In NJ are you (Middlesex, Burlington: home, deductible, income)

[tom1944]

rich, middle class or lower middle class if you make $57-58,000. Pay 30% of your health care premium. 7.5% of your salary to a retirement plan plus social security. You are 40-45 years old and live in one of these counties- Mercer, Burlington, Ocean, Middlesex or Hunterdon

[captne76]

Yes and No.

[skytop]

As always, it depends on your life style and what you consider rich. You could feel very rich or very poor.

[Retriever]

Originally Posted by skytop

As always, it depends on your life style and what you consider rich. You could feel very rich or very poor.

Unless somebody lives a lifestyle of deprivation, I can't imagine anyone feeling rich on that income.
I think it would be more accurate to classify this as middle income, but a lot has to do with whether or not that person has dependents to support.

[stonewawa]

Lower middle. By the time your deductions and taxes are taken out, you are looking at a take home of about $31,000. That is not much no matter what county you live in in NJ. To get to solid middle class, you will need to add a second salary.

[RobRiguez]

Hey you just described my life! Except I pay 50% with a $1500 deductible per year. I am definitely not anything but lower middle class.

In my opinion it breaks down like this in NJ

$40k-100k combined income = Lower Middle Class.
$100k-$200k = Middle Class.
$250k-$500k = Upper Middle class.
$500k+ = Upper class
$1million+ = Rich/Wealthy

Of course, to someone with a Rolls Royce Phantom, even an S-Class seems low brow.

[HalfFull]

the title of your post looked like something from yoda

[CaptainNJ]

Originally Posted by tom1944

rich, middle class or lower middle class if you make $57-58,000. Pay 30% of your health care premium. 7.5% of your salary to a retirement plan plus social security. You are 40-45 years old and live in one of these counties- Mercer, Burlington, Ocean, Middlesex or Hunterdon

if that's your combined family income, ill choose lower middle.

[Adi from the Brunswicks]

Judjing by personal wealth, I am dirt poor. But since I live with my parents currently, I would classify as a middle class person. That's about to change however.

[bbnetworking]

Originally Posted by RobRiguez

Hey you just described my life! Except I pay 50% with a $1500 deductible per year. I am definitely not anything but lower middle class.

In my opinion it breaks down like this in NJ

$40k-100k combined income = Lower Middle Class.
$100k-$200k = Middle Class.
$250k-$500k = Upper Middle class.
$500k+ = Upper class
$1million+ = Rich/Wealthy

Of course, to someone with a Rolls Royce Phantom, even an S-Class seems low brow.

Depend on your town, there are towns in NJ, $100k is upper middle class, like newark.