Mar 28, 2024
1:27:51pm
1:27:51pm
You can't buy a home in Utah unless you are making over at least 150K a year.
A lot of that answer would be where your primary residence would be as each state would be different.
CA, NY and other locations would be much higher as taxes compared to say Utah, but Utah is catching up in cost of living, taxes I don't think will ever catch up to CA.
Then you have states like FL, TX, OR where there aren't state income taxes so potentially less.
The other thing would be do you already own your home free and clear, or are you still paying on that and the cabin?
CA, NY and other locations would be much higher as taxes compared to say Utah, but Utah is catching up in cost of living, taxes I don't think will ever catch up to CA.
Then you have states like FL, TX, OR where there aren't state income taxes so potentially less.
The other thing would be do you already own your home free and clear, or are you still paying on that and the cabin?
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POLL: What is the minimum level of annual income you and your family need to pay for necessities, reasonable wants and luxuries?
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