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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 7:42 pm to AbitaFan08
Posted on 2/15/18 at 7:42 pm to AbitaFan08
200k is plenty to live in the South but you just can’t live like a baller.
0
Posted on 2/15/18 at 7:44 pm to KG6
BR has a cheaper COL and is not named “Shreveport” or “Alexandria” which is why I picked it.
Genuine question for NOLA people - what’s the current annual tuition for Jesuit/Sacred Heart and an equivalent feeder school for elementary school?
Genuine question for NOLA people - what’s the current annual tuition for Jesuit/Sacred Heart and an equivalent feeder school for elementary school?
This post was edited on 2/15/18 at 7:51 pm
Posted on 2/15/18 at 7:52 pm to PiscesTiger
$200K ain't what it used to be. If it were me, I'd be saving as much as possible so that I could retire early.
But, if saving isn't your bag, I'd say move somewhere like Baker/Zachary or even Livingston/Ascension. Put kids in public school. Use the money you'd otherwise use for their private tuition to rent a small apartment downtown. Have two places to live--or a private frickpad that the wife doesn't know about.
But, if saving isn't your bag, I'd say move somewhere like Baker/Zachary or even Livingston/Ascension. Put kids in public school. Use the money you'd otherwise use for their private tuition to rent a small apartment downtown. Have two places to live--or a private frickpad that the wife doesn't know about.
Posted on 2/15/18 at 7:53 pm to AbitaFan08
quote:
Genuine question for NOLA people - what’s the annual tuition for Jesuit/Sacred Heart and an equivalent feeder school for elementary school?
Jesuit is the cheapest of the all boys Catholic league schools at around $9200. Sacred Heart isn’t really comparable—they are an ISAS school and are $18k/yr for high school. Dominican/MCA are the closest socioeconomic analogs to Jesuit, but honestly none of the all-girls schools are on the same academic level.
This post was edited on 2/15/18 at 7:55 pm
Posted on 2/15/18 at 7:54 pm to Mingo Was His NameO
quote:
Nola? 200 ain’t that much You're right, it'd only put you in the top 5% of earners.
I believe 200k in NOLA is more exclusive than the top 5%.
A quick Google shows median income at 37k.
Posted on 2/15/18 at 7:55 pm to PiscesTiger
Can I live in a Woodworth? If so, Ellick
Posted on 2/15/18 at 7:57 pm to Kafka
quote:
Never set foot in Alex
That is somethng you should be proud of
quote:
since it's by far the smallest that's where I'd go
Terrible decision
1) NO
2) BR
3)Shreveport
4) Alexandria
Posted on 2/15/18 at 7:57 pm to tigercross
So let’s just assume 2 boys and 1 girl, that’s $36,200 a year if the good feeder schools are close to the cost of Jesuit. Down to $170k.
The cost of a house to comfortably fit 5 in a good neighborhood and cost of feeding/clothing said family, along with two cars (eventually 5) and the occasional vacation?
No, I don’t think $200k is enough. I’m not saying it CAN’T be done, I’m saying it can’t be done comfortably.
The cost of a house to comfortably fit 5 in a good neighborhood and cost of feeding/clothing said family, along with two cars (eventually 5) and the occasional vacation?
No, I don’t think $200k is enough. I’m not saying it CAN’T be done, I’m saying it can’t be done comfortably.
This post was edited on 2/15/18 at 7:59 pm
Posted on 2/15/18 at 7:57 pm to PiscesTiger
quote:
You have 3 children, ages 3 to 14. Again, 200k.
Will you take the job in:
A) Alexandria
B) Shreveport
C) Baton Rouge
D) New Orleans
I would abandon my children and their mother, who I reckon is worn out and ragged by now, and I would take that $200k somewhere far away from Louisiana.
Posted on 2/15/18 at 7:58 pm to PiscesTiger
quote:
*Lafayette and Lake Charles are out.
Cause it’s not an option or cause you’re an idiot?
Posted on 2/15/18 at 7:59 pm to AbitaFan08
quote:
Down to $170k
200k would be more like 130k after taxes insurance, 401k etc. You are down below 100k already
Posted on 2/15/18 at 7:59 pm to jdeval1
I didn’t even want to bother getting into all that. But yes, you’re right.
Posted on 2/15/18 at 7:59 pm to PiscesTiger
Definitely not Alexandria unless you like boredom
Posted on 2/15/18 at 8:00 pm to PiscesTiger
quote:
Alexandria
B) Shreveport
C) Baton Rouge
D) New Orleans
Goddamn, Louisiana is such a shitty state. These all sound terrible. But I’d go with Nola.
Posted on 2/15/18 at 8:02 pm to AbitaFan08
So you're saying $170k/year in a hypothetical where you send your kids to public school in Nola is not doable?
Posted on 2/15/18 at 8:03 pm to jdeval1
quote:
200k would be more like 130k after taxes insurance, 401k etc. You are down below 100k already
are you implying that 100k free cash flow is not enough for a year? You can buy a 350k house more than comfortably with that and still have plenty left over to save
Posted on 2/15/18 at 8:03 pm to GRTiger
$200k a year can get three kids through private school.
If I can afford to send my kids to private school, then everything else comes second and they go to private school. Period.
Especially in New Orleans.
If I can afford to send my kids to private school, then everything else comes second and they go to private school. Period.
Especially in New Orleans.
This post was edited on 2/15/18 at 8:05 pm
Posted on 2/15/18 at 8:04 pm to AbitaFan08
quote:
$200k a year with 3 kids isn’t enough for New Orleans whenever you factor in private tuition.
Such an OT answer. $200k a year would have you living nicely in NOLA.
And NOLA is the easy answer to this question.
Posted on 2/15/18 at 8:06 pm to LNCHBOX
For a family of 5? If it was just a couple then hell yes it would be enough. And my answer would be New Orleans.
Kids are fricking expensive.
Kids are fricking expensive.
This post was edited on 2/15/18 at 8:06 pm
Posted on 2/15/18 at 8:06 pm to PiscesTiger
Shreveport on Cross Lake.
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