10 places where families can earn six figures and still be broke area.
They attended all levels cheap coach handbags online of schooling here, and their families still live close by. But as the couple looks toward a future with children, they don see how they can afford to stay in their hometown even though they bring in more than $100,000 annually. life that I living is unsustainable, and I know it, says Lauren, 30. I so deeply rooted here. I can imagine living anywhere else, even though I know this won last forever. plight is reflected in the findings of a recent report, which analyzed the best and worst cities for a family earning six figures. not surprised at all, Lauren says. Though she and John, a government contractor, make just above $100,000 doesn go far here even though it sounds like a lot. And you can forget about buying a place. couple shells out $1,700 monthly on coach shoes on sale their one bedroom apartment, located in a 1960s building with no thermostat or washing machine. proper. She takes Japanese lessons at the embassy. Her running club recently took a route to the Lincoln Memorial and back. She can hop on the metro to visit either of her two sisters. And she and John have always enjoyed commutes of less than 20 minutes. you don live in Arlington, I can understand how outsiders would say, that a selfish decision you can have everything, Lauren admits. my world is here. I still close with my high school friends. John family is 90 minutes away. or watch the fireworks in just a few minutes. life come with hefty costs, as the study showed. The analysis which factored in basic expenses like taxes, housing, and transportation was designed to see where a family earning $100,000 has the most wiggle room. The estimates assume a two income household with two adults and one child, and cities are ranked by worst (least amount of money left over at the end of each month) to best (the most amount of money left over at the end of the month). area, rounding out the bottom three are Bridgeport Stamford Norwalk, Conn., and San Jose Sunnyvale Santa Clara, Calif. By contrast, Tennessee is clearly the best state for six figure households to stretch their dollars: Johnson City, Morristown, and Cleveland are the top three cities on list. The differences are stark. In Johnson City, Tenn., total monthly expenses make up just 62% of total post tax income, leaving a $2,400 surplus. area, expenses come to 105% monthly meaning households making $100,000 are $315 in the red on average at the end of the month. doing just fine for now, but when I think about a baby and buying a house, it not going to work, Lauren says. check Redfin every day, as if some magical condo is going to spring up. We go through this cycle of house hunting where we lower our standards more and more, and we still can find anything. and John have found homes they think they can afford: two bedrooms, maybe 980 square feet or so, for about $650,000. But these are often condos and townhouses with high homeowners association fees, which puts the homes far above budget. It frustrating. And it why Lauren has seen friends, one by one, scuttle out to the suburbs in search coach outlet stores ky of slightly more affordable real estate and space for a family. of an hour or more. Lauren fears that would be untenable for John. She wants to see her husband stay happy at his job, where he has worked for seven years. John is also slated for a promotion soon, which could help ease some of their worries. But Lauren doesn expect any windfall to solve the deeper barriers of raising a child in her hometown. make six figures, we responsibly put money in savings and retirement, and it not enough, Lauren says with a sigh. I think will happen is that we won be able to delay coach discount outlet having a baby any longer, and life will become about what best for them. But for now, it hard to swallow any decision that will make our lifestyle worse. While some of those offerings are trendy restaurants and pricey shows, cities are also home to loads of free fun like museums, festivals, and block parties. What more, Shanon live in partner works in IT, and he can easily pick up side jobs like refurbishing computers. know we lucky that we doing well, and he can make $2,000 in a heartbeat by grabbing a quick job if he wants, Shanon says. lots of people I know are living with roommates even when they don want to. And in our last neighborhood, a bunch of families packed in grandparents too. Shanon says she and her family are looking for ways to reduce our expenses. She opted not to enroll her youngest in a preschool that would have cost $380 weekly, instead balancing her work at home life with caring for her child. The family currently pays $2,600 monthly to rent their townhome in Alexandria, though they looking to move a few blocks away where homes can rent for $1,900. metro. a transient area, and I found it can be hard to form lasting relationships, Shanon explains. don necessarily feel at home. isn sure where her family forever home will be, but she plans to choose a spot based on the basics. primary considerations are factors like cost of living, safety, and good school districts, Shanon says. have to stay focused on the important things. Cameras Hurricane Central Health Detail Wednesdays Weather Kid Local Medical Minute National Politics Verify Community Calendar Side Effects CBS19 Investigates More.
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