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re: How Much Money You Need to Live Comfortably in the 50 Largest US Cities

Posted on 4/19/16 at 11:53 am to
Posted by northshorebamaman
Mackinac Island
Member since Jul 2009
38343 posts
Posted on 4/19/16 at 11:53 am to
quote:


Meh, you should be able to live comfortably on that in Seattle.

I have a wife and two teenagers. I think this list is for single people.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
40360 posts
Posted on 4/19/16 at 11:53 am to
quote:


That is nuts. As a young single guy when I was first out of school, I was in the low 50s and didn't want for anything in NOLA while saving money every month without trying


Where did you live? Roommates?

Posted by hiltacular
NYC
Member since Jan 2011
20219 posts
Posted on 4/19/16 at 11:53 am to
quote:



NYC $87,446

You can definitely live comfortably in NYC making this as long as you are splitting rent with 1-2 other people. I find it hard to believr someone can live comfortably tho in a 1br situation, that would be really pushing it.
Posted by 777Tiger
Member since Mar 2011
92284 posts
Posted on 4/19/16 at 11:54 am to
quote:

as long as you are splitting rent with 1-2 other people.

I wouldn't term that as comfortable living, at all
Posted by MusclesofBrussels
Member since Dec 2015
4997 posts
Posted on 4/19/16 at 11:56 am to
quote:

I have a wife and two teenagers. I think this list is for single people.


Yeah, that would be tough for a family of 4. I'm worried Seattle is going to turn into the next San Francisco. My GF and I have been looking at buying and we have a strong combined income for two people with no kids, but buying a house right now just seems like a losing proposition
This post was edited on 4/19/16 at 11:57 am
Posted by Robin Masters
Birmingham
Member since Jul 2010
35934 posts
Posted on 4/19/16 at 11:58 am to
quote:

San Francisco $119,570

NYC $87,446

DC $83,104

San Jose $89,734

Boston $84,422


Per month? Seems about right.

Posted by LNCHBOX
70448
Member since Jun 2009
89137 posts
Posted on 4/19/16 at 11:58 am to
quote:

Yeah, that would be tough for a family of 4. I'm worried Seattle is going to turn into the next San Francisco. My GF and I have been looking at buying and we have a strong combined income for two people with no kids, but buying a house right now just seems like a losing proposition



If you're worried that real estate prices are about to explode, wouldn't you want to buy now?
Posted by 777Tiger
Member since Mar 2011
92284 posts
Posted on 4/19/16 at 11:59 am to
quote:

t buying a house right now just seems like a losing proposition

I think that would be a good area to buy some shitty, undesirable property, maybe some with rental income, and wait for a developer to come in and buy it and the surrounding area, there would be your house
This post was edited on 4/19/16 at 12:02 pm
Posted by Robin Masters
Birmingham
Member since Jul 2010
35934 posts
Posted on 4/19/16 at 12:02 pm to
quote:

s that gross or take-home?


Take home.
Posted by LSU_Saints_Hornets
Uptown NO,LA
Member since Jan 2013
9739 posts
Posted on 4/19/16 at 12:04 pm to
quote:

New Orleans $60,782


Yea you ain't living in a desirable part of New Orleans making $60K.
Posted by lsupride87
Member since Dec 2007
111522 posts
Posted on 4/19/16 at 12:10 pm to
quote:

Yea you ain't living in a desirable part of New Orleans making $60K.

As a single guy renting?
Posted by Teddy Ruxpin
Member since Oct 2006
40866 posts
Posted on 4/19/16 at 12:10 pm to
quote:

something is off with that

no way in hell it costs more to live in Houston than Austin



I just went from New Orleans to Austin and New Orleans being more expensive got me too.

Of course, you may pay more for housing in Austin, but then you have a reasonable chance of sending your kids to public school which saves you $8,000 per kid a year at least.
Posted by Teddy Ruxpin
Member since Oct 2006
40866 posts
Posted on 4/19/16 at 12:11 pm to
quote:

As a single guy renting?


Ya, I didn't make much more than that at first and lived by Tulane.

It was under 1,000 sq feet but I wasn't in the total hood.

Though that was until 2013. I got a little bigger place when my now wife moved in. Then I bought.
This post was edited on 4/19/16 at 12:13 pm
Posted by Uncle Stu
#AlbinoLivesMatter
Member since Aug 2004
33865 posts
Posted on 4/19/16 at 12:13 pm to
quote:

Of course, you may pay more for housing in Austin, but then you have a reasonable chance of sending your kids to public school which saves you $8,000 per kid a year at least.

true

I just dont think that study correctly took into account the biggest chunk of anyone's expenses: housing

available housing in Austin proper has completely jumped the shark
Posted by lsupride87
Member since Dec 2007
111522 posts
Posted on 4/19/16 at 12:15 pm to
Making 60,000 gives you take home around 3,200 a month

You should live more than comfortably as a single guy in NOLA on that. Unless you are horrible with money
This post was edited on 4/19/16 at 12:16 pm
Posted by Teddy Ruxpin
Member since Oct 2006
40866 posts
Posted on 4/19/16 at 12:17 pm to
quote:

available housing in Austin proper has completely jumped the shark


Tell me about it and my $3,000 a month rent. I'm just going to stay here as long as possible and hope it doesn't get raised by being a good tenant.

And if it crashes, I'll renegotiate out or leave.

I'm terrified to buy here. Economy is better than New Orleans, but the flip side is there is land in every direction for more houses unlike said New Orleans.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84435 posts
Posted on 4/19/16 at 12:18 pm to
Wait, what are you doing in Austin?
Posted by Teddy Ruxpin
Member since Oct 2006
40866 posts
Posted on 4/19/16 at 12:19 pm to
quote:

Wait, what are you doing in Austin?


Wife got a BIGLAW job. I'm a kept man.

I was able to move my stuff here since I do have that TX client. Just flipped everything. All happened in 5 weeks.
Posted by Uncle Stu
#AlbinoLivesMatter
Member since Aug 2004
33865 posts
Posted on 4/19/16 at 12:21 pm to
quote:

my $3,000 a month rent


geebus....I know the area where you live, and that's way too much

I know what it's like to just move to a new city and sometimes you have to suck it up a bit, but damn. I hope you're in a 4BR or something for that money

sorry, dont mean to be a complete arse
Posted by Teddy Ruxpin
Member since Oct 2006
40866 posts
Posted on 4/19/16 at 12:22 pm to
quote:

geebus....I know the area where you live, and that's way too much

I know what it's like to just move to a new city and sometimes you have to suck it up a bit, but damn. I hope you're in a 4BR or something for that money

sorry, dont mean to be a complete arse


no worries

It's essentially brand new 2200 sq with 2BRs and an Office/3BR. Comes with a yard and all that. Dude wanted $3,500.

Keeping the commute from being horrific was the tradeoff I suppose.
This post was edited on 4/19/16 at 12:24 pm
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