BLeP wrote:
gymrat wrote:
Um no.. it depends upon where you live. $100k in Louisville or Oklahoma City looks a lot different than NYC, San Francisco, or Los Angeles.
Correct. And you don't have to live in those places.
I think you are missing the point. There is no question $100k goes further in some places than others. But, the point is, you cannot make $100k in many of those places where it goes further.
My daughter-in-law is a perfect example. For her profession, she would be making about $60k in the Milwaukee area. Instead, she is making $80k in the Las Vegas area. The cost of living is 26% greater in Henderson, NV than it is in Muskego, WI.
In the Milwaukee area, she would top out at $80k. In the Las Vegas area, she will top out at $100k. Yes, she could move back to WI, but, she would not be making $100K. Given the cost of living "adjustment" she is making the same in both locations.
You seem to be saying no one making $100k should live paycheck-to-paycheck. That implies that, for people making under $100k, living paycheck-to-paycheck is a possibility. So, using your logic, if my DIL was living paycheck-to-paycheck in WI ($80k), it would be understandable, but, it is inconceivable if she were doing the same in NV ($100k). That makes no sense.
If there are no dogs in Heaven, then when I die I want to go where they went. - Will Rogers
Emery's Third Coast Triathlon | Tri Wisconsin Triathlon Team | Push Endurance | GLWR