Quote:
Originally Posted by Goodpasture
I look at cost of living in a different manner. I suppose comparing San Diego costs to Tulsa costs or NJ costs to Arkansas costs is relevant, but that, to me, is not a real world test. I MUCH prefer asking things like "Can a cable installer afford a house" or "Can a working couple afford to eat the food that is available in the supermarket" or "Is there enough money left at the end of the month to provide adequate savings." I suppose monitoring the cost indicators are of value, but I prefer to monitor the contents of the shopping carts around me and the tables at the barbeque restaurants.
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I agree with you 100%. New Jersey is one of the wealthiest states in the union. I run across tax returns everyday with incomes of $500,000+. People are buying condominums for three quarters of a million dollars. There is definitely big bucks in this state. However to use your example: no -- the cable installer cannot survive in New Jersey unless he has a second job and his wife works full time. Policemen in our little town of 25,000 make between $75,000 and $100,000, but they work overtime to make ends meet. And their wives work full time as well. If you have your MBA or other professional degree and want to commute to Philadelphia or New York City you can make big money and probably have a decent life. That was the reason we decided to move. Neither one of my kids are the MBA type. Scott will most likely do honest decent work with his hands and Anna is thinking of law enforcement. They could not survive (buy a house, raise a family, take a vacation) with the incomes those careers will provide in New Jersey.
My neice and her new husband bring home an income of about $200,000 (together). They commute 2-1/2 hours from Point Pleasant Beach to New York City each way. They would like to start a family, but how can they do that with that kind of time committment? They will have to either one or both work closer to home and take a huge cut in pay. They're thinking of moving to Delaware.
Statistics mean nothing. Quality of life means everything.