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NYC families need over $125k in income to live in any borough

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Re: NYC families need over $125k in income to live in any borough

#21
post #17

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.

[dead]

Re: NYC families need over $125k in income to live in any borough

#22
post #8

Don't worry, just today the mayor has announced a plan to fix it: https://www.nyc.gov/mayors-office/news/2026/04/mayor-mamdani...

I worry it may end up like the ‘70s when poor policy started to device large companies to seek greener pastures for their HQ and operations elsewhere. Sometimes politicians think they have them by their noses and can turn up reaction to fix ineptitude, corruption or both but sadly for the politicians people and businesses can vote with their feet.

I love how this thread is talking about bad policy without even discussing any aspect of the policy that is bad.

Perhaps we should pull our heads out of the Fox News punch bowl to take a breath.

Y’all act like democratic socialist policy can’t work even though we’ve spent the last entire history of our country trying the exact opposite strategy only to have it not work out at all. The current status quo which is obviously not satisfactory didn’t come from socialists or leftists running the country.

Cue the “This is the world under communism” memes that are literally pictures of the current world under unfettered under-regulated capitalism.

The boogeyman of “the businesses will move out of NYC” is hilariously out of touch. Where will all these companies get the employees they depend on if they move operations to Kansas? NYC contains nearly the entire population of Ohio within its boroughs. Where do you propose these companies find employees if they all leave NYC?

You’re making the classic business bootlicking mistake of flipping the needs pyramid upside down. We don’t need to beg for businesses to stick around, businesses literally depend on regular working class people to survive. They are worthless without our labor and our dollars as customers.

Re: NYC families need over $125k in income to live in any borough

#23

sounds cheap and affordable coming from sf bay

>"sounds cheap and affordable coming from sf bay"

It literally is. Unlike SF, you can actually buy a home within an hour commute of NYC around the national median. Transit is infinitely better as well.

Re: NYC families need over $125k in income to live in any borough

#25
post #17

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.

Oops I read this wrong.

Re: NYC families need over $125k in income to live in any borough

#26

Earlier quoted context omitted.

[flagged]

> Or like. Don’t live in the 2nd most expensive city in the country? Well... multiple things here. If you're in, say, finance, you can't just go and move to some flyover state and work remotely. You need to be around NYC (US), LON (UK) or FRA (EU). If you work some service job, say you work retail, okay. But... imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move…

If you're in finance, you earn enough to live in NYC

> imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces!

That's not a "the poor middle class folks in NYC need help" story, that's a "the rich folks of NYC need folks to serve them" story. They're welcome to strategize however they like to incentivize people working there. Manipulative heartstring tug are not welcome however.

Re: NYC families need over $125k in income to live in any borough

#27

Earlier quoted context omitted.

[flagged]

> Or like. Don’t live in the 2nd most expensive city in the country? Well... multiple things here. If you're in, say, finance, you can't just go and move to some flyover state and work remotely. You need to be around NYC (US), LON (UK) or FRA (EU). If you work some service job, say you work retail, okay. But... imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move…

I can't find the reference, but I saw a comment recently along the lines of, "If you live in a city where the people who provide you with services can't also afford to live in that city, you don't live in a city, you live in an amusement park."

Re: NYC families need over $125k in income to live in any borough

#28
post #25
post #17

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.

Oops I read this wrong.

Huh? 87k is the median, not mean, so majority would be perfectly accurate....?

Re: NYC families need over $125k in income to live in any borough

#29
post #25
post #17

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.

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)
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