That sort of income in San Diego means that if only one parent works and brings that home, the average healthy family of three or four can have:
a 800 - 1200 sq. ft. residence (mortgaged or rented) that is up to code and in good repair,
a full pantry and refrigerator/freezer,
one paid for vehicle and one vehicle that's "being paid for", along with the insurance for both vehicles,
homeowner's insurance,
regular utilities (including cable)paid and a family cell phone plan
health care costs covered,
student loans covered if they're due, and maybe,
just maybe, 2% - 5% of the breadwinners monthly income split between a 401K for retirement and a savings account for set-asides and emergencies (including vehicle repairs and maintenance, big ticket item replacement, annual payments like registration, taxes, or licensing fees).
That's comfortable living in my book. No frills, no Daycare costs, just covering the comfort basics of living and working in a modern city.
There may be money left over for one movie a month or so, or a Netflix account, or a nice dinner for birthdays or other special occasions, but still not enough not for regular eat out - even fast food - or shopping splurges, or high priced toys. No Cruise or Package vacations. No big Holiday splurging with gifts. No Daycare, or Private School/private lessons. The kids are not getting designer clothes or the latest tech gear...nor are they getting a membership to the YMCA, because that's f'n expensive if you don't qualify for the low income subsides.
And if someone in the family has a problem that requires lots of doctor's visits, therapy, or medication, - or if there's a new baby on the way - you have to start thinking about what you're going to cut out of the budget above - like getting rid of one of the cars, making the stay at home spouse get another income, and/or stopping your savings set-asides until the budget stabilizes and you and your family get used to being a little less comfortable.
Haele.
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