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> let's say between ~$150-180k > even at that income I'm saving very, very little living in a HCOL and high tax city Not the answer you want to hear but the p
by Shindi 4y ago
> let's say between ~$150-180k
> even at that income I'm saving very, very little living in a HCOL and high tax city
Not the answer you want to hear but the problem is your spending. I have no idea what your life is like, but I was able to safe comfortably making 100K living in SF. Keep in mind the median HOUSEHOLD income in NYC is 67K.
- lilsoso 4y agoYour numbers for household income in NYC must be off, see the following sources: https://usafacts.org/data/topics/economy/jobs-and-income/jobs-and-wages/real-median-household-income/ https://usafacts.org/data/topics/economy/jobs-and-income/job... https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N For 2021, the median household income in the entire United States was above $67k, at ~$70k. And the median rent in Manhattan is allegedly $4k (https://www.nytimes.com/2022/06/09/realestate/manhattan-rent-nyc.html https://www.nytimes.com/2022/06/09/realestate/manhattan-rent...) (and the average is allegedly $5k, https://www.curbed.com/2022/08/new-york-rents-july-record-high.html https://www.curbed.com/2022/08/new-york-rents-july-record-hi...), which renders a ~$150k income much less comfortable.
- Shindi 4y ago> And the median rent in Manhattan is allegedly $4k Remember that Manhattan != New York City. You provided numbers for the US but not New York City. If only there was an easy way to find median rent of New York, New York
- lilsoso 4y agoThe median income for the US is higher than the median income you provided for NYC, therefore it seems reasonable to assume your numbers are incorrect. I then provided rent prices for an expensive neighborhood of NYC to illustrate how a $100k+ income can disappear on rent alone. A $100k salary is not a lot in NYC.