Earning well and living in a regular middle class neighborhood of teachers, carpenters, and office workers, I don't feel stressed about keeping up with the Joneses I'm surrounded by. I can afford enough relatively (to my surroundings) nice things.
My social circle is not full of wealthy people, so living in a regular middle class area is also not low-status. I also feel like that the kids feel more secure about the things they do and have than they would be if they were always falling behind their friends, doing and having exactly the same stuff.