In San Francisco, a salary of $ 300 thousand a year is barely enough to make ends meet: why is this city so expensive - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

In San Francisco, a salary of $ 300 thousand a year is barely enough to make ends meet: why is this city so expensive

How making $ 300 in San Francisco could mean you live paycheck to paycheck, reports SFGate.

Photo: Shutterstock

With a US market price of $ 300 for a home, you can get home ownership and an idealized middle-class lifestyle in most parts of the country by earning a salary just below or above six figures.

San Francisco is home to $2 million homeownership.

The income required to achieve this status is obviously higher. But how much more?

South American financial expert Sam Dogen put the figure at $ 300 after polling dozens of readers on his Financial Samurai blog and asking about their income and spending in infamous, expensive coastal cities.

According to them, Sam Dogen broke the budget of a couple with one or two children in San Francisco, Seattle or New York.

He found that $300 is the income needed to save something for retirement, save for your child's education, own a three-bedroom home, take three weeks of vacation a year, and retire at a reasonable age.

On the subject: In which states are personal data stolen most often and how to protect yourself

"It's not an extravagant lifestyle," says Sam Dogen.

“It's a middle-class lifestyle if you think a middle-class person should be able to afford a modest home, have at least one car, have a child or two. There are no private jets in this budget, ”he says.

Sam Dogen put together a post that has analysis and explanations of the costs, but here are a few points to watch out for:

  • Childcare costs of $ 29 per year include a babysitting fee of about $ 400 an hour, a standard fee in a city like San Francisco.

Preschool easily costs between $ 18 and $ 000 a year.

  • The mortgage is based on a $ 1,5 million home of 165 square meters with three bedrooms and two bathrooms on a plot of 230 square meters.
  • Car costs are based on one car that can accommodate a family.
  • Entertainment spending includes everything from Netflix to casual ball games and evening dates, which easily cost $ 200 in San Francisco when you factor in dinner and babysitting costs.

Dogen adds that at $ 300, the family is still living from one paycheck to the next and is not saving money that goes beyond their 000K and 401 plans.

“We're in this endless grind in San Francisco, and it's a city for people who want to hustle,” he says. — $300 used to be a lot of money. Now, with that amount of money, you'll probably always be working long hours and constantly struggling to keep up."

His recommendation is to make moving out of the region a goal.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York.

“Places like San Francisco are experiencing a shortage of moving trucks because so many people are moving away from that expensive city and other expensive coastal cities,” he writes. “If you live in an expensive metropolitan area, consider moving to lower your cost of living, or at least try to take advantage of the valuation difference by investing in Middle America.”

“Thanks to technology, there is no need to work so hard in cities where the average home price is in excess of $ 1 million,” said Sam Dogen.

Read also on ForumDaily:

Residents of some states can receive a $ 2000 reward if they return to work

Why do we stick on social networks, and why is it dangerous

Miscellanea In the U.S. San Francisco family budget expensive cities in the USA
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis. 



 
1071 requests in 1,011 seconds.