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re: What do you consider "Upper Middle Class"?
Posted on 3/18/14 at 7:52 am to PhiTiger1764
Posted on 3/18/14 at 7:52 am to PhiTiger1764
$90k-$250k depends on your social status, occupation and what part if the state you're from.
1
Posted on 3/18/14 at 7:55 am to PhiTiger1764
quote:My vote is above 300% of the median, starting at roughly $150K per household.
Has the board come to a consensus on what constitutes upper middle class for a Louisiana family?
Posted on 3/18/14 at 7:55 am to Athanatos
I understand you now. I think most of the disbelief is because of this board though. If this board was an accurate cross section of Louisiana's income, our tax revenue would be high enough to pave the streets with diamonds 
. I'm not saying that people are lying, but I don't think the people making average salaries are speaking up and it makes everything look inflated.
. I'm not saying that people are lying, but I don't think the people making average salaries are speaking up and it makes everything look inflated.Posted on 3/18/14 at 7:56 am to tgrbaitn08
I pretty much agree with that. I got destroyed in the early pages of this thread for suggesting $250k as an upper limit
Posted on 3/18/14 at 7:56 am to KG6
quote:
I'm not saying that people are lying, but I don't think the people making average salaries are speaking up and it makes everything look inflated.
this
and most of this board is college educated
Posted on 3/18/14 at 8:02 am to VABuckeye
quote:
Price real estate in both locations and get back with me on that one.
Depends on the borough. Manhattan, maybe the difference is that substantial. Elsewhere, I don't think so.
Posted on 3/18/14 at 8:26 am to urinetrouble
quote:
Depends on the borough. Manhattan, maybe the difference is that substantial. Elsewhere, I don't think so.
Compared to Baton Rouge? I think the real estate values don't compare at all.
quote:
The median home value in Queens is $474,000
quote:
Brooklyn homes have a $629,450 Median sale price
quote:
The median home value in Bronx is $312,900.
quote:
The median sale price of a Staten Island home in June was $413,500
quote:
The median price of homes currently listed in Baton Rouge is $164,900
Cheapest borough is double Baton Rouge. That's a pretty big difference.
Posted on 3/18/14 at 8:30 am to Epic Cajun
Have to jump in here. Class is less about a set income amount than it is about the nature of your work.
Posted on 3/18/14 at 8:31 am to Sophandros
quote:
Class is less about a set income amount than it is about the nature of your work.
uh no
Posted on 3/18/14 at 8:32 am to Bullfrog
quote:
My vote is above 300% of the median, starting at roughly $150K per household
If we're using the 300% of median rule, then I'd add amend it to "300% of median in your area".
Posted on 3/18/14 at 8:34 am to Sophandros
quote:
Class is less about a set income amount than it is about the nature of your work
To a certain point I agree. The accountant making 80k is higher on the "class scale" than the uneducated oil field worker making 100k.
Posted on 3/18/14 at 8:36 am to Salmon
Upper middle class is about income and investments. How you can sustain a standard of living. IMO, the type of work you do has no bearing on this.
Societal class is about status among others who have the same or similar status socially, politically, etc.
The two mix but neither defines the other.
Personally, I don't lose sleep over the latter.
Societal class is about status among others who have the same or similar status socially, politically, etc.
The two mix but neither defines the other.
Personally, I don't lose sleep over the latter.
Posted on 3/18/14 at 8:36 am to LSUGrrrl
quote:
quote:What category is the 112K? I believe it is per return. I don't understand. What do you mean by which category?
Is the median personal income actually 112K in your zip? If you are in an area with a high-end neighborhood mixed with more average areas and condos/apartments, that may explain the high median.
Posted on 3/18/14 at 8:37 am to Epic Cajun
quote:
The accountant making 80k is higher on the "class scale" than the uneducated oil field worker making 100k.
this type of "class" is entirely too dependent on the individual
Posted on 3/18/14 at 8:38 am to Hoyt
150k salary (unless you love in NYC, Chicago, LA, or San Fran)
Doesn't have too much debt.
Doesn't have too much debt.
Posted on 3/18/14 at 8:42 am to Salmon
quote:
this type of "class" is entirely too dependent on the individual
I definitely agree, that's why I only agreed with the statement to a certain point.
Posted on 3/18/14 at 8:52 am to VABuckeye
quote:
Cheapest borough is double Baton Rouge. That's a pretty big difference.
And to make the point even further - the South Bronx pulls down the median quite a bit more than Tigertown/NBR does to Baton Rouge - just on sheer quantity of homes.
Places the average Baton Rouger would consider living in The Bronx would be much closer to Queens in price range. So, really, you're talking the "typical" NY home, in either Queens or The Bronx - at least one that would be seriously considered, would be more like 2.5x to 3x the median BR home.
Just food for thought.
This post was edited on 3/18/14 at 8:53 am
Posted on 3/18/14 at 8:52 am to Salmon
quote:
What do you consider "Upper Middle Class"?
A bit less than "Lower Upper Class." Quite a bit more than "Upper Lower Class."
Posted on 3/18/14 at 8:54 am to VABuckeye
quote:
Cheapest borough is double Baton Rouge. That's a pretty big difference.
Which is crazy to me since those "cheapest" homes in NY wouldn't be considered livable by most on here yet could buy you a McMansion in most LA suburb neighborhoods. Quality of life $ for $ is much greater down here IMO.
This post was edited on 3/18/14 at 8:56 am
Posted on 3/18/14 at 8:54 am to KG6
My butler, maid and chauffeur. I compensate quite liberally for their services.
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