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Your 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-m
by lilsoso 4y ago
Your 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.