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by sethev 70 days 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.

2 comments

This 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.
> The math doesn’t math.

It maths fine, it's just that the assumptions being input are wrong.

People 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.
Oops I read this wrong.
Majority is correct if you go by the $125k figure (which is skewed by public listing data, I’m sure)
Huh? 87k is the median, not mean, so majority would be perfectly accurate....?
Even 87k is a huge number, is it due to some selection bias?
Oops I read this wrong.
and 87k is quite a bit below 125k.