Interesting study recently published on what is needed for "comfortable" life

Oct 6, 2022
11:23:22am

runnincoug Truly Addicted User

Between 50K for most areas. Published in 2022. Sure, if you have kids, it would be higher, but 100K should be fine.

Do you earn enough to ‘live comfortably’ in Utah?

Using a common budgeting technique, a recent analysis found how much you'd need to make to afford living in the U.S.'s largest cities.

https://www.abc4.com/news/do-you-earn-enough-to-live-comfortably-in-utah/

This message has been modified

Originally posted on Oct 6, 2022 at 11:23:22am

Message modified by runnincoug on Oct 6, 2022 at 11:24:49am

Report problem with this ad

runnincoug

Bio page: runnincoug
Joined: May 26, 2011
Last login: Apr 27, 2024
Total posts: 33,318 (2,518 FO)

Report problem with this ad

Messages

Author

Time

POLL: Could you live comfortably on $100,000 per year (pre tax)

Acorn

10/6/22 9:19am

<< Deleted >>

Buffalo

10/6/22 9:20am

You wouldn't have to save. You have $100K a year (plus inflation in theory).

Acorn

10/6/22 10:26am

Kids out of house? If so Absolutely.

cougarfann888

10/6/22 9:21am

Yep, this is the big variable here.

VenturaCoug

10/6/22 9:22am

Kids and mortgage

Carnac

10/6/22 9:25am

Easily if retired in The Villages, FL. Assuming F&C home many here do it for less. We talk about it & our grand kids..

grandpacoug

10/6/22 12:15pm

That's my plan for retirement so I better be able to pull it off

LaserCoug

10/6/22 9:24am

Done it for many years. I've been blessed recently and upped some expenses, so I'd have to curtail some unnecessary

Bert609

10/6/22 9:24am

Also depends do I need to save for retirement.

cougarfann888

10/6/22 9:24am

Location cost of living is a huge factor

KingDave

10/6/22 9:25am

100K is still way above what the average person makes. Obviously it depends

Polemic

10/6/22 9:28am

If I was single, yes.

Don Carlton

10/6/22 9:28am

It depends on where you live.

HiLife

10/6/22 9:30am

Yes, but would be difficult if I didn't already own a home

wannnacruise

10/6/22 9:32am

Why is this linked to my post?

Mzansi

10/6/22 9:32am

We've lived on that for most of our marriage ... w/kids, mortgage, and savings

runnincoug

10/6/22 9:33am

While I believe 100K is absolutely enough, 100k today is not 100k of yesteryear.

HingleMcCringleberry

10/6/22 9:34am

True, inflation has watered it down, but still can live comfortably.

runnincoug

10/6/22 9:50am

Agreed.

HingleMcCringleberry

10/6/22 9:58am

How long have you owned your house?

VenturaCoug

10/6/22 10:24am

9 years. Yes housing is more difficult now. But then again ... we bought

runnincoug

10/6/22 10:44am

So you locked in a fixed rate on your biggest expense back when $100k was

VenturaCoug

10/6/22 4:10pm

I bought my first home as a college student with 6% interest rate

runnincoug

10/6/22 4:45pm

My butler makes more than that a year. So now way for me.

mudpupper

10/6/22 9:34am

Not even close

JollyGreenGiant

10/6/22 9:36am

Lol, bluecaiman’s mad at how I live my life

JollyGreenGiant

10/6/22 4:13pm

Hey Bluecaiman, why dont you ever post?

JohnnyComeLately

10/6/22 4:21pm

That’s more than I make now. So yes.

JohnnyC

10/6/22 9:38am

Another huge factor is whether this is earned from one person or both husband and wife

KingDave

10/6/22 9:40am

How will I pay my $170k in car loans?

Cougarclaw

10/6/22 9:43am

Easy. I have no kids.

rad dawg

10/6/22 9:44am

I could live "comfortably" but my wife could not

bluelands

10/6/22 9:46am

No. Child care expenses are currently way too high. And we live in a townhome.

DC15

10/6/22 9:46am

It depends on where you live and what you consider comfortable. But I still say

Cougar TD

10/6/22 9:46am

2 year inflation is approaching 15%. So keep in mind that $100k today was same

AggieWeekendCougar

10/6/22 9:49am

For those who chose options 2 and 3, where do you live and how many kids do you

vagabonder

10/6/22 9:50am

As others have alluded to, I think the definition of comfortable varies greatly

rad dawg

10/6/22 9:55am

I do but I won't ever be able to retire or help my kids pay for school

fattycoug

10/6/22 9:54am

<< Deleted >>

SuperTank

10/6/22 9:56am

Not with 4 kids.

EternalOptimism

10/6/22 10:00am

Easily but it depends on what comfortable means to you

TomballCougar

10/6/22 10:17am

Anyone who says no is kidding or is so out of touch with reality it’s pathetic

Pretorian

10/6/22 10:23am

Would be hard for someone who doesn't already own a home

wannnacruise

10/6/22 10:32am

There there are other essentials, such as insurance, gas, food, utilities,

garyfan

10/6/22 11:12am

Must you own a home to be comfortable? Must you live in Utah? Must you pay

Pretorian

10/6/22 11:23am

Lol living in a townhome in Utah is not a luxury and living in the Midwest isnt

VenturaCoug

10/6/22 1:09pm

I guess it depends on how much luxury you need to be comfortable princes

Pretorian

10/6/22 2:20pm

I mean in reality we could all move to India and live off way less than $100k.

VenturaCoug

10/6/22 3:26pm

You are the one out of touch with reality. Do the math. It doesn’t work.

DC15

10/6/22 11:08am

Are those needs ... or wants?

runnincoug

10/6/22 11:22am

The question was live comfortably. Yes you could live for 100k living on the street. But can you live comfortably on

JohnnyComeLately

10/6/22 11:24am

"living on the street"? Way to jump the shark on that one!

runnincoug

10/6/22 11:27am

So you voted yes, many others voted no. That should not be hard to understand here.

JohnnyComeLately

10/6/22 11:28am

I agree. I was only responding to DC15 who said it was impossible. I was arguing

runnincoug

10/6/22 11:33am

My apologies. Simply was saying in some areas it’s incredibly difficult to live “comfortably” with 100k a year.

JohnnyComeLately

10/6/22 11:44am

To your point

TomballCougar

10/6/22 12:25pm

They are needs. And notice I did not include a car payment.

DC15

10/6/22 12:48pm

Sounds like you've had some rough life situations that have complicated things

runnincoug

10/6/22 1:05pm

For illustration purposes, you can make one income work with some

Doogal McCougar

10/6/22 3:59pm

So much of that sounds very not comfortable.

garyfan

10/6/22 4:07pm

Try doing the math for the Bay Area

donnerstag

10/6/22 11:14am

Correct, you can’t live in maybe the most expensive place in the world 🙄

Pretorian

10/6/22 12:27pm

Hilarious you assume everyone lives in the same area and same circumstances as you do.

JohnnyComeLately

10/6/22 11:17am

Read the post… it never said you had to stay where you are… I live in Boca Raton

Pretorian

10/6/22 12:29pm

The question is live comfortably and is very subjective. That’s why it’s a poll. You have your standards for comfort

JohnnyComeLately

10/6/22 12:40pm

It’s easy to call ridiculous people out when their being ridiculous… if you

Pretorian

10/6/22 2:29pm

They're*

ebv

10/6/22 3:07pm

Sorry you are a poor.

JohnnyComeLately

10/6/22 4:20pm

RE: Read the post… it never said you had to stay where you are… I

ebv

10/6/22 3:06pm

Relative to where I am now? No. Relative to 99.99% of people who ever lived? Yes

Odysseus

10/6/22 10:48am

This ^^^^^

Pretorian

10/6/22 12:30pm

This would be easy as long as I was independently wealthy.

garyfan

10/6/22 11:08am

As a kid growing up in the 80s my goal was to eventually make $100k

Pro Logic

10/6/22 11:23am

Interesting study recently published on what is needed for "comfortable" life

runnincoug

10/6/22 11:23am

Living Wage in SLC for 1 adult working with 3 children is $87,000.

ebv

10/6/22 3:10pm

Average number of kids in Utah fams=3.5. Some will have more/less, but also...

runnincoug

10/6/22 3:13pm

I answered no. Can’t wait for the assumptions about my lifestyle and obligations

Bradleyd16

10/6/22 2:59pm

What I learned from this poll: you are a bad person if you think “comfort” means

VenturaCoug

10/6/22 3:31pm

I think the thing I most learned is CB posters are prone to hyperbole

runnincoug

10/6/22 3:32pm

Outside the US? Absolutely.

Bad Plus Fan

10/6/22 3:36pm

When I lived in AZ yes. Since I moved to WA no way.

Do you earn enough to ‘live comfortably’ in Utah?

Posting on CougarBoard