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Model S Buyers: What's Your Income?

Discussion in 'Model S' started by Todd Burch, Jan 11, 2012.

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Model S Buyer: What's your annual gross income? (USD)

  1. Below $40,000

    8 vote(s)
    0.8%
  2. $40,000-$59,999

    25 vote(s)
    2.6%
  3. $60,000-$79,999

    51 vote(s)
    5.3%
  4. $80,000-$99,999

    65 vote(s)
    6.8%
  5. $100,000-$119,999

    68 vote(s)
    7.1%
  6. $120,000-$139,999

    73 vote(s)
    7.6%
  7. $140,000-$199,999

    191 vote(s)
    20.0%
  8. $200,000-$299,999

    180 vote(s)
    18.8%
  9. $300,000-$499,999

    156 vote(s)
    16.3%
  10. $500,000 or higher (swimmin' in cash)

    138 vote(s)
    14.5%
  1. Todd Burch

    Todd Burch Electron Pilot

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    #1 Todd Burch, Jan 11, 2012
    Last edited: Jan 11, 2012
    Model S Buyers: What's Your Family Gross Income?

    This is an ANONYMOUS poll of your annual FAMILY gross income, so we can get an idea of the range of incomes for Model S purchasers. Please complete it ONLY if you are planning on getting a Model S, and please DO NOT leave any posts revealing your own personal income.
     
  2. gg_got_a_tesla

    gg_got_a_tesla Model S: VIN 65513, Model 3: VIN 1913

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    Missing the poll itself, Todd?! Wonder how many income tiers you intended to create...
     
  3. Todd Burch

    Todd Burch Electron Pilot

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    Poll's up...took a second to submit via the iPad :). I won't vote on this until a few anonymous votes have already come in.
     
  4. efusco

    efusco Moderator - Model S & X forums

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    family or individual?
     
  5. Todd Burch

    Todd Burch Electron Pilot

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    Argh...thanks Evan. FAMILY income. How the heck do I edit the thread title or poll question?

    EDIT: Nevermind. Found it in the advanced editing options.
     
  6. Todd Burch

    Todd Burch Electron Pilot

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    Only 10 are allowed...so ten. Not nearly as fine as I'd like for a poll like this.
     
  7. Dan5

    Dan5 Member

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    It's a good benchmark

    I crossed a threshold this year from going from one tier to the another by like $50.
     
  8. Todd Burch

    Todd Burch Electron Pilot

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    Unfortunately, I think I messed it up. After Evan reminded me that I should clarify "Family" versus "Individual" income, I fixed my first post but was unable to fix the thread title. Moderators, perhaps you can fix it for me?

    I wonder how many people cast votes for their individual income instead of family income.
     
  9. neroden

    neroden Happy Model S Owner

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    You don't have "irregular" or "varies massively from year to year" as an option.
     
  10. gg_got_a_tesla

    gg_got_a_tesla Model S: VIN 65513, Model 3: VIN 1913

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    neroden, you are probably an outlier rather than the norm but, maybe, you can use some sort of a historical average over the past 3 years or so?!

    Todd, it's unlikely that too many folks went with individual income. Buying a car falls within the family budget and definitely needs the significant other to be part of the equation (as we've seen with several posts on other threads :smile:).

    I think the results thus far are seemingly as expected given the jobs that folks have and the price of the Model S.
     
  11. Robert.Boston

    Robert.Boston Model S VIN P01536

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    Suggestion: if you have fluctuating income (commissions, whatever), report the 5-year median.
     
  12. gg_got_a_tesla

    gg_got_a_tesla Model S: VIN 65513, Model 3: VIN 1913

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  13. ckessel

    ckessel Active Member

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    This average strikes me as pretty typical for the market segment. I'd guess it's a lot of 2-income professions (both doctors, lawyers, engineers, etc) or 1 higher income (~100k) and the other a more typical (~50k). All are folks quite well off on the scale of things, but most aren't "model S out of spare cash" wealthy.
     
  14. Robert.Boston

    Robert.Boston Model S VIN P01536

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    btw, >$500k folks aren't always "swimming' in cash." Between alimony, child support, mortgages, lease payments, property upkeep, tuition, horses, moorings, etc., there are high-income people can't write a check for $90k. I don't have much sympathy for their "plight," but I certainly know a few in that category. We all make choices....
     
  15. Arnold Panz

    Arnold Panz Model Sig 304, VIN 542

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    Amen! My father the accountant always told me that it's not about how much you earn, but how much you save. A millionaire who spends everything (or goes into debt) is poorer than someone who makes $100k and saves 20% every year. They key to living (and buying a Model S) is living below your means. It's paradoxical, but many very high earners live beyond their means. Case in point -- I just saw today that Leigh Steinberg (the inspiration for Jerry McGuire) filed for bankruptcy protection.
     
  16. EVNow

    EVNow Active Member

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    #16 EVNow, Jan 12, 2012
    Last edited: Jan 12, 2012
    Interesting to see about 40% being in the top 2% (actually 2.6% have >$200k). I'd have thought it would be a lot more.

    I should also note that - it depends a lot on where you are. $200k goes a long way in MO compared to the West Coast or North East.
     
  17. Trnsl8r

    Trnsl8r S85 since 12/8/12, X90 since 12/20/16

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    Kind of goes along with our forum sample I think, where currently about 28% are planning to get a Signature edition.
     
  18. ElSupreme

    ElSupreme Model S 03182

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    I entered based on this years tax return. Next year I'll probably move up one spot.
     
  19. Todd Burch

    Todd Burch Electron Pilot

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    They can feel free to cry me a river ;).
     
  20. Odenator

    Odenator Member

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    I'm interested in knowing the income distribution of Roadster owners. I tried searching the archives without success. Does anyone know if someone took a poll of this question?
     

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