If I’m remembering correctly I believe around 4-5 percent of American households are millionaires and less then 10 percent of that is above 5M so statistically you’re up there if you’re in excess of 5 or 10M.

However, we have a joint account for household and everyday living expenses.

For example:NJ Median Household Income, 2016 = $73,702$73,702 / 2 = $36,851 which is the median income for a C and lower areaThe median income in Paterson is $33,000 as well as Newark, NJ.

Also, every property that goes vacant - winds up sitting at least a few weeks if not a month or two until it's re-rented.With the national household income still at ~mid-$50k I don't really know what more we're expecting on these.

I've decreased my expenses as much as I can (cant slash the cable, because that's one of the agreements I made to stay here + take care of the yard and things in the household). 

I suspect most people are naming their net monthly household income from the rental properties, which excludes their personal home mortgage, car payment, etc.

A SEC 8 tenant can only spend 30% of their household income on housing - rent plus utilities.  

This time we are in a much more depressed economy with the avg house hold making less than they did 15 years ago.

For many, whether using personal or household income, the answer would be no.

My parents weren't too bad, but all my friend's households were insane.