Remarkableriots Posted November 14, 2018 Share Posted November 14, 2018 https://www.msn.com/en-us/money/personalfinance/the-cost-of-living-is-rising-and-many-americans-can-t-afford-it/ar-BBPElEa?ocid=AMZN Quote The cost of living in America has climbed 14 percent over the past three years, according to a GOBankingRates’ analysis of the Bureau of Labor Statistics’ Consumer Price Index. The index measures the change in prices paid for goods and services, including food, shelter, energy, transportation and medical care. We also looked at housing cost data supplied by Zillow. The median home price has soared 21 percent from $215,000 in January 2015 to $260,000 in January 2018. And the median rent has climbed 7.6 percent over the same period from $1,340 to $1,442. The jump in the cost of living means Americans need to earn more to live comfortably. However, GOBankingRates found that the median household income isn’t keeping up with the rising cost of living in America’s largest cities. GOBankingRates used the 50-30-20 budgeting rule to determine the income needed in the 50 largest cities to allocate 50 percent toward necessities, 30 percent toward nonessential costs and 20 percent toward savings. In all cities but one, the income needed to live comfortably is higher than the median household income. Across all 50 cities, that gap has increased 20 percent over the past year Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 14, 2018 Author Share Posted November 14, 2018 Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 14, 2018 Author Share Posted November 14, 2018 Quote Can you afford to get by on the average salary in your state? According to the 50-30-20 budgeting rule, 50 percent of your income should be dedicated to necessities such as rent and groceries, 30 percent should be dedicated toward discretionary spending and “splurges” and 20 percent should be put toward savings. But depending on where you live and how much you make, living by this expert-approved budgeting strategy might not actually be realistic. https://www.gobankingrates.com/making-money/economy/states-where-the-average-salary-isnt-enough-to-get-by/?utm_campaign=724233&utm_source=msn.com&utm_content=6 Over 50% of my pay goes to rent. Quote Link to comment Share on other sites More sharing options...
Mercury33 Posted November 14, 2018 Share Posted November 14, 2018 Huh, I live in Maine and would have thought we were much lower on cost of living. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted November 14, 2018 Share Posted November 14, 2018 Obviously we just need to give millionaires another tax cut. Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted November 15, 2018 Share Posted November 15, 2018 It's ok everyone. Wages have increased 3%. Everything is fine. Quote Link to comment Share on other sites More sharing options...
Jason Posted November 15, 2018 Share Posted November 15, 2018 This will work out once we all get our Chinese tariffs dividend checks. Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted November 15, 2018 Share Posted November 15, 2018 The one great aspect of Indiana is how cheap it is. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 15, 2018 Author Share Posted November 15, 2018 33 minutes ago, cusideabelincoln said: The one great aspect of Indiana is how cheap it is. I keep thinking about moving back to South Bend or Mishawaka, IN to be closer to family. Quote Link to comment Share on other sites More sharing options...
elbobo Posted November 15, 2018 Share Posted November 15, 2018 housing prices are reasonable where I live but taxes are brutal Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 15, 2018 Author Share Posted November 15, 2018 13 minutes ago, elbobo said: housing prices are reasonable where I live but taxes are brutal Where is that? Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted November 15, 2018 Share Posted November 15, 2018 33 minutes ago, Remarkableriots said: Where is that? Upstate NY is like this, you can get a big home for less than 200k but you'll pay 5k+ in taxes a year depending on county/town. 1 Quote Link to comment Share on other sites More sharing options...
elbobo Posted November 15, 2018 Share Posted November 15, 2018 1 hour ago, Remarkableriots said: Where is that? 1 hour ago, PaladinSolo said: Upstate NY is like this, you can get a big home for less than 200k but you'll pay 5k+ in taxes a year depending on county/town. That is where I live. My house is appraised at 225k, I will be paying about $8500 between property and school taxes and I just built in one of the "lower" school tax areas. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted November 15, 2018 Share Posted November 15, 2018 19 minutes ago, elbobo said: That is where I live. My house is appraised at 225k, I will be paying about $8500 between property and school taxes and I just built in one of the "lower" school tax areas. Yeah, the difference between cities and counties can be extreme, we just bought a 2,200 sq ft home for 180k and with STAR its like 4500, while houses in the next county and town over houses the same size and price would be almost 6k, in the same school district. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 15, 2018 Author Share Posted November 15, 2018 1 hour ago, PaladinSolo said: Upstate NY is like this, you can get a big home for less than 200k but you'll pay 5k+ in taxes a year depending on county/town. 19 minutes ago, elbobo said: That is where I live. My house is appraised at 225k, I will be paying about $8500 between property and school taxes and I just built in one of the "lower" school tax areas. Here in Reno a lot of houses are $375,000+ because of people moving from California and renting has become a lot more expensive. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted November 15, 2018 Share Posted November 15, 2018 1 minute ago, Remarkableriots said: Here in Reno a lot of houses are $375,000+ because of people moving from California and renting has become a lot more expensive. People piss and moan about property taxes here all the time but fail to realize its either one or the other, and the only other option is we become like PA where you're lucky if you're road is fucking paved, and you might see a plow truck in a day or 2 after the snow falls, lol. Quote Link to comment Share on other sites More sharing options...
elbobo Posted November 15, 2018 Share Posted November 15, 2018 22 minutes ago, PaladinSolo said: People piss and moan about property taxes here all the time but fail to realize its either one or the other, and the only other option is we become like PA where you're lucky if you're road is fucking paved, and you might see a plow truck in a day or 2 after the snow falls, lol. or we could stop giving billions to amazon, that is an option too Quote Link to comment Share on other sites More sharing options...
Joe Posted November 15, 2018 Share Posted November 15, 2018 I'm in Houston for the weekend for a wedding. Let's see what low COL is all about. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted November 15, 2018 Share Posted November 15, 2018 10 minutes ago, elbobo said: or we could stop giving billions to amazon, that is an option too That won't affect your property taxes unless the state reduces funding to local governments and schools to pay for that, which isn't going to happen, now the people in the area where thats going in are probably fucked. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 15, 2018 Author Share Posted November 15, 2018 43 minutes ago, PaladinSolo said: People piss and moan about property taxes here all the time but fail to realize its either one or the other, and the only other option is we become like PA where you're lucky if you're road is fucking paved, and you might see a plow truck in a day or 2 after the snow falls, lol. In Nevada the state’s average effective property tax rate is just 0.77%. Most of the time the snow melts here the same day or the following day. After a big snow storm they might not get to your area for a couple weeks in Reno/Sparks. Quote Link to comment Share on other sites More sharing options...
Joe Posted November 15, 2018 Share Posted November 15, 2018 1 hour ago, elbobo said: That is where I live. My house is appraised at 225k, I will be paying about $8500 between property and school taxes and I just built in one of the "lower" school tax areas. That is still better than NJ, where both are high. 1 Quote Link to comment Share on other sites More sharing options...
elbobo Posted November 15, 2018 Share Posted November 15, 2018 33 minutes ago, Jose said: That is still better than NJ, where both are high. I used to work in property taxes for a bank and I recall that NJ was the absolute worst nationwide, that was over 10 years ago though so I'm not sure if it is still the case. Quote Link to comment Share on other sites More sharing options...
Jason Posted November 15, 2018 Share Posted November 15, 2018 36 minutes ago, Jose said: That is still better than NJ, where both are high. Especially since you have to live in New Jersey. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted November 15, 2018 Share Posted November 15, 2018 1 hour ago, Remarkableriots said: In Nevada the state’s average effective property tax rate is just 0.77%. Most of the time the snow melts here the same day or the following day. After a big snow storm they might not get to your area for a couple weeks in Reno/Sparks. Yeah, thats like 1/3 of our tax rate here, and i'd imagine we have a different idea of what a "Big" snow storm is, lol. Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted November 15, 2018 Share Posted November 15, 2018 the economy is very good Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 15, 2018 Author Share Posted November 15, 2018 2 minutes ago, PaladinSolo said: Yeah, thats like 1/3 of our tax rate here, and i'd imagine we have a different idea of what a "Big" snow storm is, lol. Up at Tahoe I've seen it get crazy but down here in Reno a few inches and everybody is thinking it's doomsday. On rare occasions we can get a couple feet of snow. I remember blizzards back in South Bend, IN and below zero weather that felt like torture waiting for the school bus. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted November 15, 2018 Share Posted November 15, 2018 2 minutes ago, Remarkableriots said: Up at Tahoe I've seen it get crazy but down here in Reno a few inches and everybody is thinking it's doomsday. On rare occasions we can get a couple feet of snow. I remember blizzards back in South Bend, IN and below zero weather that felt like torture waiting for the school bus. Yeah, we get a few inches of snow just cause the wind changed for a few hours off the lakes, those poor bastards closer to the lakes will get a few feet sometimes just from lake effect. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted November 15, 2018 Author Share Posted November 15, 2018 5 minutes ago, PaladinSolo said: Yeah, we get a few inches of snow just cause the wind changed for a few hours off the lakes, those poor bastards closer to the lakes will get a few feet sometimes just from lake effect. Yeah that lake effect snow would hit South Bend a lot. Quote Link to comment Share on other sites More sharing options...
Joe Posted November 15, 2018 Share Posted November 15, 2018 34 minutes ago, Jason said: Especially since you have to live in New Jersey. Arent you from Jersey? Quote Link to comment Share on other sites More sharing options...
Firewithin Posted November 15, 2018 Share Posted November 15, 2018 I'm applying for all CEO jobs. That's where the wage increases are Quote Link to comment Share on other sites More sharing options...
Jason Posted November 15, 2018 Share Posted November 15, 2018 4 minutes ago, Jose said: Arent you from Jersey? I am, and then I got the hell out. 1 Quote Link to comment Share on other sites More sharing options...
Joe Posted November 15, 2018 Share Posted November 15, 2018 2 minutes ago, Jason said: I am, and then I got the hell out. Probably from Central Jerz. 1 Quote Link to comment Share on other sites More sharing options...
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