Let's just say you have a $150k salary in LA:
- After taxes, your net pay is $98,826
- After rent ($2k p/month) you're at $74,826
- After Utility (~$110) & Wifi ($54.99) you're at $72,826
- After car & health insurance you're at $60,826
- After car payments, you're at $57,226
- After groceries you're at $51,226
- After savings (10% of salary) you're at $36,336
- After eating out once p/week ($50) you're at $33,936
- After Spotify, Netflix, Apple TV, Twitter Blue, etc subscriptions you're at $31,308
- After a few small trips and vacations you're at $26,308
- After your cell phone bill you're at $25,108
What about shopping, gym, student debt, entertainment....?
With $150k being a high salary in the US, how does anybody afford to live in a major city?