What's "Middle income" to you?

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InCreditWeTrust
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What's "Middle income" to you?

Postby InCreditWeTrust » Mon Feb 16, 2015 8:28 pm

What do you all consider to be "middle income"? Now many describe there to be three tiers of middle income, low-middle income, middle income, and upper-middle income.


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obxfisherman
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Postby obxfisherman » Mon Feb 16, 2015 10:18 pm

If you are looking for a number, i'd say middle income is roughly 40K to 80K. Of course there on either side of those numbers your have the lower and higher end tiers you speak of, but generally that is my view of a middle income.
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Postby whit » Tue Feb 17, 2015 12:54 am

^def considering where you are

To me, if you have between 80k-120k that's average middle class though if you're making upwards to 160k, you are not quite middle but not upper class yet.

If you're making 175k and above than its upper class

If you're making between 40k-80k you're lower and anything below 40k to me is poverty considering, rent on average is about 2-3k a month and a new one bedroom condo in an okay area could cost you 800k--and that's considered a good deal

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Postby dickey1331 » Fri Feb 20, 2015 7:40 am

whit wrote:^def considering where you are

To me, if you have between 80k-120k that's average middle class though if you're making upwards to 160k, you are not quite middle but not upper class yet.

If you're making 175k and above than its upper class

If you're making between 40k-80k you're lower and anything below 40k to me is poverty considering, rent on average is about 2-3k a month and a new one bedroom condo in an okay area could cost you 800k--and that's considered a good deal


Where do you live that rent is 2-3k a month average? I dont think that is normal accross America.

I'd say anything over $80k is when you start leaving the middle class.
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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Feb 20, 2015 10:12 am

40k goes a lot further in Mississippi than in many areas of California (or parts of the Northeast).
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Postby whit » Fri Feb 20, 2015 1:47 pm

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Not really that pricy if you find roommates; this is for whole places

And if you know someone you can often find places that aren't that high..

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Postby dickey1331 » Sat Feb 21, 2015 11:18 am

whit wrote:Image

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Not really that pricy if you find roommates; this is for whole places

And if you know someone you can often find places that aren't that high..


Yuck. Even when I lived in Alaska I had rent cheaper than that.
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Postby whit » Sat Feb 21, 2015 12:17 pm

yeah, not pretty but you have to understand that I just spoke to a 25 year old who was doing his own biz than after a year said **** it, got a job and the starting pay is 175k annually

Which isn't bad considering that's the base this one other guy told me he got for being a project manager of one of googles many arms BUT that doesn't include the stock options he got (6 figures) and bonuses 5-6 figures

i met with a commercial landowner whose joy is to flip places by buying cheap than making it spanking sparking for renters and he doesn't care that he's asking a lot more $$$$ because there's more demand than supply

tech stratups just do shared space

Eta--I just paid 10.49 for an avocado and stacked ham sandwich with egg, cheese

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Postby Fastphilly » Sat Feb 21, 2015 1:54 pm

Some people with lower incomes than the 100K club may have more expendable cash to spend/save. I make 85K per year but I have no rent or mortgage payment. I'd consider my self in that group simply because I don't have a home wiping me out of 1/3 to 1/2 of my income. Everybody's case is different.
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Postby whit » Sat Feb 21, 2015 3:29 pm

Same, and it's the only way to survive in a city that's overflowing with those that have a much higher ratio of income

But it's not just about how you budget and spend your money it's about the ability and don't get me wrong, the 10.49 isn't a daily habit

But I have the ability to splurge when I want to because I save where I need to

Some folks could spend a lifetime never taking vacation and you can say you feel sorry that they've never left the continent they're in but, they choose to so they can have a roof over their head and food on the table and send their children to the best schools to have the chance to better themselves rather than spend money on said vacations

But I'm sure if those folks had the ability to do both they would



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