I've never seen such bullshit! I live in Chinatown with a 100k salary. According to this website the median is 111k salary, with 11k discretionary income.
I have a decent place in Manhattan (Chinatown), which I'm paying $800/mo for (split with 2 friends), absolutely not paying 5.3k/y for transportation (3 subway cards a month??), and I have NO idea what these mystical $1500/mo miscellaneous expenses are, unless they could be attributed to savings, $600/mo on groceries is just feckless profligacy--and $500/mo on utilities??? WTF!???
I have so much discretionary income I literally have nothing to do with it except save/reinvest. My two roommates constantly make fun of me for being a spendthrift, but according to this website I must be in the top 25 penny-pinchers in Manhattan...
It includes $19k of "Misc." in the "Basic Expenses" category, which is nearly $10k more than most other cities. It's unclear what that is exactly, but they say the data comes from expenditures from "professional and executive households". I wonder if it says more about the behavior of professionals and executives living in Manhattan than the true cost of just living there.
Also the transportation category for Manhattan is 50% more than the NY Metro overall, which is weird given that one of the benefits of living in Manhattan is not needing to own a car.
I have a decent place in Manhattan (Chinatown), which I'm paying $800/mo for (split with 2 friends), absolutely not paying 5.3k/y for transportation (3 subway cards a month??), and I have NO idea what these mystical $1500/mo miscellaneous expenses are, unless they could be attributed to savings, $600/mo on groceries is just feckless profligacy--and $500/mo on utilities??? WTF!???
I have so much discretionary income I literally have nothing to do with it except save/reinvest. My two roommates constantly make fun of me for being a spendthrift, but according to this website I must be in the top 25 penny-pinchers in Manhattan...