Among the findings:
- A New Yorker would have to make $123,322 a year to have the same standard of living as someone making $50,000 in Houston.
- In Manhattan, a $60,000 salary is equivalent to someone making $26,092 in Atlanta.
- You knew it was expensive to live in Manhattan, but Queens? The report tagged Queens the fifth most expensive urban area in the country.
- The average monthly rent in New York is $2,801, 53% higher than San Francisco, the second most expensive city in the country.
Income distribution in NYC is so bizarre that I’m not sure these numbers are meaningful. You’ve got the super rich paying tens of thousands a month for rent, and then you have people scraping by in Chinatown or Harlem.
Not that it’s cheap to live in NYC or anything.
Another #MATH.FAIL - anyone with even a basic understanding of statistics knows that the median is much more useful number instead of the mean when a skewed data set is being used like rents in NYC.
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theceejaylouis reblogged this from pauldateh
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rosstreleven reblogged this from sawickipedia
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djcxoxo liked this
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macaramba reblogged this from pauldateh and added:
Many BU graduates head out to live in NYC; I have several cousins who went to college on the East Coast and are living...
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sendmelies liked this
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draconisignis reblogged this from pauldateh and added:
Truth. It gets quite ridiculous.
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pauldateh reblogged this from missbhavens
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huerhodes reblogged this from sawickipedia and added:
The savings from not having a car offset these numbers. Not to say NYC is cheap, but it’s not as bad as what’s described...
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sawickipedia reblogged this from caterpillarcowboy and added:
Another #MATH.FAIL - anyone with even a basic understanding of statistics knows that the median is much more useful...
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missbhavens reblogged this from stevewoolf and added:
Yes, income distribution in NYC is pretty whacky, but there ain’t nobody scraping by in Chinatown or Harlem. There are...
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caterpillarcowboy reblogged this from courtenaybird and added:
Income distribution in NYC is so bizarre that I’m not sure these numbers are meaningful. You’ve got
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courtenaybird posted this
