Comment by sethev
3 hours 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.
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.
[dead]
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.
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