Depending on where you live, $250,000 might not stretch that far
Cost of living disparities are in focus now, and not just in the national tax debate. It’s a big deal for families from expensive places when they apply for college financial aid. People who make, say $60,000 a year in Fort Smith, Ark. — one of the least expensive places in the country, according to Kiplinger.com — have significantly more disposable income than people trying to make it on that much in Manhattan.