I have to take your comment with a grain of salt since you’re not defining what 50% equates to or where you live currently.
My wife and I (+2 children) are currently in Europe and we’re looking to relocate back to the US (were American).
We calculated our combined income would total around 160k before taxes and after doing a bare minimum budget (basic 1000sq ft apt for rent in second ring suburb in Minnesota; one shared used car) we decided it just wasn’t feasible. Between daycare and health premiums (which would total around 2,200/mo) there was no way. Could we afford it? Sure, but we would be two paychecks away from homelessness.
I have to take your comment with a grain of salt since you’re not defining what 50% equates to or where you live currently.
My wife and I (+2 children) are currently in Europe and we’re looking to relocate back to the US (were American).
We calculated our combined income would total around 160k before taxes and after doing a bare minimum budget (basic 1000sq ft apt for rent in second ring suburb in Minnesota; one shared used car) we decided it just wasn’t feasible. Between daycare and health premiums (which would total around 2,200/mo) there was no way. Could we afford it? Sure, but we would be two paychecks away from homelessness.