In a VHCOL area, $100k with one child is extremely tough/you’re likely dipping into savings. Our daycare alone is over $40k/yr per kid, and only $5k ($7500 next year) is fully tax exempt.
Median 2 bedroom in my area is over $50k/yr.
$100k doesn’t cut it. “Just move to a cheaper area” is IMHO not a proper response to this—anyone who works in my city should be able to afford to raise a family here, with a high quality of life/standard of living, but that’s not really the case.
In a VHCOL area, $100k with one child is extremely tough/you’re likely dipping into savings. Our daycare alone is over $40k/yr per kid, and only $5k ($7500 next year) is fully tax exempt.
Median 2 bedroom in my area is over $50k/yr.
$100k doesn’t cut it. “Just move to a cheaper area” is IMHO not a proper response to this—anyone who works in my city should be able to afford to raise a family here, with a high quality of life/standard of living, but that’s not really the case.