4 ms·

There are comments on this post that just suggest an ungodly level of consumption. Saying you can't live in NY comfortably on 150k salary. I buy $800 jackets an

by 2c2c2c 4y ago

There are comments on this post that just suggest an ungodly level of consumption. Saying you can't live in NY comfortably on 150k salary. I buy $800 jackets and feel like a jackass, WTF are these people spending their money on to say this shit?!

twblalock 4y ago
Housing. NYC median rent this year is $3350. That's over $40k per year. On a $100k salary, which is about $60k after federal, state, and local taxes, rent is 2/3 of the take-home pay for someone making $100k. More concretely, if you get $60k take-home pay per year after taxes, that's $5k per month, and if you pay median rent that leaves you with $1650 for everything else, and that rent price does not include all the utilities! That is pretty hard to live on if you have dependents. If you have to feed and clothe multiple people on $1650 a month you are going to feel pretty poor, even if you don't own a car!
- 2c2c2c 4y ago
  median rent is inflated by manhattan, which should be off the table at this salary rang. brooklyn rent is comparable trending towards cheaper than SF rent. i think dependents are probably what drives the disconnect. COL differences per area are amplified based on family size. but this isn't spelled out anywhere, nor does the fact that most people aren't trying to raise families in major cities in the first place
  - twblalock 4y ago
    Median rent in Brooklyn seems to be ~$3200 which is not a lot lower. Queens and the Bronx are a bit cheaper.
- tzs 4y ago
  Median NYC household income is $70.7k [1]. That suggests a single person on a $100k salary should be able to do OK. Median household income in Manhattan is just under $100k [2]. [1] https://www.census.gov/quickfacts/fact/table/newyorkcitynewyork/HSG010221 https://www.census.gov/quickfacts/fact/table/newyorkcitynewy... [2] https://furmancenter.org/neighborhoods/view/manhattan https://furmancenter.org/neighborhoods/view/manhattan

by 2c2c2c 4y ago

twblalock 4y ago

Housing. NYC median rent this year is $3350. That's over $40k per year. On a $100k salary, which is about $60k after federal, state, and local taxes, rent is 2/3 of the take-home pay for someone making $100k. More concretely, if you get $60k take-home pay per year after taxes, that's $5k per month, and if you pay median rent that leaves you with $1650 for everything else, and that rent price does not include all the utilities! That is pretty hard to live on if you have dependents. If you have to feed and clothe multiple people on $1650 a month you are going to feel pretty poor, even if you don't own a car!

2c2c2c 4y ago
median rent is inflated by manhattan, which should be off the table at this salary rang. brooklyn rent is comparable trending towards cheaper than SF rent. i think dependents are probably what drives the disconnect. COL differences per area are amplified based on family size. but this isn't spelled out anywhere, nor does the fact that most people aren't trying to raise families in major cities in the first place
- twblalock 4y ago
  Median rent in Brooklyn seems to be ~$3200 which is not a lot lower. Queens and the Bronx are a bit cheaper.
tzs 4y ago
Median NYC household income is $70.7k [1]. That suggests a single person on a $100k salary should be able to do OK. Median household income in Manhattan is just under $100k [2]. [1] https://www.census.gov/quickfacts/fact/table/newyorkcitynewyork/HSG010221 https://www.census.gov/quickfacts/fact/table/newyorkcitynewy... [2] https://furmancenter.org/neighborhoods/view/manhattan https://furmancenter.org/neighborhoods/view/manhattan