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Old 12-31-2011, 11:25 AM
 
3 posts, read 5,543 times
Reputation: 10

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Hi everyone,

First, happy Christmas and New year to everyone,!!,
I have an offer to immigrate to the US with my family, we need to take the decision and I have some questions about costs of living and areas. I did a reasonable amount of research before this post - I just have a few specific things to clarify.

We are in 4, my wife and 1 year old twins, Initially my wife will take care the twins but we are looking to some day-care to leave them at less few hours a day (3-4 Hrs)

I know nothing about taxes in the US.I check this info from some Salary Calculator on Internet - are my calculations for my nett salary and living expenses reasonably accurate?
I really appreciate your comments.

Taxes:
- $100 000 gross salary
- $27 000 Bonus
- $21 720 federal taxes
- $4600 state taxes (4.63% of gross salary)

Expenses:
$1500 rent
$1000 Day-care part time??
$700 food
$600 car (We are thinking in 1 economic car and 1 SUV)
$150 insurance
$200 gas
$150 Vision/Medical/dental + health insurance (The rest is cover by the company)
$100 utilities
$300 internet, tv, phone and cell-phone
$50 gym

Location:
The offer is in Englewood, CO 80112, Close to E Dry Creek Rd and Invemess Dr W, and the idea is live close to the office, you have some recommendations?. we are looking to rent a condo for the first year and then buy a home.

Really thanks in advance for any help and have an excellent New year!!!
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Old 12-31-2011, 11:46 AM
Status: "Celebrating 30 years as a Broker" (set 19 days ago)
 
Location: Just south of Denver since 1989
10,882 posts, read 29,310,762 times
Reputation: 7085
Centennial would be close enough to work.

Padmapper.com for rentals.

Welcome to Colorado.
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Old 12-31-2011, 11:55 AM
 
5,090 posts, read 13,511,574 times
Reputation: 6928
80112 is not in Englewood, nor anywhere near it. It just a strange quirk of the postal system that uses Englewood as the address. Englewood is very small, dense, older city, immediately adjacent to Denver and is centered at Broadway and Hampden.

You have many good choices of nearby places to live from Centennial and Lonetree which are the closest to the large development of Highlands Ranch. You could look at the Southern Parts of Aurora which are also close, or even the highly regarded south neighborhoods of Denver. You can easily find a home to fit your salary and budget in these areas and have an extremely easy commute.

If I were you, I would just drive, west on Dry Creek, from your work site, in Centennial, and you will find many great homes and developments with many parks. Be sure to look also on Arapahoe and you will find also good places to live, and a new urban development called Street of Southglenn at University. This is becoming the central core of Centennial The Streets at SouthGlenn It is a redevelopment of an older small mall and there are very reasonably priced homes in the area. There are condos and apartments all around this area and the development has newer apartments http://www.shopsouthglenn.com/leasing/residential/

Livecontent
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Old 12-31-2011, 03:27 PM
 
Location: The Berk in Denver, CO USA
13,947 posts, read 20,196,196 times
Reputation: 22564
Default Your numbers look OK

You will be fine financially.
Your car (leases, I presume) might be another $100/month.

Come on down. The water is fine.
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Old 12-31-2011, 03:49 PM
 
Location: Canon City, Colorado
1,331 posts, read 4,518,320 times
Reputation: 677
I would definitely UP your utilities and maybe your gym.....Utilities include quite a few things and can get a whole lot pricier than a hundred bucks for sure!! Other than that...I think it's a GO!!
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Old 01-02-2012, 05:05 AM
 
3 posts, read 5,543 times
Reputation: 10
Really thanks for all the comments,we already start to look in Padmapper.com...
We still are trying to figure out the taxes :-))
This is ok?

- $100 000 gross salary + $27 000 Bonus
- $21 720 federal taxes (calculation over the gross salary only)
- $4600 state taxes (4.63% of gross salary)
Thanks again for your time!!!
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Old 01-02-2012, 08:22 AM
 
Location: Colorado
301 posts, read 962,644 times
Reputation: 174
Quote:
Originally Posted by palito View Post
Really thanks for all the comments,we already start to look in Padmapper.com...
We still are trying to figure out the taxes :-))
This is ok?

- $100 000 gross salary + $27 000 Bonus
- $21 720 federal taxes (calculation over the gross salary only)
- $4600 state taxes (4.63% of gross salary)
Thanks again for your time!!!

your bonus will be taxable also... if you are trying to figure out the federal taxes, you should use the IRS withholding calculator as a general guideline. You can enter in your specific info because it will depend on your age, filing status, exemptions, etc.

IRS Withholding Calculator

I went through it for you based on 2 dependents and filing joint with your spouse, with a base salary of 100k and 27k in bonuses, your federal tax was approx 15,891.00. But if you are not a US Citizen, this can affect taxing as well. Just something to think about.
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Old 01-02-2012, 08:29 AM
 
Location: The Berk in Denver, CO USA
13,947 posts, read 20,196,196 times
Reputation: 22564
Default Fica?

Quote:
Originally Posted by daisies76 View Post
your federal tax was approx 15,891.00.
I don't think this calculator includes FICA which is another $7K.
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Old 01-02-2012, 09:00 AM
 
Location: Colorado
301 posts, read 962,644 times
Reputation: 174
Quote:
Originally Posted by davebarnes View Post
I don't think this calculator includes FICA which is another $7K.
yeah its only the federal withholding, not medicare or soc sec
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Old 01-09-2012, 01:21 PM
 
Location: Pensacola, FL
5 posts, read 16,812 times
Reputation: 18
Welcome to the US, where we will tax you to death

Sounds like your annual salary in general will do just fine there. Renting first for a year is always a good idea.

I'm hoping to get back to Colorado in the next year, will be working in Englewood (just explaining how I happened upon this thread
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