4 ms·
I don't doubt that number, but it's always a bit baffling to look at the median income in expensive cities. New York city's median household income is $87k, whi
by sethev 6mo ago
I don't doubt that number, but it's always a bit baffling to look at the median income in expensive cities. New York city's median household income is $87k, which means that the majority of households are well below the income level it takes to live there.
That stresses me out just to think about it.
- nine_zeros 6mo ago[dead]
- dangus 6mo agoOops I read this wrong.
- nixosbestos 6mo agoHuh? 87k is the median, not mean, so majority would be perfectly accurate....?
- kritiko 6mo agoMajority is correct if you go by the $125k figure (which is skewed by public listing data, I’m sure)
- api 6mo agoThis baffles me too. I don’t understand how “normal” people let alone lower income people live in places like SF/SV, NYC, etc. The math doesn’t math. Yet these cities have these people and could not function without them.
- windowsrookie 6mo agoPeople making $80-90K can live a similar lifestyle to the people making $125K+, they just aren't saving any money. I know people that do this, live their whole life with less than $5k in the bank.
- JCattheATM 6mo ago> The math doesn’t math. It maths fine, it's just that the assumptions being input are wrong.
- deleted 6mo ago[deleted]