U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Texas > Fort Worth
 [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)
Reply Start New Thread
 
Old 07-29-2009, 11:45 PM
 
Location: In my view finder.....
8,520 posts, read 14,714,452 times
Reputation: 8079

Advertisements

I am thinking of moving to Houston or Forth Worth......

I'll be generating my income from my online businesses. I've set a budget of $40k/a year as a reasonable amount to live off of. I am single and I have no children. Only $250/ month for debts.

I do have a job here in Chicago but I just wanted to ensure that my online businesses were steady before I made a move.

I could allocate more but most of my money is going towards another business venture.


Is $40k enough?


P.s- When I say Fort-Wroth I am talking about the suburbs as well. Not just the city limits.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 07-30-2009, 05:50 AM
 
Location: NE Tarrant County, TX
394 posts, read 1,143,807 times
Reputation: 261
Houston is very economical. I lived like a king in Houston in the early '90s off of about $18K a year. When my salary was raised to $28K, it was like I was swimming in money - I even managed to get a brand new car. Emboldened by this no-state-tax lifestyle in Houston, I moved to NYC for a $40K job and could barely scrape by. Live and learn. Houston must be the most economical city in the entire US.

-Eric
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-30-2009, 06:49 AM
 
32,543 posts, read 51,077,194 times
Reputation: 18423
I think a lot depends on your life style--you have a really low debt requirement you say but you have to pay to eat in some form just like to have to pay for utility costs, shelter--even if you pay in cash you still have to pay taxes each year, other requirments like medical expenses, gas/car maintenance because most places are not on public transportation like Chicago's areas where people don't need a car---you need a car here...

every one is different
some people think taxes on property are expensive here and other people think not--it is all perspective...
for a single person with no real outstanding debts like college loans or credit card debt and no large mortgage/tax payments--you would probably be ok...
but it all depends on your standard of living and what you can't do without....

decent 1/1 apts in the FTW area can be had for under 700 a month plus electric usually--maybe around 500--but again--depends on what you are willing to live with or without--those complexes would be older, not as upscale or polished

gas right now is about 2.39-2.49 regular--
a movie ticket for before 6 bargain matinee first run movie can be had for $4 at Tinseltown in Grapevine--a nice but older theater--and the night shows are $6 a tix--best deal in Metroplex
you can get a full 2-person dinner at PF Changs for $40 plus bev and tip and nice dinner for single person in a variety of restaurants for under 12 w/o alcohol

I think cable charges around here are expensive after you add to the basic pkg--but we have it
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-31-2009, 11:10 PM
 
Location: Fort Worth, TX
20 posts, read 68,720 times
Reputation: 19
Short answer is yes and you cold live comfortably. 40K here is like 50k in Chicago, but you will undoubtedly need a car (even if you live in the city), so be sure to factor that into your living calculations if you don't have one already.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-31-2009, 11:17 PM
 
Location: In my view finder.....
8,520 posts, read 14,714,452 times
Reputation: 8079
Yes, that's in the $40k



thanks



Quote:
Originally Posted by goodmau View Post
Short answer is yes and you cold live comfortably. 40K here is like 50k in Chicago, but you will undoubtedly need a car (even if you live in the city), so be sure to factor that into your living calculations if you don't have one already.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-02-2009, 05:25 AM
 
Location: Fort Worth/Dallas
11,878 posts, read 34,552,972 times
Reputation: 5613
Being single with virtually no debt to speak of, you could live off 40K pretty comfortably in Fort Worth.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-02-2009, 08:51 AM
 
78 posts, read 178,102 times
Reputation: 33
I kept reading this post and finally decided to reply. The question is kind of stupid to be honest. No disrespect intended.

It does not matter what you make, people find a way to live. If you only made 15k a year, you could live here or any state for that matter. The question is really are you able to live in a lifestyle that you feel is right for you? House or Apartment? If you want a house, what do you want your payment to be?

I am not sure if 40K is before tax or after tax? If it is before tax, you will probably be closer to 30-32k so let's just say you have $2600 a month to live on. From there it is pretty easy to determine. Your biggest expense will be a house or an apartment. If you go the apartment route I would guess $600-$800 for an average apartment and then maybe 100 a month for utilities? I have not had an apartment in Texas so I am not sure what the prices really are. So even if you drop a $1000 a month on living, you have $1600 left for car, food, entertainment, savings etc. If you went into a house, even if your payment was $1000 a month, tack on $300+/- a month for utilities and maintenance.

So it really depends on how you want to live.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-06-2009, 11:14 AM
 
4 posts, read 13,258 times
Reputation: 10
Yes, it is very well possible to live decently on 40k/year in the Fort Worth area, speaking from experience. Of course, you have to consider in what kind of housing you plan to live in your decision - that can make a huge difference.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2009, 01:11 AM
 
27 posts, read 290,268 times
Reputation: 26
Default It is doable...

I love Chicago. Wow...what a change to move to Texas (but if you are going to move somewhere, FW is a great place...lots to offer for a smaller city!).

I agree with Loves2Read, Synopsis, GuitarPlayr, and JennieBlue... you most definitely can live in FW for $40K, but you just need to budget/spend carefully. There are several websites dedicated to helping you stretch your budget. One that is published locally to help FW area folks is frugalinfortworth.wordpress.com ...so if you move here, you might want to check that out.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2009, 01:25 AM
 
Location: In my view finder.....
8,520 posts, read 14,714,452 times
Reputation: 8079
You only love Chicago because you don't live here.......



thanks for the reply.


Quote:
Originally Posted by LovesFortWorth1 View Post
I love Chicago. Wow...what a change to move to Texas (but if you are going to move somewhere, FW is a great place...lots to offer for a smaller city!).

I agree with Loves2Read, Synopsis, GuitarPlayr, and JennieBlue... you most definitely can live in FW for $40K, but you just need to budget/spend carefully. There are several websites dedicated to helping you stretch your budget. One that is published locally to help FW area folks is frugalinfortworth.wordpress.com ...so if you move here, you might want to check that out.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


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 > Texas > Fort Worth
Similar Threads

All times are GMT -6.

© 2005-2021, 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