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Old 05-06-2012, 11:25 PM
 
18,836 posts, read 37,364,053 times
Reputation: 26469

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Sure...live in Overtown, or by "pork 'n beans" don't have a car, have room mates. There is some nice low income housing in Miami...you can live in Miami on $30,000....just not very well...
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Old 05-13-2012, 10:05 PM
 
367 posts, read 941,259 times
Reputation: 169
Quote:
Originally Posted by jasper12 View Post
Sure...live in Overtown, or by "pork 'n beans" don't have a car, have room mates. There is some nice low income housing in Miami...you can live in Miami on $30,000....just not very well...
I have a family of 3 and just make 5 K over that and do not live in OT nor Pork N Beans...
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Old 05-14-2012, 10:36 AM
 
Location: Seattle, WA
2,975 posts, read 4,940,440 times
Reputation: 1227
Quote:
Originally Posted by rootzdread View Post
I have a family of 3 and just make 5 K over that and do not live in OT nor Pork N Beans...
Do you live in Miami, or way out in the suburbs????
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Old 05-14-2012, 01:54 PM
 
367 posts, read 941,259 times
Reputation: 169
Quote:
Originally Posted by hurricaneMan1992 View Post
Do you live in Miami, or way out in the suburbs????
I live in unincorporated NW Dade ...about some time frame between the 2 downtowns (Miami and Ft Laud).
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Old 05-15-2012, 10:36 AM
 
60 posts, read 96,055 times
Reputation: 88
Abotechie, you live in Fantasyland! What about utilities, phones, internet, medications, cleaners, etc. plus $500 month in groceries-what are you eating Ramen noodles everyday? There are no monthly savings in this scenario-if you're not careful you might be in the hole every month...
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Old 05-15-2012, 12:38 PM
 
Location: Way up high
22,334 posts, read 29,432,497 times
Reputation: 31482
I will say this again: $65K for a family of three is NOT a lot of money in Miami. Wife will need to work as well
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Old 05-15-2012, 01:20 PM
 
Location: Hallandale Beach
48 posts, read 84,128 times
Reputation: 11
anybody wrote: 65K is a too much for live in Miami (average yearly paid 30-35K) ... .... ....
somebody wrote: 65K is too few for a year... "fantasyland", etc ... etc ...

What is a reality??????

can anyone tell me what is the truth? (write the fact, in detail, amounts)

Monthly cost type for three person:
Rental or House insurance+tax (depends on what you have...)
Health Insurance
Car insurance
Grocery
Gasoline or traffic
Internet+mobile+security
Schooling or kindergarten

+ depending on the man
Mortgage (car, student loan, others)

Can you tell me, how much are they?
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Old 05-15-2012, 05:52 PM
 
60 posts, read 96,055 times
Reputation: 88
Quote:
Originally Posted by vmickey View Post
anybody wrote: 65K is a too much for live in Miami (average yearly paid 30-35K) ... .... ....
somebody wrote: 65K is too few for a year... "fantasyland", etc ... etc ...

What is a reality??????

can anyone tell me what is the truth? (write the fact, in detail, amounts)

Monthly cost type for three person:
Rental or House insurance+tax (depends on what you have...) $1,500
Health Insurance $250
Car insurance 2 cars $200
Grocery $750
Gasoline or traffic to include tolls $250
Internet+mobile+security $200
Schooling or kindergarten public $100/lunch, etc. private $700

+ depending on the man
Mortgage (car, student loan, others) Car $300, loan $150, incidentals $500

Can you tell me, how much are they?
We're up to $4,200/month in expenses and I'm being conservative-your net income on a $65,000 annual salary is about $4,000 to $4,300/month based on a 20-26% tax bracket so at this point you are just barely covering expenses.
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Old 05-15-2012, 07:18 PM
 
18,069 posts, read 18,818,113 times
Reputation: 25191
If you cannot live comfortable off of $65k in Miami, you just have poor financial management.

But given the status of many people's finances, it does not surprise me if they could not.
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Old 05-15-2012, 07:29 PM
 
2,886 posts, read 5,823,786 times
Reputation: 1885
It is impossible to know if someone can live in Miami with an annual salary of $65,000 without knowing any details. How many dependents, any medical expenses, college tuition, school tuition, insurance, number of cars, etc. etc.
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