Haven't posted in about a year, so thought I would. Spouse and I have 1 child, live in a relatively LCOL metro area in Nebraska. We earn $112k together in base salaries, I am a public school teacher & he is a community college employee. We save $63,800 of our base $112k gross income (56.9%) in a combination of maxed 457 (1), 403b (2), my state retirement pension (10% of my salary mandatory) & $3600 annually in a 529 plan for our 2 year old.
We are 35 (me) & 36 (him). Some features that allow this savings rate: part time free daycare from my mom, a low 30 year mortgage @ 3.6% on a 3 bedroom/3 bathroom home in biking distance of work & kid daycare (both for paid daycare & free Grandma daycare). We have 2 cars but no car payments & no student loans.
We have some additional side hustles of teaching evening college courses (me, netting around $5k per year) & crypto currency mining (spouse, depends on the market but anywhere from $7200-$12,000 per year). Extra income is put towards mortgage (my side hustle) or reinvested in crypto currency mining equipment (spouse's side hustle).
We are both naturally frugal, but we completely realize how fortunate we are to have family taking care of our 2 year old part time for free. If we had 2 kids in center based daycare totaling $1,600 per month, we'd never have achieved this savings rate.