Earning $117,000 is low income in the Bay Area

[FitnessFrenzy]

[SF1900]

Getbiggers make $117,000K in 2 days.

[XFACTOR]

$117k sounds about right..... for my vacations budget for the year.

[Mr Anabolic]

The housing market there will implode over the next few years.  As the stock market continues to fall it will make things even worse.

[SOMEPARTS]

There's a reason tech companies are moving to Reno and even Boise right now. Commiefornia is a free market albatross.

[Rascal full]

$117k sounds about right..... for my vacations budget for the year.

 

[OneMoreRep]

I've been telling friends for a long time that in places like New York City and major cities of California, for a married couple with no kids, a working yearly household income should be around $250k just to live with respectable standards. If you want to live well, you need to bring in around $500k/year and in order to live incredibly comfortable, aim for about $750k/year.

Remember, this is just assuming it's 2 people living together. Add kids to it and it changes drastically.

"1"

[Parker]

I've been telling friends for a long time that in places like New York City and major cities of California, for a married couple with no kids, a working yearly household income should be around $250k just to live with respectable standards. If you want to live well, you need to bring in around $500k/year and in order to live incredibly comfortable, aim for about $750k/year.

Remember, this is just assuming it's 2 people living together. Add kids to it and it changes drastically.

"1"

Yet, making that much and living in a city with bad roads, a horrible subway, and high taxes? What’s the point or benefits of living in said place?

[deadz]

117k is garbage anywhere.

[deadz]

lol, no its not. You're telling me 117K a year for a single person is garbage? haha lol.

Please refer to my classification scheme regarding the way getbiggers classify income.

SF1900's classification scheme to describe socioeconomic status based on income per year. Data was collected from Getbig.com

Source:

1900, SF (2015). An alternative classification scheme to describe socioeconomic status. Journal of Getbig.com, 14, 150-190. doi: schmoe

>$100,000 - homeless

$101,000 - $450,000 = poor

$451,000 - $750,000 = low middle class

$751,000 - $1,000,000 - middle class

$1,100,000 - $5,000,000 = upper middle class

$5,100,000 - $50,000,000 = rich

$51,000,000+ = super wealthy

It will get you a one bedroom apt with a 92 Nissan parked outside. Not the life I want to live.

[SF1900]

It will get you a one bedroom apt with a 92 Nissan parked outside. Not the life I want to live.

No, it won't.

[pellius]

Hawaii is the most expensive State in the country. With my girlfriend and me, and taking care of two kids, our combined income is considerably less than $200,000/yr but we live pretty comfortably. It all depends on your lifestyle.

The average household (not just individual) income on Oahu is just under $69,000/yr and the average house is over $750,000. We have our problems like most States but the majority live nice comfortable lives without having to be deep in the six figures.

[IroNat]

I've been telling friends for a long time that in places like New York City and major cities of California, for a married couple with no kids, a working yearly household income should be around $250k just to live with respectable standards. If you want to live well, you need to bring in around $500k/year and in order to live incredibly comfortable, aim for about $750k/year.

Remember, this is just assuming it's 2 people living together. Add kids to it and it changes drastically.

"1"

I think you are exaggerating a bit.

[Irongrip400]

Getbiggers make $117,000K in 2 days.

This

[OneMoreRep]

I think you are exaggerating a bit.

Not at all. Then again, respectable standards are subjective to the beholder.

"1"

[SF1900]

This

Caliber Fitness Solutions, which is owned by Vince Goodrum, CSN, MFT, HPP, CEO, made 150K in 2 1/2 days.

That's A LOT of supplements!!

[mazrim]

It will get you a one bedroom apt with a 92 Nissan parked outside.

.......if you have horrible spending habits.

[El Diablo Blanco]

The housing market there will implode over the next few years.  As the stock market continues to fall it will make things even worse.

You obviously don’t know anything about the Bay Area.  Homes have been overpriced there for 20 years.  There is no bubble in real estate. Just a lot of people and not enough space to build new homes.

[chaos]

Yet, making that much and living in a city with bad roads, a horrible subway, and high taxes? What’s the point or benefits of living in said place?

City? This whole state is like that.

[razzle]

Look north of the 49th and you will get sticker shock. San Fran is Kindergarten compared to Oh Canada!

[POB]

Yet, making that much and living in a city with bad roads, a horrible subway, and high taxes? What’s the point or benefits of living in said place?

80 in the day 60 at night and sunny 345 days a year 20 days of rain in dec/Jan if that, no bugs or humidity ever

[efanhowz]

You obviously don’t know anything about the Bay Area.  Homes have been overpriced there for 20 years.  There is no bubble in real estate. Just a lot of people and not enough space to build new homes.

Yep
Don’t think 2008 had much affect on property value in the bay

[MAXX]

https://en.wikipedia.org/wiki/Household_income_in_the_United_States

The U.S. Census Bureau reported in September 2017 that real median household income was $59,039 in 2016, exceeding any previous year.

[pellius]

Look north of the 49th and you will get sticker shock. San Fran is Kindergarten compared to Oh Canada!

The Left here talk like Canada is the promise land.

[G_Thang]

117k is garbage anywhere.

Not Houston and I'm not talking next to a project either.