in DMV Mommies
Salary for DC area
Hi! Is a $200k gross salary (for the whole family) enough for a family of 4 to live in the area? One child goes to preschool the other one stays home with the nanny.
Ideally a 3-4 bedroom home with a yard and a garage. Is that enough money?
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“DC Area” could mean a large variety of things, as there are several different neighborhoods considered part of the metropolitan area in DC proper, Maryland, and Virginia. $200k could work in some places depending on your lifestyle, but will not be enough in other places. I recommend finding specific locations or homes you’re interested in and using a resource like Niche (https://www.niche.com/places-to-live/search/best-places-to-live/m/washington-dc-metro-area/) to view data such as average income and average home price of the neighborhood to see if that matches what you’re looking for and can afford. Also, in this area, nannies can cost anywhere from $24-30 an hour for one child, something else to think about!