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A recent study showed about 75k for a household IIRC. That is average of course. In San Fran it's certainly a little more...
What they were saying is any more doesn't correlate with an increase in happiness, but less and you start having to make sacrifices on things you want.
It's never the response that people are looking for, but it really does depend. For a single person? Family? City? Country? I know people who wouldn't want to live outside of a city, so for them everything is going to be higher, especially rent or a mortgage. If I had to throw out any old number, just from my experience, i would say at least $60-70k for an east coast city -- this is living very modestly, not having much debt, and not having a family to support.
I'm interested to hear what others would need to live on.
Four girls:13, 11, 10, and 5. stay at home mom for a spouse, Orange County CA $250/sqft house. Braces, weddings, retirement, college, vehicles, auto insurance, cheer fees, for all the kids.
My goal is to retire at 97: Wheel me straight from HR to the nursing home.
Kinda tricky... if I were to maintain my status as a single male renting an apartment, 50-60k would be enough. If I wanted to get married and have kids... double that I suppose plus my spouse's salary. (voted for 50-60)
I currently make close to 100k (this is the DC area). 100k is great as a single male, but I don't plan to be single and childless forever, nor can I guarantee that I'll have a job making 100k forever.
I can live on $125,000 a year. I want to have $250,000 a year or more.
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