How would you classify $250,000/yr family income? (Santa Ana, Irvine: car insurance, student loans)

[OptimusPrime69]

250k with three kids in southern california is solidly middle class and thats it.

A family is not rich if they're bringing in that much, sorry.
Solidly middle class, not even wealthy, but "relatively" comfortable.

My kids would be going to private school, so dang.... that'll eat up like a third of right then and there.... not to mention maybe 2 fam vacations a year, at least 2 cars, gas, food, bills, etc.

[Ragnar]

Originally Posted by Coldjensens

In some instances private schools are needs, not wants. It depends on the location.

I disagree with this. Private schools are almost never a need. One may not like the public schools in their area, but public schools are always an option, even if the kids don't go the school closest to home.

However, if one has a child with a unique developmental disability who requires a special school, I can see private school more as a need. Yet, funding from somewhere should be availalbe to help defray the cost or pay the cost in its entirety.

[JohnG72]

Originally Posted by OptimusPrime69

250k with three kids in southern california is solidly middle class and thats it.

A family is not rich if they're bringing in that much, sorry.
Solidly middle class, not even wealthy, but "relatively" comfortable.

My kids would be going to private school, so dang.... that'll eat up like a third of right then and there.... not to mention maybe 2 fam vacations a year, at least 2 cars, gas, food, bills, etc.

Lol that you don't understand that private schools and 2 family vacations make you rich. Or perhaps the Wi, the portable game systems I'm sure your kids have, the televisions that are excessive(36" LCD refurbished would probably be passable, but I'm guessing your TV's were $1500+), $20k+ cars(prolly more like $40k+), etc.

Look, I'm not denying you that stuff. I have all of that and more myself. But every last bit of it is a luxury item. So let's call a spade a spade....q family of four with an income of $250k a year is rich...no matter which way you slice it.

I'm gonna start calling people on this IRL. No way that people making this amount of loot should deny that they have money and try to bs like they are struggling to get by.

[OptimusPrime69]

Originally Posted by JohnG72

Lol that you don't understand that private schools and 2 family vacations make you rich. Or perhaps the Wi, the portable game systems I'm sure your kids have, the televisions that are excessive(36" LCD refurbished would probably be passable, but I'm guessing your TV's were $1500+), $20k+ cars(prolly more like $40k+), etc.

Look, I'm not denying you that stuff. I have all of that and more myself. But every last bit of it is a luxury item. So let's call a spade a spade....q family of four with an income of $250k a year is rich...no matter which way you slice it.

I'm gonna start calling people on this IRL. No way that people making this amount of loot should deny that they have money and try to bs like they are struggling to get by.

lets call a spade a spade lol.

I blame it on the Kardashians.

[robabeatle]

What is the poverty level defined as? Family of 4 pulling in something like $16K.

think about it.

[BRinSM]

Originally Posted by OptimusPrime69

My kids would be going to private school, so dang.... that'll eat up like a third of right then and there.... not to mention maybe 2 fam vacations a year, at least 2 cars, gas, food, bills, etc.

this is much better than a middle class lifestyle. middle class does not equal coach bags, brand new cars, and viking appliances. middle class is not an annual vacation to hawaii or europe. if i'm wrong, then there's a contingency that middle class also means that you're drowning in debt.

[MountainBiking]

$250,000 is mostly wealthy even in Orange County. I don't know about the most expensive O.C. coastal cities especially with an ocean view. At least you won't be eating PB & J sandwiches every night.

-Cheers.

[JohnG72]

The median family income in OC is around $72k a year. $250k is 3.5x that.

/thread

[robabeatle]

JohnG72: can you provide a source? I thought it was higher than that.

[Ol' Wanderer]

Originally Posted by JohnG72

The median family income in OC is around $72k a year. $250k is 3.5x that.

It would be difficult to determine the median family income in OC since there are very wealthy cities as well as sub par ones, but according to Wiki, the median family income as of 2007 is $81,260.

The most detail list Wiki shows is of 2005, in which there are 24 cities with average family income above $72K (I'm using your number) and 15 with income below that. Even though Wiki places Laguna Wood at the bottom of the list, I don't think it should be counted because almost everyone in Laguna Wood collects pensions or Social Security but with true assets much larger than the average OC household.

Still, as of 2005, Villa Park shows average family income at $200K+, and Costa Mesa where a large number of residents are menial workers shows the average income at almost $70K.

Orange County, California - Wikipedia, the free encyclopedia