No, $100k a year is not good for a family of 4.
A family of 4 will be breaking even on their living expenses with $100k a year.
The living wage (cost of living) for a family of 4 averages to $68,808 per year.
If a family of 4 earns $100k a year in gross income, they are in the 24% tax bracket.
This means that their post-tax income is $76,000.
This leaves a family of 4 with $7,200 per year in extra money.
($76,000 – $68,800 = $7,200)
Or just $600 per month.
This barely allows you to:
(Note that the median household income was $67,521 in 2020.
So, earning $100k a year puts your household 48% higher than the median household income.)