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Salary vs Suit prices

Discussion in 'Classic Menswear' started by dingdongbell, Aug 29, 2011.

  1. dingdongbell

    dingdongbell Well-Known Member

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    Just out of interest, what do you guys reckon?

    Salary USD$ xxx - <1k suit
    Salary USD$ xxx - 1k - 2k suit
    Salary USD$ xxx - 2k suit
    Salary USD$ xxx - 2k - 3k suit
    Salary USD$ xxx - 3k+ suit
     


  2. mlongano

    mlongano Senior member

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    Sure, I'll play: (I'm talking about how much you actually spend, not MSRP)

    <1k suit $0 to $25,000
    1k - 2k suit $25,001 to $50,000
    2k suit $50,001 to $100,000
    2k - 3k suit $100,001 to $150,000
    3k+ suit[/quote] $150,001 to $200,000 and up
     


  3. Blackhood

    Blackhood Senior member

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    You should write down how insecure you are then add that number to how much your peers spend. That's how much you should spend.
     


  4. impolyt_one

    impolyt_one Senior member

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    $150,001 to $200,000 and up

    [/quote]

    Too much suit for too little salary, IMO. I wouldn't buy $3K suits if I made $150K a year, I'd be buying <$1000 suits still. I don't know if your rent should even be $3K (a month) if you make $150K.
     


  5. BrianVarick

    BrianVarick Senior member

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    From my perspective which is not from a big city so less people are concerned about clothes.

    Salary USD$ $75,000 to $100,000 - 1k - 2k suit
    Salary USD$ $100,000 to $200,000 - 2k suit
    Salary USD$ $200,000 to $500,000 - 2k - 3k suit
    Salary USD$ $500,000 plus - 3k+ suit
     


  6. Pendulum

    Pendulum Senior member

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    That's probably more representative, although my MD who is on more than $1m wears M&S suits costing about $500. I'd say your interest in MC would be as much of a factor on how much you spend when you get past about $100k than your salary.
     


  7. mrclam

    mrclam Senior member

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    +1 from me
     


  8. mlongano

    mlongano Senior member

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    I guess your age comes into play here also...

    ...if you are 55 years old and making $150k per year you can probably afford more for a suit compared with a person who is 35 years old...the younger person probably has other priorities including wife, house payments, car payments, children, furniture, family vacations, household purchases, etc.
     
    Last edited: Aug 29, 2011


  9. impolyt_one

    impolyt_one Senior member

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    FWIW my father is in your highest income category, 59 years old, a year and a half from retirement and stands to get two pensions of his own plus a separate one for my mother, has no mortgage payments or substantial expenses, but I'd be lucky to get him to buy a $300 suit from a BB outlet. He also has worries about whether his pension and retirement funds will take him into old age safely.
     


  10. lee_44106

    lee_44106 Senior member

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    Credt cards were invented so the insecure can look rich too and try to fit in.
     


  11. mlongano

    mlongano Senior member

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    I don't doubt your response but I thought the OP was trying to get a feel for what people of various salary levels could afford, as opposed to what they actually spent.

    Most men today spend very little on suits as they are no longer required to wear them, and don't care to get dressed up anymore.

    Perhaps the OP can chime in here and clarify the original intent of the thread?
     
    Last edited: Aug 29, 2011


  12. robinsongreen68

    robinsongreen68 Senior member

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    ...
     
    Last edited: Aug 29, 2011


  13. Quadcammer

    Quadcammer Senior member

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    You think people earning $25k per year can afford $1k to $2k suits.

    Thats a full month's income.

    I say:

    Under 25K> $300 suits
    $25k-$50k> $500 suits
    $50k-$100k> $800-$1000 suits
    $100k-$150k> $1k to $2k
    $150k+ $2k+

    This assumes things like living expenses are commensurate with income. Obviously someone who scrimps on other stuff to buy a nicer suit could afford more.
     


  14. Gdot

    Gdot Senior member

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    This is GREAT news - wait until my better half finds out I'm spending way to little for my suits based on my income bracket!!!!!!!

    It's off to Naples for me - as apparently I can have a brand new fully bespoke wardrobe!!!!!!!!

    :lol:
     


  15. Klobber

    Klobber Senior member

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    Income is not the only factor in purchasing high end suits. What are your other expenses? i.e. higher morgage payments on a more expensive house, a better car (or a fleet of cars), emphasis on savings etc ... it is all relative. Kids can quickly turn a high salary into a comfortable living rather than one of lascivious impulsiveness. If you have priorities that are directed at clothing, then even a $100K salary will afford the utmost luxury if one sacrifices a nice car for a beat up old one, or a nice house for a $900pm appartment.
     
    Last edited: Aug 29, 2011


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