2016 Postmortem
Related: About this forumSay you're renting a 2 br in Brooklyn for 5 thousand a month
That's still less than a quarter your $250,00 income. And yes, on that income you can buy a place in NYC. And of course, you could always commute.
The point is, you're not going to struggle to live comfortably on that income even in NYC.
People in the middle class are struggling. Most people in NYC earn nowhere near $250,000.
http://www.urbanedgeny.com/top-10-real-estate/nyc-affordable-neighborhoods
http://www.trulia.com/NY/New_York,5140,Inwood/
http://www.trulia.com/for_sale/Staten_Island,NY/
hrmjustin
(71,265 posts)The bodegas around the courner pays 15,000 a month.
Rents in my building go from 1000 to 2500.
cali
(114,904 posts)hrmjustin
(71,265 posts)That cuts into their income but they still make a good penny.
I won't cry for them.
snoringvoter
(178 posts)for someone who is earning $75,000 in income for a family?
hrmjustin
(71,265 posts)Motown_Johnny
(22,308 posts)I lived just outside of it for a while when going to school (CIA Hyde Park). It was a very long time ago, but I don't remember the rent being that terrible.
hrmjustin
(71,265 posts)Maybe a half hour outside of Manhattan.
Motown_Johnny
(22,308 posts)I just didn't realize that it would take an hour on the train to do that.
My bad.
Sorry.
hrmjustin
(71,265 posts)This is usually outer Queens, Brooklyn and Staten Island.
hobbit709
(41,694 posts)Rent for a 2 br apt is 2-3k a month.
Most jobs in this town are low paying service industry jobs.
Punkingal
(9,522 posts)Recursion
(56,582 posts)But there's so much less of it once I've spent it all.
Set your watches: cali and I agree.
dsc
(52,169 posts)woo hoo I am wealthy, who knew those of us teaching in NC were wealthy and all of the 42 ranked salary in the US.
Recursion
(56,582 posts)There was a very brief time when a single (white male) earner could expect that in a Steel Belt city, but that was unusual, historically.
cali
(114,904 posts)Punkingal
(9,522 posts)HereSince1628
(36,063 posts)If you have what you need, some of what you want and a bit more... you really can feel relatively well off.
I think that's mostly where a sense of being middle class comes from... not so much an amount of money as a psychological adjustment to economic realities so your wants are fewer and you meet your needs with a bit of cushion.