Originally Posted by MicroBob
Yet amazingly there are a ton of people living reasonably comfortably in NYC who make less than $250k. It must be some sort of magic trick.
obv my point of view is different from most people, and i understand that. i've never lived in NYC, but in LA and SF, what i found is this:
people who made less than that and had some sort of decent living situation in any desirable area lived incredibly boring lives, were racking up debt, were miserable / super-stressed, or had access to funds in addition to their income (or any combo of the above).
countless numbers of people who made less than 250K but didn't fall into one of the above categories moved out of the city after a year or two (i assume knowing that if they stayed they would inevitably end up in one of the above categories).
by and large, the self-sustaining people i knew who seemed fun, comfortable, relaxed, stable, and debt-free had incomes > $250K.