4 ms·
For Manhattan they’re giving cost of living for 1 adult as $53,342 which is way way off. They are allocating $2000/month for housing (avg 1 bed in Manhattan is
by mathewsanders 3y ago
For Manhattan they’re giving cost of living for 1 adult as $53,342 which is way way off.
They are allocating $2000/month for housing (avg 1 bed in Manhattan is around $4000) and $12.50 for food per day (I guess possible if you’re eating rice-and-bean type meals).
This living wage is 4x povity wage, so I guess they’re expecting povity line to be finding places that rent for $500 and being able to budget for $4 for food each day.
Thankfully we voted in last years local election to have a true cost of living index for nyc calculated each year.
http://truecostofliving.org/ http://truecostofliving.org/
For 2023 they estimate north Manhattan as $123,688
And south Manhattan as $151,723
Shocking how far off the calculations are given that I assume a resource like this is used for policy decisions.