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Old 01-07-2011, 04:08 PM   #801
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Re: Does earning $65k per year mean you're poor?

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I eliminated both cable and my landline. Don't pay extra for data, only $40/month for MetroPCS includes everything. I'm a film buff but no longer go out to the movies, watch everything through Netflix.

I do eat (and drink) cheaper now. I shop TJ's and Costco regularly, but no Walmart in NYC. I have a cheap car now/low insurance premium, just repairs get expensive but I try to do as much myself as possible now, including oil changes.
If you don't mind me asking, how much do you owe on your credit cards now?
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Old 01-07-2011, 04:31 PM   #802
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Re: Does earning $65k per year mean you're poor?

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If you don't mind me asking, how much do you owe on your credit cards now?
I'm pretty sure OP got run off by the latest oot culling.
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Old 01-07-2011, 04:55 PM   #803
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Re: Does earning $65k per year mean you're poor?

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What's the median income of people living in Manhattan? NYC is huge and some boroughs are pretty poor. 65k is a wage you could live in reasonably well with 2 people in one of the poorer boroughs but for Manhattan you'd be struggling.
I am pretty sure that median income in Manhattan above 125st is well bellow 65K.
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Old 01-07-2011, 06:56 PM   #804
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Re: Does earning $65k per year mean you're poor?

racist ban
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Old 01-10-2011, 12:21 PM   #805
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Re: Does earning $65k per year mean you're poor?

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What's the median income of people living in Manhattan? NYC is huge and some boroughs are pretty poor.
Pretty sure this has been said in this thread, but it's hard to compare averages in NYC, because so many of the poor people live in subsidized housing. I know plenty of families who live on less than $30,000 a year. They either have had rent controlled apartments in their families for decades and pay <$400 a month rent, live in projects, or they own houses that were built in the 30's by hand and the tax assessors think it's an empty lot.
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Old 01-10-2011, 01:29 PM   #806
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Re: Does earning $65k per year mean you're poor?

move to crooklyn
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Old 02-04-2012, 08:13 PM   #807
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Re: Does earning $65k per year mean you're poor?

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bump, mostly for this pic
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Old 02-04-2012, 08:18 PM   #808
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Re: Does earning $65k per year mean you're poor?

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bump, mostly for this pic
Thanks for not making me hunt for it. So good.
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Old 04-24-2013, 10:30 PM   #809
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Re: Does earning $65k per year mean you're poor?

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LOLd hard irl.
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Old 04-25-2013, 12:56 AM   #810
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lol this whole thread was worth reading just for that mspaint.
I'll get to it
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Old 04-25-2013, 12:57 AM   #811
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Re: Does earning $65k per year mean you're poor?

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your problem is you are a moron not that you are poor
dis
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Old 04-25-2013, 04:20 PM   #812
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Re: Does earning $65k per year mean you're poor?

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If you go through cologne every 2 months you smell like a dirty Persian.
outside of all of the awesome olive oil comments, this is my favorite line of the thread.
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Old 04-25-2013, 11:09 PM   #813
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Re: Does earning $65k per year mean you're poor?

Yeah. ****. I forgot how good this was
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Old 04-25-2013, 11:35 PM   #814
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Re: Does earning $65k per year mean you're poor?

Wow this thread is outstanding.
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Old 04-26-2013, 01:51 PM   #815
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Re: Does earning $65k per year mean you're poor?

Avg 1bdr doorman apt in Manhattan now 3800. No doorman is 3150. Harlem is half the average so its higher in reality.
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Old 04-26-2013, 02:13 PM   #816
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Re: Does earning $65k per year mean you're poor?

i don't think those stats are accurate

ETA: or they could be right because of some places that rent for like $20k/month, but no way the median is near that high
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Old 04-26-2013, 04:42 PM   #817
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Re: Does earning $65k per year mean you're poor?

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i don't think those stats are accurate
Ok, enjoy being wrong I guess. All data March 2013.

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ETA: or they could be right because of some places that rent for like $20k/month
You think there are a lot of $20k, One-bedrooms with No doorman skewing the data?

notsureifsrs.jpg.

Harlem skews the data down significantly, with the avg there being $1800.
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Old 04-26-2013, 04:50 PM   #818
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Re: Does earning $65k per year mean you're poor?

According to the 2011 ACS, median gross rent in Manhattan for all apartments is $1,403.
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Old 04-26-2013, 05:02 PM   #819
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Re: Does earning $65k per year mean you're poor?

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According to the 2011 ACS, median gross rent in Manhattan for all apartments is $1,403.
rent controls tho
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Old 04-26-2013, 05:11 PM   #820
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Re: Does earning $65k per year mean you're poor?

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rent controls tho
Rent stabilization has an influence on the median rate, as does subsidized housing of course. But there are a lot of other options out there. This time last year, I lived in a two bedroom apartment in a pre-war doorman building on a tony block on Riverside Drive for $1500. I moved to Park Slope, in part, because I found a better deal.
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Old 04-26-2013, 05:26 PM   #821
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Re: Does earning $65k per year mean you're poor?

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Originally Posted by NajdorfDefense View Post
Ok, enjoy being wrong I guess. All data March 2013.



You think there are a lot of $20k, One-bedrooms with No doorman skewing the data?

notsureifsrs.jpg.

Harlem skews the data down significantly, with the avg there being $1800.
i can find the same data you can

http://www.mns.com/manhattan_rental_market_report

but their methodology is laughable

the "average" is just a simple average of the reported numbers for each of the neighborhoods, giving tribeca the same weight as harlem
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Old 04-26-2013, 08:13 PM   #822
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Re: Does earning $65k per year mean you're poor?

My 850-sq ft 1-bd in 2004, w/doorman, and still rent-stabilized [final year] was $2350 living in an utterly avg neighborhood. 9 years at 5% makes that $3645.

The FinDist median rent is $3450. That's as far from glamorous in Manhattan living as it gets.

Manhattan rental prices are 4.55x the national average for urban areas. So, an $800 unit in the 'average' city in America costs $3640 in Manhattan.

If you have a larger apt than a 1-bdrm, you can easily spend $85k+ on rent and utilities.

Rent control & stabilization further keeps median and average rents lower than they would otherwise be as many have noted -- and almost half the units are rent regulated, so prices, on average, are MUCH lower that they would be ceteris paribus.

My friend has a large 2bd in the W. Village he pays around $800/mo for. That would cost him $5793 otherwise, on average. Hell, my first studio from 20 years ago was 320 sq ft and cost $975/mo.

If you make < $69k a year, you qualify for public housing in NYC. And yet that is ~55% higher than what the median household income is.

Columbia U. subsidizes small 2-bdrm on UWS-Riverside for some of their professors, they still pay $1800/mo vs. the $6000 they would pay on UWS for the same size, unsubsidized.

The fact that some people are very, very lucky to find a phenomenal deal at $1500/mo does not disprove the facts of the average or median price of rental apt in Manahattan.

All the people who have never lived there and post about how they 'know' the prices aren't really that high [like they also did after OP] should stop making such absurd statements.
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Old 04-26-2013, 08:25 PM   #823
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Re: Does earning $65k per year mean you're poor?

Grunch: yes.
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Old 04-26-2013, 08:42 PM   #824
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Re: Does earning $65k per year mean you're poor?

Rent in Manhattan is absurd, just like London. Not that its surprising really but still its kinda insane. I pay equivalent of a little less than like $1k in dollars rent a month for a 2 bedroom house in a medium sized UK city. Friend pays nearly $4k for a 2 bedroom flat in Fulham.
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Old 04-27-2013, 09:27 AM   #825
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Re: Does earning $65k per year mean you're poor?

I make just a bit more a year than you and I always have plenty of money. Granted I live in a state where I own my own home and my mortgage is only 845 a month.
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