean for household income, because a small number of very rich people can drive the mean upwards but not the median.
What I'm saying is that the typical household income is SUBSTANTIALLY LOWER than those numbers suggest.
What I'm saying is that the typical household income is SUBSTANTIALLY LOWER than those numbers suggest.
Posted on 5/30/19 at 11:35 am to jclem11
SINK really skews things. I’m in the same boat and have to remember that.
Posted on 5/30/19 at 11:36 am to TxTiger82
compare buying power in each state and some interesting data will pop up.
Posted on 5/30/19 at 11:37 am to StringedInstruments
Mine is 10X the Texas Average and I'm barely getting by
Posted on 5/30/19 at 11:38 am to StringedInstruments
We’re below average in LA, but we’re trending up.
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