44k is median family income, average family income is 70 k.
USD 10,000 taxes, including Social Security, Sales, and Income tax.
USD 20,000 for mortgage, insurance, etc. -that's well above normal 35% loan limits, and would pay for a 230k mortgage.
15,000 - 18,000 is more realistic.
USD 5,200 for car expenses, one car is paid for or both are cheap.
USD 4,800 for basic food
USD 2,000 for clothing
USD 1,500 for entertainment / vacations etc.
USD 500 for savings...maybe....
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Total 44,000
For many places, the good jobs are not in the city centers, but in certain suburbs....
Do you want to buy Oakland ? |
