4 ms·
$250k is not the same in, for example, California and Iowa. If your family income is $250k in cities like San Francisco or New York, that definitely doesn't put
by ipozgaj 11y ago
$250k is not the same in, for example, California and Iowa. If your family income is $250k in cities like San Francisco or New York, that definitely doesn't put you in 95-percentile.
- evanpw 11y agoTrue in San Francisco, but even in NYC $250k is 95th percentile: http://www.businessinsider.com/san-franciscos-top-5-of-earners-are-insanely-rich-2015-3 http://www.businessinsider.com/san-franciscos-top-5-of-earne....
- harryh 11y agoSan Francisco incomes statistics are undoubtedly skewed by stock option cash-outs that are one time (or at least relatively rare) events. So if you have a 250k/yr salary you might not be in the top 5% for any given year, but I bet you're in the top 5% for, say, any given 5 year period.
- tedmiston 11y agoNot to mention that the top 5% by salary have other forms of compensation not included in the analysis, like stock options.
- pdex 11y ago$250k in NYC and San Francisco does NOT offer an "upper-class" quality of life.
- dogma1138 11y agoReally depends on what you call an "upper-class" quality of life. A penthouse with a view of the park and the finest dining isn't affordable on 250K. A house in a great neighborhood (unless you insist on sticking to Manhattan), private school for the kids and not worrying about most financial decisions is quite affordable on 250K even in NYC.
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