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I'm 100% sympathetic -- $100K is a lot of money -- but you really do need to factor in cost of living. I am not trying to evoke sympathy for folks who make $100
by wonderzombie 13y ago
I'm 100% sympathetic -- $100K is a lot of money -- but you really do need to factor in cost of living. I am not trying to evoke sympathy for folks who make $100K. It's just reality that $100K means something drastically different in the Bay Area vs any number of other metropolitan areas.
It's just more complicated than absolute numbers, is all I'm saying. If anything the fact that $100K is "not much" relative to the cost of living there is yet another symptom-- it implies that an eminently reasonable amount of money like $60K isn't enough. IOW, we should talk about floors, not ceilings or even averages.
- bunderbunder 13y agoKeep some perspective in considering the cost of living, too. The area's high cost of living is merely an inconvenience for someone who's that lofty income bracket. For the people living on the community's median household income of about half that, I imagine it's a lot rougher. For the >10% of the community's unemployed people, it's probably downright disastrous. And I imagine from the perspective of those folks, when the $100k earners complain about the cost of living it looks a whole lot like crocodile tears.