this post was submitted on 22 Aug 2023
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[–] dumptruckdan@kbin.social 5 points 2 years ago* (last edited 2 years ago) (4 children)

~~Unsurprising. $78k/yr comes out to $2194/mo take home pay per Smartasset's calculator. Average rent is well over $1k/mo with no signs of going down any time soon. Landlords frequently demand potential renters have an income of 3x the rent. Gotta live somewhere.~~

Apparently I'm stupid but I'm too tired to fix it rn so I will just leave my shame up here for all to see. My point is being alive is expensive and bad math or no I'm still not surprised to see this.

Edit again because I'm also too stupid to do a strikethrough correctly even with a formatting bar right there. FML and F this phone too, I'm going to bed

[–] Alenalda@lemmy.world 12 points 2 years ago (3 children)

This math doesn't add up 78k is 6.5/mo?

[–] Earthwormjim91@lemmy.world 14 points 2 years ago

It doesn’t. They just didn’t read the actual link.

That’s $2194 semi monthly. So $4400 a month.

[–] 0110010001100010@kbin.social 5 points 2 years ago* (last edited 2 years ago)

The calculator defaults to semi-monthly and I think the original commenter didn't change it. Also, it defaults to your current location so the take-home will be different for everyone running the calculator (because taxes). $78k is $6500 a month BEFORE TAXES.

[–] tehevilone@lemmy.world 3 points 2 years ago (2 children)

I was gonna say, I made 2k/month take home at 28k.

[–] Zorque@kbin.social 4 points 2 years ago* (last edited 2 years ago)

They may have taken the "semi-monthly take home pay" to be monthly instead, and the calculator counts after taxes.

So it's twice what they think it is, and four times what average rent is. You can change it to monthly, and it's more like $4,500 depending on where you live.

[–] Earthwormjim91@lemmy.world 6 points 2 years ago

You do realize that says semi-monthly, right? Which is twice a month.

So $4400 a month which is right on par with $6500 a month before taxes ($78k).

[–] sawdustprophet@midwest.social 5 points 2 years ago

$78k/yr comes out to $2194/mo take home pay

Just pointing out, that's semi monthly according to that page. So $4400/month.

[–] OceanSoap@lemmy.ml 4 points 2 years ago* (last edited 2 years ago)

Uhhhh... that math isn't mathing right.