4 ms·

If you earn $120k a year but happened to invest $100k in a brownstone or apartment many years ago that is now worth $3-5mm, you're rich!

• mcguire 8y ago
  If you earn $120k/year, you're in the ~80th percentile in NYC and are making a bit over 2x the median income. https://statisticalatlas.com/place/New-York/New-York/Household-Income https://statisticalatlas.com/place/New-York/New-York/Househo...
  • ramraj07 8y ago
    How about just Manhattan? Including all of the boroughs is just deliberate dissolution of effect
    • mcguire 8y ago
      https://statisticalatlas.com/county-subdivision/New-York/New-York-County/Manhattan/Household-Income https://statisticalatlas.com/county-subdivision/New-York/New... 60th.
• jdlyga 8y ago
  Most other places, yes. But Manhattan is a very high cost of living area.
  • akgerber 8y ago
    I'm not rich! I don't have any money left after I spend all of it!
• sib 8y ago
  Agreed - there is a difference that people - especially populists - like to ignore between "rich" (wealth) and high earnings. If you have $10M in a checking account, but choose work at Starbucks as a barista because you like fake Italian names for coffee, you are rich. If you have no savings or other assets, but earn $150K/year, you are not rich.