My grandparents raised a family with 6 kids on single salary. My parents raised a family on a single salary with 3 kids. How come my wife and I both work full time and make over $300k in third tier city and live pay check to pay check?

Is that the norm now?

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Posting as :
works at
You are currently posting as works at

Do you have kids??? We’re at $350k in a mid-Atlantic city (no idea what tier, but it’s neither the highest nor lower COL) with 2 kids, one in full time daycare and the other in a 5-day after care program and are nowhere near paycheck to paycheck. We’ve made specific choices to keep our fixed costs low in case we were to drop to one salary (lower priced neighborhood to keep mortgage down; mid-tier cars that we hold on to) and keep an eye on our budgets (shutting off the subscriptions we don’t use, knowing the number of times we can reasonably eat out a month, putting money aside for regular large expenses like vacations and housing repairs and upkeep).

I couldn’t imagine doing this on one salary or the salaries my parents had, but you’re earning well above the mean HHI… so maybe choices?

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I’m in NC - they’re lower than if we were in the northeast, but higher than if I lived in SC.

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