Quote:
Originally Posted by wheelsup
No question the COL in NJ is much higher than in pretty much any southern state. I don't think you'll ever see anyone say otherwise. However I'm still baffled that you think $50k/yr is upper middle class even in rural AL.
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After their mortgage and property taxes, and personal income taxes they have $43K leftover. Their car insurance is a fraction of what the same coverage would cost in NJ, and their state income taxes are minimal as well. When all is said and done, they have more disposable income, and are living a pretty nice lifestyle. They drive late model cars (and not KIA's) and take a cruise every year. They are living far better than many of my friends in NJ who make twice as much but have three or more times the COL against that income.