Submitted by SwagKing1011 t3_127wkim in RhodeIsland
Desperate_Expert_952 t1_jegoxs4 wrote
Reply to comment by Desperate_Expert_952 in Is it possible to live in Rhode Island on 50K-55K? by SwagKing1011
Down vote away poors. 50k if you are paying rent or a mortgage and have a car is barely getting by. It’s under $1000 a week pre-tax. So doing an average by month would be $4166 per-tax. Minus let’s say 18% or $750 for taxes effectively at the end of the year (obviously varies person to person based on deductions etc. leaves you with approximately $3416. $1500 for rent assuming you Got a good deal. $1916. Hopefully you didn’t overspend on a car but a below average payment would be $400 brings you to $1516. This is before any goodies like cellphone, streaming services, insurance, gas, food, Cable/internet, gym. Hopefully you are also saving at minimum 10% of your net but who knows.
Locksmith-Pitiful t1_jegyirp wrote
I'm certain most people in this subreddit are well off. If he posted to the Providence subreddit asking about this state, the comments would have been opposite.
Upvoted you as you're correct. 50k is barely scraping by.
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