What do you think is the minimum income?

Question

required for a couple to lead a decent life in a city,for eg New York city..

you can tell me taking into account your own life style and what each of you might consider as a decent lifestyle..

Answer 1

I would say you just need to do some research because every couple's situation and needs are different. You can research the average cost of living for certain areas.

http://www.bankrate.com/brm/movecalc.asp

I suggest trying this bankrate.com calculator. You can choose the city you currently live in and the city you wish to move to and it will show you a comparision of cost per each city.

Answer 2

Well, it's not going to be minimum wage, that's for sure. You have to factor in all expenses (including, and especially, rent). I'm thinking ballpark of $30,000 each? The trouble is - your definition of "decent life" and mine may be vastly different, so the amount I'd need and the amount you need would be different.

I know NY, LA and San Fran. are some of the most expensive places to live in the US.

Answer 3

I would say at least 80,000 a year .And that would be for a very small apartment.Remember N.Y has the highest income tax in the U.S.I think they take 13.5% off the top of your paycheck.

Answer 4

Sweet Heart it differes by person to person. The rich couple has different and average different. I dont know from which catagory u belong.

Answer 5

90 k after taxes around 75k-mortage 2k per month-car payment-groc,gas,elec.,phone,cell phone,cable,kids,christmas,auto expenses,vacation and savings-left over = 0

Answer 6

would depend on your monthly expenses.

Answer 7

i have no idea