Re:What I've learned from 100s of interviews with candidates...
by BoiledCabbage on Thursday May 25, 2017 @03:51AM
(#14415938)
> I would expect a two-earner household, both earning 100k, to have 10-30k/year more in expenses
Ok, so 105k-115k / yr. I think we're reaching the point (in economic terms) where the marginal cost of corrections or adjustment exceeds the marginal value they provide.
The summary though is that 105-115k is not near the 200k originally mentioned and absurdly far from the 300k.
Unfortunately, not quite. If both parents make 100k, your tax burden is higher than if one of them makes 200k and one 0 (because of the social security cap). More importantly, your child care expenses are much higher. So are your food expenses, typically; this part is correctly reflected in the data table you linked to.
In practice, I would expect a two-earner household, both earning 100k, to have 10-30k/year more in expenses than a one-earner household; the range mostly depends on how much child care costs.
100k for a single person is certainly pretty comfortable, even in San Francisco. Much more comfortable than 200k for a family of 4, I suspect, because housing is so much simpler.