2006-07-17 01:35:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
If you have no major bills/debts, your biggest cost will be your rent. Parts of Maryland and Virginia in the DC metro area are rather expensive.
This is just a sample budget, but it is very realistic for the area:
A one bedroom (w/o utilities) can easily range anywhere between $800 - $1100. After budgeting another $200 or so for utilities, you've already surpassed $1000/mo. Budget another $200 for food, $100 for entertainment, $250 for your car note and $300 for car insurance/gas. All this added up costs about $1850/mo.
Presuming that you live alone, a $40K salary will net you about $1550 (after taxes). You can see that by the time you pay your rent and bills, your negative $300/mo.
To live comfortably, shoot for a salary of about $75K. This breaks down to about $2310 per month net after taxes. After paying your rent and bills, you'll still be left with about $460/mo.
2006-07-17 02:55:08 · answer #1 · answered by mogwai_b4_midnite 4 · 0⤊ 0⤋
If you're talking the DC area, then a "good" annual income would probably be $80K/year or more. (To support a family)
That's by no means great, but you'll do alright.
Farther S or W, $60K is certainly good.
2006-07-17 01:38:49 · answer #2 · answered by Iridium190 5 · 0⤊ 0⤋
Shoot, you need like 40k to barely live with the cost of living here these days.
It all depends on if you live in a single income home, with a roommate, with your parents... etc...
2006-07-17 01:38:46 · answer #3 · answered by Joey 5 · 0⤊ 0⤋
$150,000 to $200,000/year should be ok.... 'nuff said?
2006-07-17 01:38:58 · answer #4 · answered by Mr. Peachy® 7 · 0⤊ 0⤋