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BGOL Finance: how much monthly income does it take to live comfortably in your area?

BitchI'llKillYa

BitchI'llKillYa

Rising Star
BGOL Investor
I live in California, recently moved from Oakland to Burbank

It's fuckin expensive... I make good money but damn life here is expensive.

I had to kinda rush and rent a place here, I had corporate housing for 30ndays and that wasn't enough time to buy a home.

I have a 3 bdrm 3 bath condo and pay 3200 for just 1400 Sq ft.

What does it take live well where you are?








I'm struggling to pay her bills too! Cheese it's be expensive!

 
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Indiana; central part of the state. A single man with no kids and no debt could make it comfortably on $2700- $3k/month. This assumes no more than $1k in rent/mortgage as part of total PITI and no significant debt payments/child support/alimony.
 
Im smack in the heart of manhattan...

and you have a choice..

live like an emperor, means eating out every night..

going out every weekend..

enjoyin the fastest internet, cable... a maid to come in three times a week..

anywhere for 8 thousand to 20 thousand a month..


but

with cable internet, eating out no more than three times a month..

washing your own damn dishs and clothes...

oversea vacation once a year.. no children...

nice apt, 24 hour door man...

3 to five geez a month.. EZ,

thats including contributions to your saving account and maintaing good to excellent credit.. add a thousand plus if you have seed to raise.. and want above average education..

you could probably cut this in half if you live upstate... out of the nyc area..
 
I'm in nashville. I'd say it's less expensive than the big metropolis cities but it's by no means cheap. The area I'm in is under rapid gentrification. A new construction apartment you can get 500 - 600 sf for a little over 1300. Medium sized
One bedroom around 1500 a month..homes are mixed bag. 300k on the low end to 600k plus on the upper...

Oh and that chick on your post would RUIN my life. #mygawd.
 
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Please define "comfortably".

In Atlanta you can easily prosper on 2k a month, but you have to have a minimalist mindset. Call it 3k if you get the typical stuff people think they need to pay for(cable tv, car payment above 250, etc)
 
For a single person in DC to live comfortably on their own I'd say you need to be pulling down at least 7-8k a month. Maybe more depending on the type of housing you are in.
 
Majestic Lion said:
Please define "comfortably".

In Atlanta you can easily prosper on 2k a month, but you have to have a minimalist mindset. Call it 3k if you get the typical stuff people think they need to pay for(cable tv, car payment above 250, etc)
Click to expand...
Yeah, and Atlanta has so many different sections, it varies. I can't tell someone that's not here that they can live good for 2k/month, and they come here and try to move to Morningside Park or somewhere like that.
 
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Moved from NY to Tampa. No state tax. Kept my NY salary. Put it like this, we just interviewed a legal assistant here that makes 31k a year. She's living fine. Her salary will almost double when we hire her.

I say 3k a month can be comfortable here.
 
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With a family size of two, you can live very comfortably in Columbus, Ohio, in a luxury apartment, or condo, if you can afford to spend $850- $1200 on rent. You can still live quite well, albeit not in luxury, with a larger family size for the same rent amount.
 
Southern Illinois
Hour and a half to St. Louis
I live very well on 1.5k a month
And it's only that much because I spend a ton
On fresh fruit everyday
And amazon prime got to me
 
P
Majestic Lion said:
Please define "comfortably".

In Atlanta you can easily prosper on 2k a month, but you have to have a minimalist mindset. Call it 3k if you get the typical stuff people think they need to pay for(cable tv, car payment above 250, etc)
Click to expand...

4bd 3 bath 2500 Sq ft up

Private schools
.
2 Decent luxury cars

I make 12 - 14 monthly from working plus some real estate cash flow
 
Black A. Camus said:
With a family size of two, you can live very comfortably in Columbus, Ohio, in a luxury apartment, or condo, if you can afford to spend $850- $1200 on rent. You can still live quite well, albeit not in luxury, with a larger family size for the same rent amount.
Click to expand...

Rent prices got so high that everybody trying to own out here..........and that is a beautiful thing. Owning houses is not easy but i'm paying more for rent than people I know paying mortgages. They're building equity, I am not. Time to change.
 
Northern VA is weird. Inside the beltway, 2000-2500/month. That's food, rent, gas/Metro (no ez pass), and not much else. Outside the beltway, say past Occoquan, 2500/month will get you a detached house w/ garage. The commute might be hell.
 
depends on ohio and georgia

ohio 3200 mortgage gets you 4k sq. ft or specialty property

there's a dump of a city here that that gets you a 2 bedroom (still ain't figured that one out)

georgia you can live decently in atlanta or struggle keeping with the jone's

north carolina central area you'll live like a king
 
In Philly and the surrounding suburbs you're going to pay about $1500 a month for a nice apartment. Nice = modern amenities and safe area. A nice house is going to cost you anywhere between $200k and $500k depending on the area. You'll need to bring home at least $3k, after taxes.... and that's on the low end
 
Greensboro, NC

Without financial troubles for a single man i would say about 1500 to 2k a month and probably less than that depending on your mindset.

A family man, I would say about 2k to 3k. 3k to ease the financial burden.
 
kayanation said:
annual

every time i go out it's 100 on food for 2
Click to expand...

tenor.gif


What is the daily life like for you working class SF folks? How much time do you spend away from home a week working or how much the average citizen work per week?

Making all that money, do you feel like you have time to enjoy it? I'm curious because I'm a country boy and life is real slow paced for me.

I want to make more like you city folk do, but I do value my time living slow paced and country. I do 40 to 45 hrs a week working and about 40 minutes total traveling to and from work.
 
Selfscience said:
tenor.gif


What is the daily life like for you working class SF folks? How much time do you spend away from home a week working or how much the average citizen work per week?

Making all that money, do you feel like you have time to enjoy it? I'm curious because I'm a country boy and life is real slow paced for me.

I want to make more like you city folk do, but I do value my time living slow paced and country. I do 40 to 45 hrs a week working and about 40 minutes total traveling to and from work.
Click to expand...


I work 30-40hrs a week

Do prob 3 coffee meetings/week

about 2-3 dinners during the week

weekend prob spend 300 on eating out/drinks

amy drive on weekends so gas is prob 60/month

I walk most places, about 25 miles/week, walk 20 mins to work & 20 mins back

free food at work and free drinks

team event every month e.g. movies, bbq's, bowling etc

gym in my building, concierge for laundry, packages etc

hot tub and sauna

chicks on app rotation

don't know if i could live that suburban life :(
 

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