The 33-year-old financial advisor, who's based in Santa Monica, California, made roughly $130,000 last year, according to a document viewed by Business Insider. This story is available exclusively to Business Insider subscribers. To feel "rich," Stroup estimated that he'd need an annual income of about $400,000 to $500,000 a year — more than triple his 2023 earnings. In January, Business Insider estimated that it would cost parents about $26,000 to care for a small child in 2024. AdvertisementWith all these expenses to consider, it might make sense for Stroup to move somewhere with lower housing costs.

---

Persons: —, Christopher Stroup's, who's, he's, he'd, Stroup, hasn't, Santa Monica, there's, aren't, I'd Organizations: Service, Business, Santa Locations: Los Angeles, Santa Monica , California, Santa Monica, Cincinnati, Bakersfield , California, Bakersfield, Troy , Pennsylvania