Is $55,000 a year for one adult decent (salary, insurance, government)

[totsuka]

I would say it greatly depends on where you live, but even then, yes. You just have to live in the real world and spend you money accordingly.

[skoro]

Outside of most metropolitan areas, that would be a decent income level. The price of housing in many large cities would put it on the low side for those markets, though.

[gumbo31]

It depends on the region of the country. $55,000 in New York isn't the same as $55,000 in West Virginia.

[whogo]

I've lived comfortably on less with a wife and a son.

[Darkatt]

Originally Posted by ChristineVA

My prediction for this thread:

All the people who live in and near cities will tell you that $55,000 is not enough.

All the people that live in rural areas or small towns will tell you that $55,000 is more than enough and that if you can't live on that you are irresponsible.

I live in Va beach. for 55K you can not only live comfortably, but enjoy life as well.

There are some very expensive cities, like NYC, and DC, and then there are other cities like Va. Beach which is fairly median.

[Gtownoe]

I don't know what the rest of you are making, but I'd live extremely comfortable on $50k in this country. Even in Chicago.

[waterboy7375]

What is your description of extremely comfortable?

[Gtownoe]

Originally Posted by waterboy7375

What is your description of extremely comfortable?

A place to stay, transportation, and the ability to be able to enjoy the city.

I'd still have enough for saving.

[whogo]

Originally Posted by Gtownoe

I don't know what the rest of you are making, but I'd live extremely comfortable on $50k in this country. Even in Chicago.

Everyone else here is part of the 1%.

I mean these stupid questions are annoying. Have not most people on this site at one time or another lived on less than 55K? If not you should have...builds character.

[bluesjuke]

In Texas yes.


Of course if they want a yacht that's another story.