[Kreliroth]

lol at 80,000 being the highest for Middle Class in Hartford county. I can see maybe 150,000 or something, but 80,000 is far too low.
In fact, the low is too high also. I know some people make the Middle Class too broad, but this definition just seems too narrow.

You also have to take into account what this salary is supporting.

[clutchrider]

I'm assuming that this is per person and not household total income.

[JayCT]

Originally Posted by dazzleman

Those income numbers seem low for middle class in Fairfield County.

Remember that Fairfield County includes towns in the Danbury area as well as the super-expensive portions of lower Fairfield County. That is quite a range. Still a family with an income of $103,000 per year would have a hard time buying a home and living there. I would think the range would be more up to $120,000. Jay

[mels]

Originally Posted by clutchrider

I'm assuming that this is per person and not household total income.

That's what I want to know. That makes a huge difference if the salary is supporting one person or a family of two, four, etc.

[Calvin77]

It said Household Income. It also said it is the range of the middle fifth of earners in the area. Very flawed.

And like others pointed out- you need to consider the number of people that the income has to support.
A single person in Htfd country of 50G will do fine. A family of 4 will live very, very modestly.

From the site:
Notes: Figures are from the U.S. Census Bureau’s 2010-2012 American Community Survey in 2013 dollars. They reflect the household income of the middle fifth of residents in each county. Counties with populations greater than 20,000 are included.

[Stephy0519]

Originally Posted by CTartist&musician

Mazol Tov!

Ha, trust me, I work my butt off for it!

[mels]

Originally Posted by Calvin77

It said Household Income

Oops, I must have missed that. If that's HHI then I am well "above" middle class according to that site, which I truly don't think is the case.

[CTartist&musician]

Originally Posted by JayCT

Remember that Fairfield County includes towns in the Danbury area as well as the super-expensive portions of lower Fairfield County. That is quite a range. Still a family with an income of $103,000 per year would have a hard time buying a home and living there. I would think the range would be more up to $120,000. Jay

A household making $100,000 would have lots of choices in Fairfield County. I used to be in the mortgage department of a bank before I went to art school so I will show you. I am going to give you and example of a nice little house in Trumbull on Edison Road. I picked this one because it is very similar to my cape. The family who owned the house before me was a family of 5.

389 Edison Road, Trumbull, CT 06611 (MLS# 99085942) - Trumbull CT Real Estate - ColdwellBankerMoves.com


$350,000 with 20% down ($70,000) = mortgage amount of $280,000 at 3.75%

If you use the calculator on the page you can see that with taxes of $6000 that comes to $1,800.

Here is a rough estimate on how we used to figure out what a person could afford.

With an income of $100,000 you have a monthly income of $8,333 (30% of the monthly income) = $2,499.


You can afford the house on Edison with $100,000 yearly income with room to spare.

[Raider111]

Originally Posted by CTartist&musician

A household making $100,000 would have lots of choices in Fairfield County. I used to be in the mortgage department of a bank before I went to art school so I will show you. I am going to give you and example of a nice little house in Trumbull on Edison Road. I picked this one because it is very similar to my cape. The family who owned the house before me was a family of 5.

389 Edison Road, Trumbull, CT 06611 (MLS# 99085942) - Trumbull CT Real Estate - ColdwellBankerMoves.com


$350,000 with 20% down ($70,000) = mortgage amount of $280,000 at 3.75%

If you use the calculator on the page you can see that with taxes of $6000 that comes to $1,800.

Here is a rough estimate on how we used to figure out what a person could afford.

With an income of $100,000 you have a monthly income of $8,333 (times that by 30%) = $2,499.


You can afford the house on Edison with $100,000 yearly income with room to spare.

I think your 2499 should be a 5833

[CTartist&musician]

Originally Posted by Raider111

I think your 2499 should be a 5833

Sorry, I worded it incorrectly. I am good at math but terrible at English.

With an income of $100,000 you have a monthly income of $8,333 (30% of the monthly income) = $2,499.