4 ms·
All these "you need to make a gazillion bucks to live a middle class life in SV" articles fall prey to the same fallacy. Comfortable !== Luxury Yes, SV is one
by cimmanom 7y ago
All these "you need to make a gazillion bucks to live a middle class life in SV" articles fall prey to the same fallacy.
Comfortable !== Luxury
Yes, SV is one of the most expensive places in the country (maybe the world) to live. But if you're willing to live even a 20th percentile lifestyle instead of a 2nd percentile lifestyle, you don't need 2nd percentile money, even there.
- wskinner 7y agoI think most readers will correctly interpret your comment. But it should be "80th percentile", "98th percentile". 98th percentile means 98% of observations are below that level.
- cimmanom 7y agoOK, good point. I was kind of thinking of "the 1%". Debating whether to edit and fix, but leaning towards leaving it.
- sorryforthethro 7y agoI can't picture what percentiles look like, but $120k in SF was a hard life compared to the $90k in Seattle I get now. And I consider myself plenty rich.
- nopzor 7y agoSv is expensive, and id believe it’s the most expensive city in the USA. but definitely not the most expensive place in the world. I think cities like Hong Kong, Singapore, Tokyo, and others have a higher cost of living. Yes, normalized in usd.