in terms of quality-of-life, though, 100k in NYC feels about middle-class whereas anywhere else in the country outside of the bay area, you'd be living like a king.$100k a year in NYC is an extremely good living and is approximately 200% of the median household income for the city. Even when adjusted for cost of living it would be about 150% of the country's median household income or more, depending on what borough you live in.
It's always hilarious to me when people try to go on about how $100k (or $250k or whatever) is a pittance to live on in New York. Completely clueless. Sure New York is expensive, but $100k being pretty much nothing? What a joke.
in terms of quality-of-life, though, 100k in NYC feels about middle-class whereas anywhere else in the country outside of the bay area, you'd be living like a king.
you certainly couldn't purchase property on that, unless you're talking like a fixer-upper 1.5-2 hours outside of Manhattan (unless you're willing to live in neighborhoods with serious crime issues like Greenville in Jersey City)
There are very few 22-year-olds I would trust to advise me on how to live my life, and she is not one. With all due respect, I see a very pretty face (the God-given advantage she received and does not, apparently, credit) spouting a lot of glib platitudes. Not really what I would consider insightful commentary.
$100k a year in NYC is an extremely good living and is approximately 200% of the median household income for the city. Even when adjusted for cost of living it would be about 150% of the country's median household income or more, depending on what borough you live in.
It's always hilarious to me when people try to go on about how $100k (or $250k or whatever) is a pittance to live on in New York. Completely clueless. Sure New York is expensive, but $100k being pretty much nothing? What a joke.
The average Manhattan apartment is $3,973 a month. So after taxes and rent you are making maybe $1000 a month or $10-$15k a year. Subtract $5k a year for food and $5k a year healthcare deductible. That leaves you with a pittance.
That's a very snappy comeback. You have really put in my place.
On a serious note I'm glad you haven't lost your mind yet to the point of shooting up a clinic. There is still time for you to step off the path you are on.
There are very few 22-year-olds I would trust to advise me on how to live my life, and she is not one. With all due respect, I see a very pretty face (the God-given advantage she received and does not, apparently, credit) spouting a lot of glib platitudes. Not really what I would consider insightful commentary.
"My ideology believes XYZ and anyone who believes otherwise is wrong, evil, stupid, and un-American. Nothing anyone can say will ever change my mind."
Not really. NYC is more expensive than most, but not as much as people think. (outside of Manhattan that is). Here's a cost of living index from 2010. It's not perfect, but it's the closest I could easily find and I imagine the broad trends are the same:
http://www.infoplease.com/business/economy/cost-living-index-us-cities.html
For the year ended October 2015, the energy index fell 19.9 percent, largely due to a 31.9-percent drop in gasoline prices.
You are so clueless it's painful.
1. That's average rent for all apartments, not median rent. For an idea of what Manhattan apartments actually go for, just go to craigslist:
http://newyork.craigslist.org/search/mnh/aap
2. Most apartments are not single occupancy.
3. Manhattan represents a small portion of NYC and it is by far the most expensive. Average rents are WAY lower in the other boroughs.
So yes, living by yourself in Manhattan would be difficult, although you could definitely do it as there are many, many apartments for far less than $4,000 a month (this is why average is a dumb metric). Living most other places in NYC? Not a problem.
I'm not a murdering maniac like a planned parenthood abortionist.
A row boat and three cars on blocks doesn't count.Is Manhattan not part of New York City? Is the statement I made not a fact? Is not the average rent $4000 a month? You can play games with numbers all you want, but the averages tell the story. On average, a person living in New York City making $100K a year does not have a nice house, nor a boat, nor a snowmobile, nor jet ski, nor motorcycle, nor anything resembling the kind of wealth that a person living in Kentucky on that kind of income. You are comparing a frickin lakefront house + boat +probably 3 cars to a frickin apartment (potentially with roomates!) Jesus you got some nerve.
Is Manhattan not part of New York City? Is the statement I made not a fact? Is not the average rent $4000 a month? You can play games with numbers all you want, but the averages tell the story. On average, a person living in New York City making $100K a year does not have a nice house, nor a boat, nor a snowmobile, nor jet ski, nor motorcycle, nor anything resembling the kind of wealth that a person living in Kentucky on that kind of income. You are comparing a frickin lakefront house + boat +probably 3 cars to a frickin apartment (potentially with roomates!) Jesus you got some nerve.
Is Manhattan not part of New York City? Is the statement I made not a fact? Is not the average rent $4000 a month? You can play games with numbers all you want, but the averages tell the story.
On average, a person living in New York City making $100K a year does not have a nice house, nor a boat, nor a snowmobile, nor jet ski, nor motorcycle, nor anything resembling the kind of wealth that a person living in Kentucky on that kind of income. You are comparing a frickin lakefront house + boat +probably 3 cars to a frickin apartment (potentially with roomates!) Jesus you got some nerve.
Yeah, you don't come across as ripe for radicalization.
The cost of living in NYC has been rapidly outpacing wage growth for the last 5 years so I am not sure the 'broad trends' statement is correct. For example rent prices 2011-2014 have risen faster than inflation and ~3x wage increases. Now 2.5 million people are spending more than 50% of their income on rent. Utilities are also increasing faster than wage growth albeit at a slower rate
http://www.nytimes.com/2015/02/25/nyregion/new-york-rents-outpaced-inflation-over-3-years-census-data-say.html
One of the big questions I have about CPI-U is the effect of energy prices on the metric. The rate for this year has been largely affected by a drop in gas prices:
Unless I am missing something this appears to be reflected in the overall census bureau's inflation figures for the NYC\New Jersey\Long Island area with no additional weighting despite the lowest car ownership rates in the US which would appear to make the value misleading
http://www.theatlantic.com/business/archive/2014/01/why-do-the-smartest-cities-have-the-smallest-share-of-cars/283234/
Also - taking the cities and figures in your post from 2010 means that $100,000 in Brooklyn equals $60,000 in Akron OH (the closest to 100 composite index I could find in this other site). Thats not much more than the household median income. I can see why a 40% reduction would make NYC seem fairly expensive
http://money.cnn.com/calculator/pf/cost-of-living/
Hell, $100K almost doesn't give you access to being in the upper 20% of earners. The average income of earners in the 80%-90% bracket is $166,149. She's got a bit to go.
So 100K is rich now? I thought it was repubs that thought 250k was the poor house. She literally did not make a single decent point/argument in that entire video. Made if she would've listened in college, instead of looking for every shred of liberalism, she could've formulated a coherent thesis statement and defense.
And that is why you take the train in. People need to stop watching Friends and Seinfeld and thinking that is a plausible living situation.The average Manhattan apartment is $3,973 a month. So after taxes and rent you are making maybe $1000 a month or $10-$15k a year. Subtract $5k a year for food and $5k a year healthcare deductible. That leaves you with a pittance.
Neither does Col Sanders *cough* Berny Sanders.
100k/year is a big jump from the 60-80 percentile....won't be long now before the left starts suggesting that it is the cut for upper America, we all know this is the demographic that will foot most of the social justice tab anyway
http://www2.ucsc.edu/whorulesamerica/power/wealth.html
This link is all sorts of depressing and I think it's a shame it was lost among the bickering about whether or not some arbitrary number (100K in this case) makes you rich or not. The top 20% effectively own 90% of the country, and top 1% owns 35%. That is beyond alarming, and nobody seems to give a shit.
The top 20% effectively own 90% of the country, and top 1% owns 35%.