Is $53k A Year A Decent Salary In Phoenix, Az?
I’m a 32 year old who works very hard. I have a bachelor’s in business, and I work in sales. My gross is $53k a year, but my take home after taxes, 401k, insurance, etc. is about 2800 a month. I am single and renting. I’m trying to save for a house. After bills are paid and I save $1,000 a month for a house, I don’t have so much left over for entertainment and all, which leads me to the question-what if I DID have a $1000 a month mortgage payment ($1000 a month doesn’t get much house these days, it’s bare minimum if you don’t want to be in the ghetto or 1. 5 hours from work), and a kid? I’d go bankrupt! So that leads me to the question, what is a decent, livable wage these days for a family and be able to afford a decent midsize car, go on vacation, etc. . ? A lot of people at my work in my same position have a second house! I can’t even afford one!
