Quote:
Originally Posted by redpoint5
Apparently, but as I mentioned, living paycheck to paycheck has less to do with income and more to do with personality. I always mention the coworker that made twice my income, lived in a single room apartment, and came to me on several occasions to make rent. Spenders (vs savers) are at risk across the income spectrum.
|
It is a combination of personality and cost of living. $200K doesn’t go as far in locations where the median home is $1 million
In my zip code out in the burbs the median home price is $406K or $224 per sq ft. 5 years ago when we bought our house $200k got you a 3 bedroom / 1 bath with a leaking roof and black mold growing visibly up the walls.