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Started By
Message
what you have to earn to be rich across america
Posted on 3/20/15 at 9:45 am
Posted on 3/20/15 at 9:45 am
14
Posted on 3/20/15 at 9:46 am to JonaYolles
Highest income =/= richest
Posted on 3/20/15 at 9:48 am to JonaYolles
Atlanta above NYC???
Posted on 3/20/15 at 9:49 am to GreatLakesTiger24
No it doesn't. How about you read the article linked? It states that you have to make the number in the graph to be considered rich (aka top 5th percentile) in each individual city.
Posted on 3/20/15 at 9:51 am to JonaYolles
Damn it, I'm not even rich in Detroit!
Posted on 3/20/15 at 9:53 am to JonaYolles
cost of living is extremely low in Atlanta. I live here.
Posted on 3/20/15 at 9:54 am to JonaYolles
OT ballers laugh at these puny numbers.
Posted on 3/20/15 at 9:54 am to yellowfin
quote:
As for Atlanta’s high rankings on both lists, the city is a hub for Fortune 500 companies, with a thriving tech industry. There is a wide spread of incomes, with the city’s bottom 20% of earners making about $15,000 per year. That said, housing and other basic living costs are relatively affordable. Compare that to San Francisco, where the bottom 20% of earners make $10,000 more than their Atlanta counterparts, but face much higher costs of living.
This post was edited on 3/20/15 at 9:55 am
Posted on 3/20/15 at 9:55 am to JonaYolles
cost of living index for BR is comparable to san antonio to kansas city on that list, so you need about $160k
Posted on 3/20/15 at 9:56 am to JonaYolles
But the OT told me that if you earn $200,000 a year in NYC that means you're poor and can't even afford a studio apartment?
Posted on 3/20/15 at 9:58 am to link
It is my understanding that for the first graph in the article they simply look at income. So if the top 5% in one city make between a set number, the cut off to "rich" could be a lot lower in BR or NOLA even though COL may be comprable to other cities
CoL is not considered until later in the article.
CoL is not considered until later in the article.
This post was edited on 3/20/15 at 10:02 am
Posted on 3/20/15 at 9:58 am to JonaYolles
Damn, San Francisco. That's a crazy number.
Posted on 3/20/15 at 10:00 am to ColeCoushCoush
quote:
But the OT told me that if you earn $200,000 a year in NYC that means you're poor and can't even afford a studio apartment?
Probably about right for Manhattan. You can do okay housing wise in other parts of the city though.
Posted on 3/20/15 at 10:08 am to elposter
Hooray for San Antonio! I'm well on my way 
Posted on 3/20/15 at 10:19 am to JonaYolles
Woohoo! My household is "rich" in several of those cities.
Posted on 3/20/15 at 10:20 am to JonaYolles
Looks like a list of my bonuses over the last 50 months.
Posted on 3/20/15 at 10:21 am to JonaYolles
newsflash, those figures aren't "rich" numbers, by a long shot
Posted on 3/20/15 at 10:22 am to AnonymousTiger
Can't find New Orleans. I need to know if my sarcastic "We're rich" comments while out with my fiancée are in fact true
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