Is $55,000 a year for one adult decent (gallon, gasoline, school)

[mpyne]

I live outside of Detroit and 55k I would be extremely happy. The best money I ever made in Michigan was 60k a year. Jobs that use to pay 45k a year pay about $12 a hour now(Im sure republicans are happy to hear that). And people wonder why more people need food stamps to support themselves?

[rayneinspain]

Originally Posted by John hagge

Could only one adult live comfortable on this amount and by comfortable I mean have all their needs meet and some wants with out struggling

Is $61,353 a decent salary for one person to live comfortable on, with 0 debts in the U.S?

Is $60,000 a decent salary for one person to live comfortable on, with 0 debts/loans?

Is $92,000 a decent yearly net income for a family of four?

Is $118,994 a decent yearly income for a family of (4) in the U.S

Do ALL white people still hate blacks in America

It lives!!

[freemkt]

Originally Posted by ChristineVA

Where is this city that you speak of?

Right now I'm in Lansing Michigan (slightly below average COL), before that I was in Portland Oregon (slightly above average COL).

[freemkt]

Originally Posted by waterboy7375

The intravenous drug use capital of the country.

Where is that?

[knowledgeiskey]

I don't think $55 is bad in DC even if you have a child. If you don't spend beyond your means, I don't see why you wouldn't have disposable money left.

[waterboy7375]

Originally Posted by knowledgeiskey

It depends how one lives his/her lifestyle. I can say though that would be the perfect salary for me at least.

Till ya got used to making it. Then you would prolly want more.

[waterboy7375]

Originally Posted by freemkt

Where is that?

Portland

[MJJersey]

Like most people stated, it depends on where you live. You can use city-data to compare the cost of living index for most cities and areas. I think that if you were living alone and you did not have any very expensive habits or hobbies you should be okay on 55 most places. When I made around 60 I lived in the NYC metro area, which is very expensive. But I never had any financial problems. I have some student loans that I paid, I had a car and paid car insurance, my rent was expensive, but at the end of the day I could still afford to buy some small luxury things, save money, and go out to the city with my friends from time to time.

[tyanger]

with no deductions, 55k in the 25% federal income tax bracket means:
$41,250/yr (or $3,437.50/mo or $793.27/wk)
I think a single person should be able to make this work with no legitimate reason to whine about it.

[NHartphotog]

Not in Southern NH.