Hey-O wrote:This is nuts! I've lived comfortably off 20k a year. Very comfortably. Sometimes, it feels like people have too high living standards.
Not to derail the thread but...depends on where you are really. Americorps members in NY make about 20k, but in Minneapolis they make less than 10k. It varies quite a bit depending on where you are and what program you're in. I am doubtful that anyone lives comfortably in NY on 20k, or 10k in MSP. Even removing luxuries like dining out, meat in your diet, or clothing, transportation costs, rent, and non-optional medical expenses are expensive. Plus, you don't really get to pick where you're going to end up and if you are coming straight out of college, you need to buy furniture, basic household stuff, and you need to move. Being frugal, furnishing your apartment will cost you $400 probably. A deposit on an apartment? At least another $400 in a low cost city, $800+ someplace else. It's not by any means high living.
*Edit* sorry, not 20k, more like 16k for NY