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.

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api 6 hours ago | parent | next [-]

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.

	▲	JCattheATM 6 hours ago \| parent \| next [-]
		> The math doesn’t math. It maths fine, it's just that the assumptions being input are wrong.
	▲	windowsrookie 6 hours ago \| parent \| prev [-]
		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.

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nine_zeros 6 hours ago | parent | prev | next [-]

[dead]

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dangus 6 hours ago | parent | prev [-]

Oops I read this wrong.

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kritiko 6 hours ago | parent | next [-]

Majority is correct if you go by the $125k figure (which is skewed by public listing data, I’m sure)

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nixosbestos 6 hours ago | parent | prev [-]

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

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revv00 6 hours ago | parent | next [-]

Even 87k is a huge number, is it due to some selection bias?

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dangus 6 hours ago | parent | prev [-]

Oops I read this wrong.

	▲	detaro 6 hours ago \| parent [-]
		and 87k is quite a bit below 125k.