Yes, you can become a multi-millionaire working a dead-end minimum wage job as a janitor. (wages, housing costs)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The median household income in Oxnard, California is $48,603.
You must live in a exceptionally affluent enclave there if $150,000 isn't even middle class.
And what does that mean?
Your assumption is that Oxnard is a middle class city. The majority of Oxnard is far from that. On top of that many in the city have lived in their homes for decades when the price of housing was much cheaper. Today an older home, take ours for instance, can set you back $450,000 or there abouts. My next door neighbor paid $38,000 for her home, well she inherited it from her dad who bought it in 1975. The next door neighbor on the other side inherited their home from her grand father who paid $18,000 for it in 1962. Both of them need far less money to survive than I do. Out of 20 homes on my street 15 of those homes were purchased almost 20 years ago when prices were cheaper. Oxnard has a lot of homes like this that are owned by long time residents that in turn need much less money to live in the city.
We do live in a nice section of Oxnard. Many in the South Side of the city are much worse off when it comes to cost of living. The North Side where we live is much more desirable. Newer homes can set you back into the $1million mark, but these may be considered executive style homes. Many homes that were built in the last 10 years are in the $550,000 to $650,000 range for what many would consider "middle class homes".
Doesn't even make it into the middle class where i live.
150k here in queens , not manhataan is entry into a real middle class life style.
it is like the term millionaire.
a millionaire decades ago was a connotation of a lifestyle not an amount . it meant not working if you didn't want to , a butler a rolls , etc.
the term middle class today means you are not at the poverty level but you still can only lead a very limited budget minded life and doing without alot of wants.
ny times did an article on what it takes to live a middle class lifestyle here in nyc
"Most researchers define the middle class by calculating the median income for a place, and grouping people into certain percentages above or below the absolute middle.
By one measure, in cities like Houston or Phoenix — places considered by statisticians to be more typical of average United States incomes than New York — a solidly middle-class life can be had for wages that fall between $33,000 and $100,000 a year.
By the same formula — measuring by who sits in the middle of the income spectrum — Manhattan’s middle class exists somewhere between $45,000 and $134,000.
But if you are defining middle class by lifestyle, to accommodate the cost of living in Manhattan, that salary would have to fall between $80,000 and $235,000. This means someone making $70,000 a year in other parts of the country would need to make $166,000 in Manhattan to enjoy the same purchasing power."
Many wealthy people started out poor and many came from poor families. Why did these people choose to make a change in their life while others did not? People have a choice.
Intelligence…ambition…common sense… not everybody is born with those attributes.
I'm guessing it's a family name from an earlier generation e.g. mother's family or father's mother's family.
Well, he used to be my boss so I'll tell you. Strange was his mother's maiden name. And he used to like to shred reports with his hands while he was in meetings. A bit strange, but working with him was an interesting experience.
median incomes do not signify a lifestyle. they are just the amounts folks have like it or not and they are forced to life a lifestyle that fits. it may very well be a low end lifestyle in many locations.
there is a difference between a median income and a middle class lifestyle .
age is a big factor as well as whether a couple or not. older folks tend to have more as a group.
but as usual all that counts is what you have and the lifestyle you can lead ,not some stastic of a strawman.
150k here in queens , not manhataan is entry into a real middle class life style.
The median household income in Queens is $37,439. If $150K is entry into a middle class life style, then that means that the overwhelming majority of the 2.3 million residents of Queens - probably 90% or more - are working class or poor.
Does that reflect reality, in your opinion? I guess it might. Most of Queens doesn't look particularly upscale from what I've seen.
it sure does reflect reality here. my ex wife makes more than that and can't even afford to keep a car and had to get rid of it. our friends retired and had to leave to live in florida because they hated the life 45k produced for them here.
queens has some very very expensive areas. malba , bay terrace where we are , forest hills , jamaica estates , i can rattle off at least 10 more areas easily .
where we are our area can have a 2 bedroom co-op runniong a million bucks . private homes are about 1 to 2 million.
don't forget nyc has a lot of projects , rent stabilized apartments and affordable home progams which help if you manage to qualify and get assistance or reduced costs.
Last edited by mathjak107; 02-13-2015 at 08:18 AM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
