100k salary elitist club.

[PricklyPete]

So my company just laid off a Sr. Manager and an AVP in my area yesterday. The company is doing just fine, but they had a "realignment". Just grounds you a bit and makes you thankful for what you have.

I have been in the "elitest snob" territory for the last decade, but I have put a lot of effort over the years to not live like our salary is in that range. It has allowed my wife to stay home with our 3 kids while they are little (which she wants) and will allow her as much flexibility as she wants when she is ready to start working again (maybe just part time volunteering so she can still focus on our kids). It has also allowed us that to make smart/lucky investments that have allowed us to by nice homes in Denver and the mountains with high equity (or in the case of the mountain house, completely paid off).

Middle Manager - 38 yo

 

[ponyo]

So my company just laid off a Sr. Manager and an AVP in my area yesterday. The company is doing just fine, but they had a "realignment". Just grounds you a bit and makes you thankful for what you have.

I have been in the "elitest snob" territory for the last decade, but I have put a lot of effort over the years to not live like our salary is in that range. It has allowed my wife to stay home with our 3 kids while they are little (which she wants) and will allow her as much flexibility as she wants when she is ready to start working again (maybe just part time volunteering so she can still focus on our kids). It has also allowed us that to make smart/lucky investments that have allowed us to by nice homes in Denver and the mountains with high equity (or in the case of the mountain house, completely paid off).

Middle Manager - 38 yo

There are lot of factors like hard work but I think luck plays the biggest role in people's financial success. For me as a small business owner there's such thin line between success and failure and things can change overnight. So I try to not take anything for granted. When times are good, it can be very good. But we've been lucky so far but you never know when your luck runs out or you go through period of rough patch.

 

[vi edit]

I live in Illinois but not the upper part of the state. I'm in the Peoria area and my property taxes are around $2800 and the appraisal on our tax form says the house is worth around $130,000.
We had our house appraised by an independent appraiser a few years ago and they came back with a value of around $117,000.

I don't know if that is insane or not but it does seem high too me.

I was 20 minutes from Peoria, IL and my $400k house on a well and septic was almost $10,000 a year. My aunt and uncle were just north of Peoria (Dunalp area) and their similarly priced home was almost $16,000 a year. I'm now in Kentucky and pay about 60% of what I was paying in IL and they are in TN paying 1/10th.

 

[monkeydelmagico]

My property taxes in jersey are around $7k per year. I'm in a bargain spot. Friends in higher class neighborhoods pay 10-15k per year. I will live in jersey during family years until retirement then I'm outta here.

 

[HumblePie]

My property taxes in jersey are around $7k per year. I'm in a bargain spot. Friends in higher class neighborhoods pay 10-15k per year. I will live in jersey during family years until retirement then I'm outta here.

That's basically me as well. I don't live directly in the big city I am near, so my property taxes here in Texas are lower than if I lived in that city. Still it is about 7K a year on a 280K home. Would be over 10K otherwise.

Makes me wish I was just outside the small city I do live in. I'm at the edge and my back fence literally is the edge of the city line. The other side is county only and their taxes are less than half of what I pay even. County + State taxes are like1% around here. My city taxes bring it up to about 2.4%. Main city are like 3.4-4.2% depending upon where in the city big city you live.

If I move again it's going to be a small ranchette outside of any city. Do what I want, and pay a pittance in property taxes for it.

 

[Ns1]

There are lot of factors like hard work but I think luck plays the biggest role in people's financial success.

Pretty much. Good luck with that whole financial success gameplan when a major illness or some other disastrous event comes along.

 

[Dulanic]

No offense, but I can't fathom why people choose to live in IL. Crazy taxes, messed up government, and terrible weather.

I pay just short of 4K on a 700k house in downtown area of Denver.

Simple.... I was raised here and family lives here. I have a 4 year old and being near family is pretty important, even if they are pain in the asses a lot of the time. The schools in this area are top notch too as is the overall community, at least near me. Other parts of IL... no idea why people do it.

 

[Avalon]

Lead Programmer, work on statistical data sets and interfaces between our company and vendors. Work in FL, I'm 32. Make about $75k excluding benefits such as 401k match, employee stock purchase discounts, free health care. Working on getting promoted and into the $90-$100k range. I find it hard to believe the majority of this forum make $100k+, unless ya'll live in CA/NY.

 

[NoTine42]

I was 20 minutes from Peoria, IL and my $400k house on a well and septic was almost $10,000 a year. My aunt and uncle were just north of Peoria (Dunalp area) and their similarly priced home was almost $16,000 a year. I'm now in Kentucky and pay about 60% of what I was paying in IL and they are in TN paying 1/10th.

Property taxes + 3.75% in income taxes so that's $10,000 property + $3750 (for each 100k income)

 

[[DHT]Osiris]

Lead Programmer, work on statistical data sets and interfaces between our company and vendors. Work in FL, I'm 32. Make about $75k excluding benefits such as 401k match, employee stock purchase discounts, free health care. Working on getting promoted and into the $90-$100k range. I find it hard to believe the majority of this forum make $100k+, unless ya'll live in CA/NY.

You'd be surprised what jobs can appear for people if they're willing to take them. I passed over dozens in my career that would have easily netted $150k+ as a mid-level sysad if I felt like spending years in the middle east.

 

[vi edit]

Property taxes + 3.75% in income taxes so that's $10,000 property + $3750 (for each 100k income)

It was up to 5% income tax when we were there. I'm actually surprised they backed it off. Plus sales tax was anywhere from 6.25% to over 10% depending on what you were buying.

 

[Avalon]

You'd be surprised what jobs can appear for people if they're willing to take them. I passed over dozens in my career that would have easily netted $150k+ as a mid-level sysad if I felt like spending years in the middle east.

That's a fair point. My current place is 5 minutes from my house, and I'm allowed to work virtual as needed, which makes things pretty easy for me, and the latter probably something they factor into the pay.

 

[purbeast0]

You'd be surprised what jobs can appear for people if they're willing to take them. I passed over dozens in my career that would have easily netted $150k+ as a mid-level sysad if I felt like spending years in the middle east.

Or you'd be surprised what kinda jobs are out there if you're good at what you do.

I just turned down a job making $10k more + 2% more 401k than I currently make because I'm comfortable at my current position and my company owns. I never work more than 40 hours a week, can't work outside of the office, have 8% 401k contributed without me putting anything in myself (although I do), 27 days of PTO a year, 100% company covered health insurance by my company for my family, work the schedule i want to (about to head out now), and other perks. I countered with $25k more than I make and am waiting to see what they say. I'm not dying to leave my job by any means, this kind of just fell into my lap.

The problem is there are so many dime-a-dozen average/below average developers out there that companies want to pay average market value for all types of talent. Once you start working with all bright people you realize how many average people you used to work with, and it also makes work a lot more fun, as well as a much better product.

So yeah, not all high paying jobs have crazy requirements like you are insinuating.

 

[dave_the_nerd]

I just paid the credit card bill for my summer vacation, so I'm... sad now.

 

[[DHT]Osiris]

Or you'd be surprised what kinda jobs are out there if you're good at what you do.

I just turned down a job making $10k more + 2% more 401k than I currently make because I'm comfortable at my current position and my company owns. I never work more than 40 hours a week, can't work outside of the office, have 8% 401k contributed without me putting anything in myself (although I do), 27 days of PTO a year, 100% company covered health insurance by my company for my family, work the schedule i want to (about to head out now), and other perks. I countered with $25k more than I make and am waiting to see what they say. I'm not dying to leave my job by any means, this kind of just fell into my lap.

The problem is there are so many dime-a-dozen average/below average developers out there that companies want to pay average market value for all types of talent. Once you start working with all bright people you realize how many average people you used to work with, and it also makes work a lot more fun, as well as a much better product.

So yeah, not all high paying jobs have crazy requirements like you are insinuating.

Ease back ripley, I never said they did. I'm in a similar situation as you right now with a well paying job with plenty of bling. Also turned down a higher paying job than this one back when I was searching, as this was in a better location with better benefits. I'm just stating that sometimes jobs do indeed just come along, as you stated yourself. I do however wish companies were more willing to pay for that real talent, I had a hell of a time when job searching with most not having appropriate skill:value ratios.

 

[HumblePie]

Lead Programmer, work on statistical data sets and interfaces between our company and vendors. Work in FL, I'm 32. Make about $75k excluding benefits such as 401k match, employee stock purchase discounts, free health care. Working on getting promoted and into the $90-$100k range. I find it hard to believe the majority of this forum make $100k+, unless ya'll live in CA/NY.

You are still fairly early on in the IT field at 32. I didn't pop over $100 until I was 35. I was at about $75 like you are now at 32. I am hoping that in 4-5 more years I'll be over $200 easy. That's my goal at least. Easy as in not working two jobs to do it. Also I'm in South TX, so no crazy place to live when it comes to cost of living.

 

[Dacalo]

Management position in accounting in the silicon valley but making $100k here doesn't mean jack squat. I mean senior accountants here make over $100k.

 

[DigDog]

im actually on 22k Gbp a year which is pretty sweet for the UK. around $27k

 

[Cappuccino]

https://www.google.co.uk/webhp?sour...#q=most+exnepsanive+city+in+america+to+lvie&*

anyway who are the 9 peanut farmers? i wanna give you a big hug

 

[Cappuccino]

im actually on 22k Gbp a year which is pretty sweet for the UK. around $27k

age? degree? what field? r u a peanut farmer like me?

 

[Crono]

I'm just a poor boy, I need no sympathy

 

[DigDog]

44, i sell stuffs over the phones.

 

[Mai72]

Where is the millionaire club?

 

[rh71]

When y'all say "property taxes are insane", what does that translate to in dollars?

Our general taxes are about $6k while our school taxes are $10k/yr (so $16k/year) which is somewhat dependent on assessment value (ours calculated around $445k only but would sell on the market for $650k easily - some funky calculation they use on the assessment value). The taxes goes towards pensions, salaries, and benefits (like free platinum-level healthcare). The unions here are strong and all their salaries are public information. I looked up my kids' Kindergarten teachers and they were $126k & $124k respectively. It's stupid ridiculous and we can't do a thing about it because - contracts that were agreed to between the school board and the teachers' union. These people get automatic raises based on time served, with very little accountability.

The $6k general taxes alone would make up most people's entire property taxes, even in California (proposition 13 is pretty great from here). Here's a quick look at where general taxes go: http://data.newsday.com/long-island/data/nassau/payroll-2015/ Yup - regular police officers making $400k/yr. Our "town supervisor" and county executive recently both got arrested on corruption charges, unrelated to each other.

And to show how messed up it all is, my neighbor has a small 3bed ranch that assesses at $330k (sell maybe $500k) and he has to pay $10k/year in property taxes. For a dinky little ranch. Westchester county up north pays even more (something north of $20k/yr) for the same reasons. Thanks selfish union members!

I live in Illinois but not the upper part of the state. I'm in the Peoria area and my property taxes are around $2800 and the appraisal on our tax form says the house is worth around $130,000.
We had our house appraised by an independent appraiser a few years ago and they came back with a value of around $117,000.

I don't know if that is insane or not but it does seem high too me.

I'm curious if you know how much your teachers, police, firefighters make there or anywhere there are high property taxes.

 

[Belegost]

Staff Engineer in Boulder, CO, 150k last year after bonuses. PhD in EE, working in my field. Like others have mentioned it's a decent middle class living, but after taxes, a bit set aside for retirement, and so forth, it's far from wealthy.

But damn the property taxes some of you pay... My 400kish house was assessed for 2300 this year, and that was a big jump from 1800 last year.