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The median annual family income (for a whole family including all earners) is 50k. 100k for a family is in the top 20% of NYC.
by cm2012 10y ago
The median annual family income (for a whole family including all earners) is 50k. 100k for a family is in the top 20% of NYC.
- emodendroket 10y agoWell to really answer the question we have to define what we mean by "middle-class," which is often deliberately left so nebulous that it covers practically everyone besides the homeless and the stratospherically wealthy.
- eigenvalue 10y agoYou also have to define "NYC"; this includes outer boroughs like the Bronx where incomes and rents are MUCH lower. If you restrict yourself to Manhattan or a couple outlying areas in Brooklyn/Queens that are considered desirable, the numbers change quite dramatically.
- bardworx 10y agoI used NYC as the 5 boroughs. I also used working class neighborhood rent as comparison instead of manahattan, which would be a bit more
- bardworx 10y agoI live in Brooklyn, by Verrazano bridge which is an hour away from Manahattan by train. I don't know how a family can servive on 50k in a working class neighborhood like mine. I believe there is a great disparity in NYC between Section 8 housing and regular, rent stabilized, apartments. Section 8 brings down family income median as the housing is very affordable but cannot be classified as desirable by most standards.
- cm2012 10y agoSection 8 is only 8% of people in nyc.