4 ms·
No, it's not exaggerated. Housing prices on the peninsula (PA/MW in particular) are so far outside of the distribution for the rest of the country, it's not eve
by mbreese 10y ago
No, it's not exaggerated. Housing prices on the peninsula (PA/MW in particular) are so far outside of the distribution for the rest of the country, it's not even funny. And it's not just the housing that is significantly more expensive. Schools, daycare, anything that involves kids is easily 2x as expensive around Palo Alto.
Saying that middle class in PA starts at $250K sounds about right. It is very difficult to have a family in the area for less than that.
Source: I recently moved from Mountain View to the Midwest (family of 4). My wife and I have talked a lot about moving back, but we decided that a minimum salary level would likely need to be above $250K for us to even consider it.
- brianwawok 10y agoI wouldn't say it is that far out of the distribution of NYC. It is very far from the middle of Iowa, but there is at least NYC to share the absurd housing price with :)
- TheCoelacanth 10y agoNYC or Manhattan? Manhattan is probably around the same as Palo Alto, but that's only a tiny portion of NYC.
- brianwawok 10y agoYa I guess that is the bigger difference. NYC you travel less far to find sanity than Palo Alto.