okay I went to those cost of living calculators and it said like 130000is comparable to 50000 in cali....and that your monthly payments would be higher...I understand that but if ur salary is 130000 in california why would it be like 50000 in another state in the u.s? and ppl say 130000 is not enough to buy a house?!? how is that possible? okay ur mortgage would be like what 3000/month which equales to about 36K/year....after taxes the 130K would turn to about 105,000 I want to say...but cmon 36K-100K= alot of money left ! and I know there's bills, food but u'd still! have alot of money left! the way I see it the cost of living in cali is more but i think 130000k/year is well enough to be able to pay your mortgage even if it's in cali...u can buy a house around 700000 -8 with that! ....I think u just wouldnt have alot of money left for retirement thats all!
It is only a rough estimation, but people who live in higher cost of living/earning areas do better in the long run. |
