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But col makes 100K an average salary in that area. A one bedroom apartment in a nice - not luxury but pool and well maintained complex will be 2000K a month.
Don't even start that.
Yea, it's 'average' if you live in the rich, white suburbs of Dix Hills.
What about the residents of Elmont, Freeport, or Jamaica, for that matter? All of where the household median income is lower than six figures. Even Carle Place has a median household income well lower than that. I know you know what Carle Place looks like.
Aren't you the poster who is encouraging posters to live their dream and go pursue art, writing, and music?
It's not an unreasonable expectation in our area 5-6 years out of college to be making 100Kish in most fields. The exception would be teaching and other service fields like social work. Now, COL is on the high side, but not like it would be in Boston, NYC, San Fran, etc.
This is absolute rubbish....
Show even ONE shred of evidence to back up this ridiculous claim...
It is ABSOLUTELY an unreasonable expectation to be making 6 figures 5-6 years out of college in MOST fields...
People were looking for data to back up your post. Your original post on the topic didn't specify high COL areas. More specifically, that post of yours referenced an individual (not a family income of $100K). I posted a link showing that individuals making $100K or more are in the top 4% in the nation.
Here is a list of individual jobs making below $100K. Please note:Many of these jobs have schooling beyond an undergrad degree. Additionally, most are very technical in nature. As my math teacher once said, if you often use advance math in your job, you probably will be making more than most.
As you see, it is uncommon for an individual to make north of $100K or the top 4%. Jobs making above $100K are heavily focused in the medical fields (doctors, dentists, pharmacists, etc ) and other post UG degrees like lawyers, judges, actuaries, etc. Just because I know a lot of millionaires (most of my customers are millionaires and the folks who live on our lake are all wealthy) doesn't mean that >$100K is common. I'm saying personal examples doesn't matter.
Here is an impressive sample of careers making below $100K (many of which have advanced degrees). As you see, it is not common to make above $100K. This is a list of people making the most money. Your perception isn't supported by the facts. Source Top Ten Lists :: Highest Paying Jobs
Chemical Engineers $99,440
Training and Development Managers $99,280
Health Specialties Teachers, Postsecondary $99,210
Sales Agents, Securities and Commodities $98,810
Securities and Commodities Traders $98,810
Sales Agents, Financial Services $98,810
Geoscientists, Except Hydrologists and Geographers $97,700
Sales Engineers $97,320
Engineering Teachers, Postsecondary $97,260
Education Administrators, Postsecondary $97,170
Hydroelectric Production Managers $96,370
Biofuels Production Managers $96,370
Industrial Production Managers $96,370
Methane/Landfill Gas Collection System Operators $96,370
Biomass Power Plant Managers $96,370
Remote Sensing Scientists and Technologists $96,290
Art Directors $95,500
Electronics Engineers, Except Computer $94,670
Economics Teachers, Postsecondary $94,450
Construction Managers $93,900
Solar Energy Systems Engineers $92,260
Robotics Engineers $92,260
Validation Engineers $92,260
Veterinarians $91,250
Personal Financial Advisors $90,900
Atmospheric and Space Scientists $90,860
Mining and Geological Engineers, Including Mining Safety Engineers $90,070
Anesthesiologist Assistants $89,470
Physician Assistants $89,470
Electrical Engineers $89,200
Biomedical Engineers $88,360
Administrative Law Judges, Adjudicators, and Hearing Officers $88,340
Financial Analysts $87,740
Medical Scientists, Except Epidemiologists $87,640
Biochemists and Biophysicists $87,640
Materials Engineers $86,790
Physics Teachers, Postsecondary $86,730
Neuropsychologists and Clinical Neuropsychologists $85,830
Psychologists, All Other $85,830
Orthoptists $83,710
Naturopathic Physicians $83,710
Mechanical Engineers $83,550
Automotive Engineers $83,550
Fuel Cell Engineers $83,550
Computer Systems Analysts $82,320
195.
Chiropractors $78,780
Social Scientists and Related Workers, All Other$78,670
Nuclear Power Reactor Operators $77,550
Statisticians $77,280
Commercial Pilots $76,050
Computer Programmers $76,010
Detectives and Criminal Investigators $75,720
Arbitrators, Mediators, and Conciliators $75,550
Psychology Teachers, Postsecondary $74,890
Chemists $74,780
Elevator Installers and Repairers $73,560
School Psychologists $73,090
Molecular and Cellular Biologists $73,050
Power Distributors and Dispatchers $72,360
Speech-Language Pathologists $72,000
Microbiologists $71,720
Accountants $70,130
Dental Hygienists $69,760
Copy Writers $68,060
Last edited by MN-Born-n-Raised; 08-10-2013 at 05:30 AM..
People were looking for data to back up your post. Your original post on the topic didn't specify high COL areas. More specifically, that post of yours referenced an individual (not a family income of $100K). I posted a link showing that individuals making $100K or more are in the top 4% in the nation.
Here is a list of individual jobs making below $100K. Please note:Many of these jobs have schooling beyond an undergrad degree. Additionally, most are very technical in nature. As my math teacher once said, if you often use advance math in your job, you probably will be making more than most.
As you see, it is uncommon for an individual to make north of $100K or the top 4%. Jobs making above $100K are heavily focused in the medical fields (doctors, dentists, pharmacists, etc ) and other post UG degrees like lawyers, judges, actuaries, etc. Just because I know a lot of millionaires (most of my customers are millionaires and the folks who live on our lake are all wealthy) doesn't mean that >$100K is common. I'm saying personal examples doesn't matter.
Here is an impressive sample of careers making below $100K (many of which have advanced degrees). As you see, it is not common to make above $100K. This is a list of people making the most money. Your perception isn't supported by the facts. Source Top Ten Lists :: Highest Paying Jobs
Chemical Engineers $99,440
Training and Development Managers $99,280
Health Specialties Teachers, Postsecondary $99,210
Sales Agents, Securities and Commodities $98,810
Securities and Commodities Traders $98,810
Sales Agents, Financial Services $98,810
Geoscientists, Except Hydrologists and Geographers $97,700
Sales Engineers $97,320
Engineering Teachers, Postsecondary $97,260
Education Administrators, Postsecondary $97,170
Hydroelectric Production Managers $96,370
Biofuels Production Managers $96,370
Industrial Production Managers $96,370
Methane/Landfill Gas Collection System Operators $96,370
Biomass Power Plant Managers $96,370
Remote Sensing Scientists and Technologists $96,290
Art Directors $95,500
Electronics Engineers, Except Computer $94,670
Economics Teachers, Postsecondary $94,450
Construction Managers $93,900
Solar Energy Systems Engineers $92,260
Robotics Engineers $92,260
Validation Engineers $92,260
Veterinarians $91,250
Personal Financial Advisors $90,900
Atmospheric and Space Scientists $90,860
Mining and Geological Engineers, Including Mining Safety Engineers $90,070
Anesthesiologist Assistants $89,470
Physician Assistants $89,470
Electrical Engineers $89,200
Biomedical Engineers $88,360
Administrative Law Judges, Adjudicators, and Hearing Officers $88,340
Financial Analysts $87,740
Medical Scientists, Except Epidemiologists $87,640
Biochemists and Biophysicists $87,640
Materials Engineers $86,790
Physics Teachers, Postsecondary $86,730
Neuropsychologists and Clinical Neuropsychologists $85,830
Psychologists, All Other $85,830
Orthoptists $83,710
Naturopathic Physicians $83,710
Mechanical Engineers $83,550
Automotive Engineers $83,550
Fuel Cell Engineers $83,550
Computer Systems Analysts $82,320
195.
Chiropractors $78,780
Social Scientists and Related Workers, All Other$78,670
Nuclear Power Reactor Operators $77,550
Statisticians $77,280
Commercial Pilots $76,050
Computer Programmers $76,010
Detectives and Criminal Investigators $75,720
Arbitrators, Mediators, and Conciliators $75,550
Psychology Teachers, Postsecondary $74,890
Chemists $74,780
Elevator Installers and Repairers $73,560
School Psychologists $73,090
Molecular and Cellular Biologists $73,050
Power Distributors and Dispatchers $72,360
Speech-Language Pathologists $72,000
Microbiologists $71,720
Accountants $70,130
Dental Hygienists $69,760
Copy Writers $68,060
These are national averages....some parts of the country pay more, some pay less...just like I stated above...
These are national averages....some parts of the country pay more, some pay less...just like I stated above...
No you didn't, you said nationally:
Quote:
Originally Posted by golfgal
Standard rule of thumb for college debt affordability is the amount of overall debt equal to your starting salary is "affordable". Since the average starting salary is close to $50K nationally and the average student loan debt nationally is $28K, MOST students going to college are being reasonable with their debt load.
100K 5 or 6 years out of college is NOT an unreasonable expectation--or the adjusted COL by region for that same salary.
I just pointed to a link that shows a whole lot of people that make less than $100K with advanced degrees and this is a list of the HIGHEST paying jobs. 96% are below $100K including the jobs that I posted. It is reasonable to expect >$100K if you are a doctor, dentist, judge or CEO. But not even as an advanced engineer or a PA should you expect to make > $100K.
As you said in your initial post, if they adjust for the COL, $100K doesn't go far (hence the rule of thumb has to be adjusted as you wrote in the post I pasted in above). It's o.k. to say that you were incorrect.
Last edited by MN-Born-n-Raised; 08-10-2013 at 06:28 AM..
I just pointed to a link that shows a whole lot of people that make less than $100K with advanced degrees and this is a list of the HIGHEST paying jobs. 96% are below $100K including the jobs that I posted. It is reasonable to expect >$100K if you are a doctor, dentist, judge or CEO. But not even as an advanced engineer or a PA should you expect to make > $100K.
As you said in your initial post, if they adjust for the COL, $100K doesn't go far (hence the rule of thumb has to be adjusted as you wrote in the post I pasted in above). It's o.k. to say that you were incorrect.
You aren't even quoting the right post. You taking this out of context so sure, you can twist what I said around to your satisfaction but we were talking about 5-6 years out of college and that 100K is not an unreasonable expectation in many parts of the country...we had moved on from the student loan discussion but feel free to say you were incorrect...
Standard rule of thumb for college debt affordability is the amount of overall debt equal to your starting salary is "affordable". Since the average starting salary is close to $50K nationally and the average student loan debt nationally is $28K, MOST students going to college are being reasonable with their debt load.
100K 5 or 6 years out of college is NOT an unreasonable expectation--or the adjusted COL by region for that same salary.
100K is reasonable in some situation, it is not exactly as common as it once was. Maybe it will be again someday. The issue is as college costs rise higher and higher, we are seeing less juice from the squeeze because salary is not exactly keeping up with it. We have seen stagnant wages for the most part since the recession Bush inherited at the end of 2000.
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