Is $250k really alot of money to earn in a yr? Well I decided to do a bit of research.
My parents live comfortably at 100k a yr in a average size town in middle Georgia. THis level of income which my parents have spent the last 25+ yrs working towards has earned them the ability to easily meet their finanical requirments, and put away for a rainy day.
What they own
2 cars, a 2002 Ford Windstar and a 2008 Ford Escape
A 4 bedroom, 2 bath 2,500 sq foot house with 1.5 acre of land with a pool and 6 car garage (the previous owner was a nut case when it come to his cars and built 2 additional 2 car garages onto the property)
The live comfortably, but are far from rich. Now, on a quick comparison to live in NYC would cost them $200k+ a yr...At 100k a yr they'd be broke.
In many parts of the nation 250,000 IMHO Is not rich...I would argue $400,000 is though, maybe push that number up to $500,000...
O yea 6 figures isn't anywhere near rich esp in a city!