3 ms·
Well, it is technically possible he is at the national average income (not the median wage) and lives in a place where rent is way more affordable than the citi
by lazaroclapp 9y ago
Well, it is technically possible he is at the national average income (not the median wage) and lives in a place where rent is way more affordable than the cities most of HN lives in. U.S. GDP per capita is $55,836.79. That is $44,558 after taxes in Knoxville, TN (I am picking a city, but it could be more extreme, he could work remotely from a rural area in the U.S. or from, say, Belize). This means 25% towards rent is $1163. So, in Knoxville, Zillow says that is a 3 bedroom home.
More realistically, that same amount is a small studio in e.g. Austin, TX.
Now, the trick is that the average income might be $55,836.79, but the median personal income is ~$41,520 [1]
[1] https://en.wikipedia.org/wiki/Personal_income_in_the_United_States https://en.wikipedia.org/wiki/Personal_income_in_the_United_...