Costs of the “good life”

Law school professors make very good money by ordinary human standards, but those in the Northeast, at least, have relatively little chance to live the stereotypical American “good life.”

An article on Forbes.com (via MSN) calculates the annual income necessary in the northeastern states to enjoy such things as a vacation home, private schools for the kids, new prestige automobiles, and exotic vacations.  The amounts vary widely, from an after-tax low of $212,000 a year in Portland, Maine (where there are relatively few law schools), to $339,000 in New Jersey, $359,000 in Connecticut, $407,000 in Boston, and $484,000 in New York City.  Remember, that’s after taxes.