Using my own town, which I'll decline to identify beyond saying that it is in the NYC Metro area (just plug in some various towns you know and get your own numbers to test it, as my declining to name my town puts the results somewhat at question), and yours (Ankeny, IA, according to your profile) as a comparison, I used
the salary calculator at Realtor.com (which is also used at other sites, such as salary.com, homestore.com, monster.com, etc.) to see how much they believe I would have to make, if I were to move from Ankeny to my current town, if I wanted to live at the same level and purchase and/or rent comparable property. Noting that this gives me, at best, only a general idea of the relative costs of living in each location and depends upon the accuracy of the tools being used, I decided to take a look.
According to their calculator, if I were planning to own, I would have to make $125,024 in my current town to live at the same level as I did making the $70,000 in Ankeny, IA. If I planned to rent, the number came down a little, requiring that I make $119,497 in the NYC Metro Area town I now live in to live comparably to how I would have in Ankeny, IA. Then, going the other way around, to see how much someone making $70,000 in my current town would have to make to live at a comparable level of comfort if he were to move
to Ankeny, I got the numbers of $39,192 as a buyer or $41,005 as a renter.
Now the numbers this tool may or may not be accurate... I don't know. I've never been to Ankeny and haven't the slightest idea as to how much the numbers this tool generates reflect real life. The site that hosts it (and seems to license it to others) calls itself the National Association of Realtors, and their about us page can be found at:
http://www.realtor.org/rodesign.nsf/pages/aboutus
But I was curious to see just how far $70k could get someone where you are in Iowa, and this seemed like as good a tool as any to find out. Here in my area, by the way, $70k/year, for a family of 3, would be middle-middle class, while $120k/year, for a family of 3, would get you up into upper-middle class territory. So if you're making $70k/year in Ankeny, IA, most would say that you're doing quite well... and more power to you, as there's no reason you should not be able to make a good living, regardless of where you live.
Besides... different people have different needs, expenses, and views of how much they think they
should be making to be considered lower-middle, or upper-middle class, among others. Bill O'Reilly, after all, though that growing up in Westbury, Long Island, NY (of which there is no Levittown section, by the way) meant his family as among the working poor.
cumhail
Originally posted by: CADkindaGUY
Sorry buddy, but I LIVE in Iowa and my household income is between $60-70K. Let me tell you, after rent/mortgage, daycare, etc. it still doesn't get you a whole lot. Ofcourse I live and work near DesMoines so the cost of living is just a tad higher but so are the wages. In the middle of bumblefsck Minn, wisc, Iowa, or the Dakota's $70K is decent for a household but not even close to being upper class. Kerry was talking about a family - not a DINK household, and I'm not a DINK household. Let me tell you that the ~$2200 does mean alot to people who you seem to think are somehow "rich".
Now don't get me wrong - I'm not saying it's poor by any strech of the imagination, but it solidly middle class.
CkG