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I am amazed at some of these comments. Most people I know make no where near 160 k combined. Do you know that the median income on LI for 2010 is 103,000 a year ( and that is combined income). Most of the people I know are not making huge salaries. I am not working now, and having a hard time finding another job. My husband makes about 120k, but our mortgage is very low (you would not believe me if I told you what it was). We also drive old cars with alot of mile on it and have one child. I do believe that most people on LI are living way lower than the salaries you are saying you need to survive. If your kids are still on LI when they are grown, expect them to be living with you forever, sad say,but true.
I am 38 I just had a baby I am married with 2 kids now. I use to live on Long Island. I currently live in Florida. I want to move back ! Florida is great for the weather and thats it .Times are tuff down here. Schools suck. I want the best for my family . My friends and family are up there in LI. I know I could make more $ up there. I also know it costs more but can you put a price on Friends and family ??? Florida does not pay big $$$$. What to do ???? I want good schools . I feel between my wife and I we could make 100k to 125K a year . Do you think that would work. At 38 its hard to start all over. I lost everything down here .
Same crazy numbers being thrown around in this thread, starting to make me worried.
We make about $100k combined and are buying a house around $320k in the Shoreham area. We have sat down and realistically planned the mortgage, taxes, insurance plus all the bills, gas for the cars, savings etc. and we can afford to live here pretty decently. Maybe things have changed with the lower home prices and interest rates.
I am amazed at some of these comments. Most people I know make no where near 160 k combined. Do you know that the median income on LI for 2010 is 103,000 a year ( and that is combined income). Most of the people I know are not making huge salaries. I am not working now, and having a hard time finding another job. My husband makes about 120k, but our mortgage is very low (you would not believe me if I told you what it was). We also drive old cars with alot of mile on it and have one child. I do believe that most people on LI are living way lower than the salaries you are saying you need to survive. If your kids are still on LI when they are grown, expect them to be living with you forever, sad say,but true.
It's all due to housing/property tax costs. There's many older people who don't make $160k combined but they purchased there home before the boom and have lower monthly payments.
I often hear older people say that if they sold their home, moved away, they would never be able to move back and purchase a home here. It wouldn't be affordable if used that cash for something else and needed to start fresh with a $400k+ mortgage payment.
If houses came back to pre housing bubble prices the affordability issues on Long Island would narrow greatly.
Same crazy numbers being thrown around in this thread, starting to make me worried.
We make about $100k combined and are buying a house around $320k in the Shoreham area. We have sat down and realistically planned the mortgage, taxes, insurance plus all the bills, gas for the cars, savings etc. and we can afford to live here pretty decently. Maybe things have changed with the lower home prices and interest rates.
What are your property taxes? Curious how much you'll be putting away for retirement and after all those expenses how much money you'll have left over to enjoy life. What about if you have children soon, have you factored in the cost of daycare? I would never discourage someone from living here and starting a family, but just know what you're getting into as I would hate to see people struggle.
Hi, I was recently offered a job that pays right around 50k. Is it worth it to move out there for this? I really have no payments or debt right now, so the bills would be cheap. It looks like I would have to rent and probably spend 2,000 to get something decent? Does that sound about right?
Thanks for your help
Hi, I was recently offered a job that pays right around 50k. Is it worth it to move out there for this? I really have no payments or debt right now, so the bills would be cheap. It looks like I would have to rent and probably spend 2,000 to get something decent? Does that sound about right?
Thanks for your help
Where in LI is the job? Where and how will you commute to work? Do you have any pets moving with you?
The job is near Brookville which I know I can't live there, but willing to commute. I have no pets and no real debt, main bills would be rent, insurance, etc. I have very little of a car payment left.
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