Originally Posted by wildmonkeys
So though the differences in incomes may sound huge on the Internet - I think that a bunch of use have about the same amount of spending money left after mortgage and taxes and whatnot.
I agree -- my mortgage, real estate taxes, and homeowner's insurance come to $1700 a month -- and that's for a house we bought for at least $120,000 less than ANY house in this county would cost today.
That's one of the reasons why I think it's worth comparing our incomes to the median incomes for the counties we live in, rather than on a dollar-for-dollar basis. The cost of living is just too different from place to place. Here's an interesting link where you can look up median income figures for wherever you live in the US:http://tinyurl.com/h3qro
Edited to add:
Looks like the URL may have stopped working. Phooey. To navigate there, visit http://factfinder.census.gov/
, then point to "People" on the left side, and click on "Income" in the menu that pops up. Click on the "2004" tab, then click on "Income by Household". Finally, click on "Geography" under the word "Change" on the left side. Whew!
Based on that information, our family income is actually almost 25% less than the median for married-couple families in our county. (Edited to add: following what busybusymomma said below, the median married-couple household family income in our county is 172% of the nationwide median. I knew this place was expensive!)