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Old 09-27-2007, 08:46 PM
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Default Re: minimum income

trumbull... that avg income may be a carrot to attract more commercial tenants; Last year, I met the gentlement who heads Citizen First Trust Dept and he quoted my a similar $85K figure...but, as I recall that pertained to their most recent homebuyers, not the total Villages population. This could be reasonable, given the number of younger retirees (and still working folks) coming in, those that are purchasing properties now (while still working) in anticipation of retirement, etc. Lots of ways to bend the numbers.

But, that being said, I think a number of the prior posts give a fair estimate of cost of living and the variables to consider. Size of house, mortgage or no mortgage, bond paid or no bond, auto expenses, insurance costs (self insured for health?) and all the extras (eating out, golf) all factor in. I agree that the basic cost to maintain a house here, excluding mortgage, is between 800-1100 per month. This would include all the various fees and services, homeowners insurance, property tax, bond, utilities. Vacations, dining out, extra golf, auto expenses, clothing, charity, income tax, etc are above and beyond this figure.
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