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Old 04-21-2012, 10:06 AM
 
18 posts, read 9,089 times
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Default Is $60,000 a year a decent middle class salary, for one person to live comfortable on?

what if they had benefits that included 15 days vacation, 15 days sick leave, 10 paid Holidays, and 7 personal leave days annually; generous health insurance, vision care, dental plan, prescription plan all with employer contribution, flexible health care and retirement benefits such as the 457 Deferred Compensation Plan and the 401(k) Savings and Investment Plan and a pension system, and life and accidental death insurance plan. work is performed in a office setting, and flexible work schedules(work 40hrs or less a week).
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Old 04-21-2012, 10:10 AM
 
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Depends on your location. In most of the country yes, that's quite easy to live on. In places like New York City, Los Angeles, Washington, D.C., San Diego, San Francisco, etc., you'll survive but won't be living the high life.
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Old 04-21-2012, 10:27 AM
 
Location: Palm Beach Gardens, Fla
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Single, no kids and little to no outstanding debt? Yes (in most states). But if you calculate your take home pay in...say, NYC, you're only bringing in about $1600 every 2 weeks.
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Old 04-21-2012, 10:34 AM
 
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location location location. But yes you can survive on that in most places. in major metropolitan areas, youll have to sacrifice some things but youll be fine if you live modestly.
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Old 04-21-2012, 10:44 AM
 
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I make about that much in Houston and I am able to save a good bit each month and take a vacation once a year. I live in a decent apartment out in the suburbs.

If I were living in New York, I would have an apartment the size of a closet in a bad area of town and not have much money left over for anything.
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Old 04-21-2012, 10:55 AM
 
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Quote:
Originally Posted by imsh0t View Post
location location location. But yes you can survive on that in most places. in major metropolitan areas, youll have to sacrifice some things but youll be fine if you live modestly.
Not sure about that. Even if you live in a low cost region where housing prices are dirt cheap, I don't think the average costs add up. If you're looking to have kids, then you're talking upwards of $1,500/month for daycare, a lot to save for their college fund, etc. Honestly, I think for a family of four, you need to be making around $100k/year to live comfortably, even in a low cost location.
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Old 04-21-2012, 11:02 AM
 
10,305 posts, read 3,215,881 times
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Quote:
Originally Posted by statisticsnerd View Post
I make about that much in Houston and I am able to save a good bit each month and take a vacation once a year. I live in a decent apartment out in the suburbs.

If I were living in New York, I would have an apartment the size of a closet in a bad area of town and not have much money left over for anything.
Not entirely true. You can live in Queens or Brooklyn relatively well on that if you're frugal. Manhattan would be rather tight, but I have several friends who live in NYC on half that.
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Old 04-21-2012, 11:16 AM
 
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The median household income in the US is around 50k. So in most areas you will be in good shape. Marry someone with a similar salary and you'll be pushing upper middle class.
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Old 04-21-2012, 11:53 AM
 
Location: East of Seattle, originally from SF Bay Area
13,399 posts, read 15,192,913 times
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Unfortunately not many jobs that pay that amount in the cheaper areas. Employers pay what they have to in order to attract good people. The median income in this area is $125,000 and people are not at all rich, with housing and taxes high.
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Old 04-21-2012, 12:13 PM
 
756 posts, read 882,491 times
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I used to think 4 or 5 weeks of PTO (personal, vacation, sick) was good for a position, but not anymore.

Salary aside, 37 days is a nice amount of paid time off, even if the sick time is only supposed to be used if sick. Also, the company is offering 10 holidays. whereas many offer 9 holidays. Since the vacation time is generous, and you listed 40hrs or less a week - Is it a government, non-profit or a public sector (such as from a public university) position?

Last edited by avg12; 04-21-2012 at 12:23 PM..
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