How much does "making a lot of money" mean?

posted 7 years ago in Career
Post # 47
Member
4046 posts
Honey bee
  • Wedding: November 1999

I’m in Ohio. Over $75k is alot to me!

Post # 48
Member
5107 posts
Bee Keeper

It’s relative to where you live. Here, in rural northern California, 80K and up is a lot. But you can get an apartment for dirt cheap (like 400-500 per month!). Three bedroom, three bathroom, 1500+ sq ft homes are rentable for $1200 per month and purchaseable for less than 175K.

Post # 49
Member
899 posts
Busy bee
  • Wedding: November 2011

A “lot” to me would have to be over $500,000 a year. And realistically, in NYC, 500,000 a year isn’t REALLY a lot since a 2 bedroom apartment can easily be over a million dollars, and then you have to worry about day care, which is exorbitant here (1400 a month at least, more for a nanny), and at the end you are still living in a 2 bedroom, which isn’t exactly living like a rich person.  But it’s all relative. If we were still in Dallas, What we make now would be enough to get us a 5 bedroom McMansion in one of the nicest suburbs. Also, the many taxes here mean that 500,000 is actually only 250,000 a year. So yup, I wouldn’t feel bad about quitting my job for a year or two and being a Stay-At-Home Mom if Darling Husband made 500,000 a year or more. 

Post # 50
Member
598 posts
Busy bee

Definitely depends on where you live. In the “less wealthy” areas on Long island, A lot of money is probably upwards of $150,000. In the city, forget about it. Although to people with less money like me I consider anyone who makes over $65-$70,000 as having a lot of money!

Post # 51
Member
5667 posts
Bee Keeper

The $300k was my initial thought, so probably $300k+. That’s in Vegas though. I couldn’t say that would be a lot in other areas of the country.

Post # 52
Member
10713 posts
Sugar Beekeeper
  • Wedding: June 2012

A lot for us would be $50K. 

My grandparents make $100K a year and they have such an amazing house and can always buy new things without thinking about how much it costs. That’s what we see as a lot for anyone else in our area.

Post # 53
Member
3580 posts
Sugar bee
  • Wedding: August 2012

Anything more than me + a few more. Ugh.

Post # 54
Member
1133 posts
Bumble bee
  • Wedding: May 2015

$50,000 or more is a lot for me, considering I make JUST barely 5 digits right now working part time.  But then again, here you can buy a decent house for $75,000, so you can probably see why 50K is a lot for me!  Once I move to Toronto in a few years however…probably more like $150,000!

Post # 55
Member
1278 posts
Bumble bee
  • Wedding: March 2013

Wow I would have said $100k combined incomes in Vegas would be average…. $150k plus a lot. Now Im thibking I am lowballing….

Post # 56
Member
1462 posts
Bumble bee
  • Wedding: November 1999

It depends on your perception. Others could think having a wonderful marriage, healthy, and a great family would be considered wealthy to them. It is what you think you would need to give you the lifestyle you want and deserve.

 

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