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
#2I know people making less than that but they are getting subsidies. It's people who are not poor enough for subsidies and not affluent that is getting squeezed
Re: NYC families need over $125k in income to live in any borough
#3I know people making less than that but they are getting subsidies. It's people who are not poor enough for subsidies and not affluent that is getting squeezed
Hard agree. Cant even qualify for housing connect, medicaid, or food stamps - income tax credits (single / no kids / no property) - which are significant help to quality of life.
Re: NYC families need over $125k in income to live in any borough
#4I know people making less than that but they are getting subsidies. It's people who are not poor enough for subsidies and not affluent that is getting squeezed
Yes. People in the middle are always squeezed the hardest, and $125k is just the baseline and is below survival in NYC.
You have to cut on almost everything to keep most of that money every month. Might be fine for those without families, but for a typical family of 2 or 3 would need double that salary and employers will look at that cost and will scrutinize that and ask:
"How do we get that 'cost' (you) significantly reduced?"
That is even before talking about "AGI" which is actually an excuse for layoffs (and reposting old jobs at a lower salary and off shoring those jobs) in disguise.
So it is more like the middle-class and especially families are getting squeezed the most in NYC and have no choice but to leave the US.
Re: NYC families need over $125k in income to live in any borough
#5sounds cheap and affordable coming from sf bay
Re: NYC families need over $125k in income to live in any borough
#6Don't worry, just today the mayor has announced a plan to fix it:
https://www.nyc.gov/mayors-office/news/2026/04/mayor-mamdani...
Re: NYC families need over $125k in income to live in any borough
#7I know people making less than that but they are getting subsidies. It's people who are not poor enough for subsidies and not affluent that is getting squeezed
Yes. People in the middle are always squeezed the hardest, and $125k is just the baseline and is below survival in NYC. You have to cut on almost everything to keep most of that money every month. Might be fine for those without families, but for a typical family of 2 or 3 would need double that salary and employers will look at that cost and will scrutinize that and ask: "How do we get that 'cost' (you) significantl…
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Re: NYC families need over $125k in income to live in any borough
#8Don'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.
Re: NYC families need over $125k in income to live in any borough
#9Don't worry, just today the mayor has announced a plan to fix it: https://www.nyc.gov/mayors-office/news/2026/04/mayor-mamdani...
"With this new program we will be able to measure the problem more closely than ever before!" - a NYC bureaucrat somewhere, probably
Re: NYC families need over $125k in income to live in any borough
#10Don'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.
This only works if we the people let them. For example, I hear about the example of Kansas City — kcmo vs kcks — and I can't help but wonder, why do we allow companies to do this? It should be trivial for the people of Kansas and Missouri to come together and say we won't allow a race to the bottom.