I just looked it up... 1%ers are mostly over $500K now...they are the group that

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Jan 11, 2022
5:35:14pm

Nat Gas Man Truly Addicted User

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Nat Gas Man

Previous username: TXSmith
Bio page: Nat Gas Man
Joined: Apr 28, 2010
Last login: Aug 23, 2023
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Messages

Author

Time

No negativity here, but is $150k the plateau people think is making good $$$?

COUGZ

1/11/22 5:20pm

It can't be. It all depends on where you live. In the Bay Area $150k would

Thrill

1/11/22 5:22pm

Bay Area Question...I have no idea...what is a normal salary for tech in the Bay

COUGZ

1/11/22 5:25pm

Not sure, but $1M is on the very low side for a very small family home (e.g.

Thrill

1/11/22 5:39pm

Not anymore. Try 1.5 to 2 million. It’s a awful

southbaycoug

1/11/22 5:43pm

So what would you estimate is the salary needed for a family guy to live in

Thrill

1/11/22 5:48pm

Depends on size of family. I have a really large family so I wouldn’t work in

southbaycoug

1/11/22 6:13pm

We rented there for the first 7 years of my marriage. Different stage of life

BYUHawk

1/11/22 6:31pm

Did you mis type 550k?

CarolinaCoug

1/11/22 5:22pm

That is like top 1% in the US

Chester Copperpot

1/11/22 5:27pm

It varies a lot. By market and a person's experience. Some think $100K is a ton,

Nat Gas Man

1/11/22 5:23pm

Depends....have I had way too many kids and over-extended myself for a house I

NOCAL_YFAN

1/11/22 5:25pm

About $10,000 more than I currently make changing every time I get a raise

Kajdin

1/11/22 5:25pm

Depends a lot on how much you have to work to get it.

OPINIONS

1/11/22 5:26pm

Also a lot of talk is about the "rich". Let's say in Utah what level is rich.

BYU71

1/11/22 5:26pm

Nope, because they spend too much relative to income.

Turnpike Lane

1/11/22 5:27pm

rich in Utah, or top 5% is $200K/year, 1% $450K/year, but those #s are pre Covid

Nat Gas Man

1/11/22 5:30pm

I don't expect the top numbers to move much. The 50-80k jobs will though.

Turnpike Lane

1/11/22 5:33pm

I just looked it up... 1%ers are mostly over $500K now...they are the group that

Nat Gas Man

1/11/22 5:35pm

$150k+ puts you in the top 20% of earners. It is absolutely good money.

Turnpike Lane

1/11/22 5:27pm

I think this is true. Anything that puts you in the top 20% of a category is, by

macdizzle

1/11/22 5:50pm

There are also advantages to making better money cause you live in a HCOL city

TCuz

1/11/22 5:27pm

Depends on where you are and how many kids. Also, is that one earner or 2?

panacablue

1/11/22 5:30pm

In Utah if you don’t already own a home, $150k isn’t that much.

RdF3

1/11/22 5:31pm

This is unfortunately becoming more and more true. Mid level homes are pushing

Kajdin

1/11/22 5:34pm

BYUFootballisBack

1/12/22 5:07pm

I think that is a solid monthly income, yes

Nikomedes

1/11/22 5:33pm

I see 150k as a pinnacle

DCCougFan

1/11/22 5:33pm

BLUF: there isn’t one

CougieMcCougFace

1/11/22 5:38pm

5 kids over 9, w/ sports, activities, missions, college, etc. is more expensive

Doogal McCougar

1/11/22 5:46pm

For a single guy living in Utah, my salary of 150K plus lets me do anything I

Utefaninenemyland

1/11/22 5:51pm

Mormon Gen Xers and millennials have far fewer kids. Average is less than 3 and

Nat Gas Man

1/11/22 5:48pm

$150k is plenty for basically any family, outside of the HCOL cities, if its not

BYUFootballisBack

1/12/22 5:10pm

Yes I'd say that is Great money. That's top 10% in the country.

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