Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maryland > Baltimore
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-30-2015, 06:05 AM
 
5,289 posts, read 7,424,997 times
Reputation: 1159

Advertisements

*How much money do you need to make to be comfortable in Charm City?
You need to make $108,092 a year to live comfortably in D.C., report says

You need to make $108,092 a year to live comfortably in D.C., report says - The Washington Post


A rooftop deck is seen in Washington in this file photo. (Benjamin C. Tankersley for The Washington Post)
Another week, another breathless report showing how darn expensive and wealthy D.C. is. Last week, we reported that D.C. ranked 10th in the most millionaires in the country per capita category when compared with states. (Maryland had the most, and Virginia came in at No. 6.)
This week, a report from Cheat Sheet says D.C. has the third-highest percentage of households earning at least $150,000 a year among cities with at least 500,000 people. San Francisco and San Jose ranked first and second, respectively.
Cheat Sheet then determined how much a household would need to earn a year in order to live “comfortably.” The report used $75,000 as the “magic salary number” based on a 2010 Proceedings of the National Academy of Sciences study indicating that someone’s day-to-day emotional well-being doesn’t increase after a household income hits the $75,000 threshold. Cheat Sheet then adjusted that income level up or down using a cost-of-living calculator and comparing each city to Phoenix — “a city with a moderate cost of living and a median income that’s close to the national average.”
From there, it concluded a person would need $108,092 to live comfortably in D.C. (Note: The report indicates an individual would need this amount to live comfortably, while the 2010 Proceedings of the National Academy of Sciences study determined that $75,000 was the amount of money a household needs to hit the happiness threshold.)
Reply With Quote Quick reply to this message

 
Old 01-30-2015, 08:51 AM
 
850 posts, read 1,132,116 times
Reputation: 387
108K is actually pretty low. You would live "comfortably". You would be limited to what areas you can live and you'll likely be renting....

I know in SE DC it's being heavily gentrified. I see condos and studios going to 180K to 200K. I don't know what the fees are but you can do that. SE is blowing up with new commercial businesses and the last thing they need to do is tear down some of the section 8.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maryland > Baltimore

All times are GMT -6. The time now is 03:09 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top