Re: So...am I poor?
Posted by:
Of Course Not
()
Date: February 09, 2015 06:40PM
No, you are not 'poor'. Not even close. You make what is probably the average white collar salary around here. Nonetheless, you feel poor because this is a high cost of living area and you can't afford to buy property.
I'm guessing you're single. If you had a spouse making an equivalent salary you should be able to buy at least a modest single family house in Fairfax. On your salary alone, you should still be able to buy a decent condo. Whether that is a good investment is another story. If you want something better, you need to move outside the county with all that entails. If you've been working for a while, hopefully you have accumulated a fair amount of savings to use for a downpayment.
There are lots of trade offs in Northern Virginia. You probably won't lack for job offers here (at least until an Hb1 visa takes your place or you get older), but it's hard to make it on what the rest of the country considers a very health salary.