Musings

15 January 2019 - 22:11, by , in Uncategorized, No comments

It’s interesting living here in San Diego.  It’s not a secret that is has desirable weather and a strong, diversified economy.  The dilemma is that it is essentially land locked and many people want to come and enjoy the sunshine.  Well except on days when it rains like today (OMG no one knows how to drive in the rain!!).  These two factors tend to drive the cost of living up.

The median income in the United States is a little under $31k, as reported here:

https://howmuch.net/articles/how-much-americans-make-in-wages

The other interesting observation is that if you make more than $250k you are in the top 1.4% of income earners in the country.  That almost provides a middle class lifestyle in San Diego…

This data is well represented in another tool off this website, it’s a true cost of living calculator.

https://howmuch.net/cost-of-living/ca/san-diego

A family income of about $230k provides an Upper Middle income lifestyle in San Diego.

We definitely pay a sunshine tax here in San Diego. 

I somehow don’t think this is going to take the shine off of San Diego as a desirable location.  It will however make it difficult for young people to grow roots here (without parental support) or for lower income service providers.

This will most likely lead to continued conversations about affordable housing, living wages and better opportunities. (aka more noise).

About author:
Damien is the founder and owner of Lanyon Advisory Services and has a extensive knowledge and experience in financial planning and wealth management.

Leave a Reply