<p>"Within my peers and neighbors, I am of low income. In a good year, my base + bonus will be probably only at $120K and my wife does not have a job outside the house (does more work than me at office). "</p>
<p>As of 2004 in Ohio, the median family income for a family of 4 was $66,734. For a 5- person family in Ohio, the medium income was a$67,300. For a 6 person family in Ohio, the median income was $62,129. </p>
<p>In West Virginia (where you used to live), the median income for a 4 person family was $52,292.</p>
<p>Figures came from here: <a href="http://www.census.gov/hhes/www/income/statemedfaminc.html%5B/url%5D">http://www.census.gov/hhes/www/income/statemedfaminc.html</a></p>
<p>You are considered a relatively affluent family. Adding to that affluence is the fact that your wife doesn't work. In most families in this country, both parents have to work because they need the income, so the figures I listed above, mainly show the figures for 2-income families.</p>
<p>While where you live, you may be on the low end of the scale, you must be living in a very privileged community, with excellent schools, resources, etc. Colleges also will take this into account when evaluating your D, who'll be expected to have accomplished more than she would have if she had grown up in a truly low income ($40,000 or less for a family of 4) family in a community with weak schools, poor guidance counselors, few decent EC opportunities, etc.</p>
<p>My family has a lower one-income family and probably higher cost of living, but we still are considered privileged since our income still is above that of most Americans, and our kids had the benefit of excellent public schools. Paying our EFC would take a big bite of our budget, one that we don't feel we can afford, so we steered our kids to public universities and privates where they had a good chance of getting merit aid. That left many excellent options.</p>
<p>Older S went out of state to a public that gave him excellent merit aid (Out of state publics usually don't give good merit aid, but S was a URM with sky high scores, very desireable academic-related ECs, and an interest in going out of state to a place that attracted relatively few URMs).</p>
<p>Younger S seems to be choosing to stay in state and go to a public uni, and will get at a minimum full tuition merit aid, which our state guarantees to high stat students who go to our state's public universities. He could get some sweet merit aid going out of state and was recruited by some colleges ranked in the top 25 (including one college that flew him in and treated him wonderfully), but he doesn't seem inclined to take that route.</p>
<p>Like your D, S doesn't want to go to a huge university, but has found that the learning communities and honors colleges and other programs at our state's large publics can offer the kind of small classes and academically-enthusiastic students that he wishes to be with.</p>