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Median household income in Manhattan is about 100k. It's not all insanely wealthy people.
I make $11k per year.
$100k IS insanely wealthy.
Dear God man, get ANY other job
I've had multiple injuries at work (and a few from sports) so am unable to do my former labor-type jobs. I'm also over 65 so retraining is out of the question.
Worked minimum wage positions most of my life so have no savings and currently live in a rooming house.
There's lots of us out here scraping the bottom of the barrel just to survive.
That really sucks, and I'm genuinely sorry you've had to deal with all that. $100K USD can be eaten up very quickly depending on your city's cost of living though. I'd imagine someone making $100k USD in Manhattan would be barely scraping by as well
100K in Manhattan is nothing. My father was a principal earning $150K and still could barely get by in the city.
When apartments run total 40K annually, 100K is just a step above poverty wages.
11k is like $5.5/h, assuming you’re working full time. It’s well below minimum wage.
As stated in the comment you responded to I am no longer working because of injuries and age.
Are you saying pensions are allowed to go below minimum wage in the U.S.?
I live in Canada.
Sounds like you're vastly outside the norm and your perception may be skewed. You'll just have to take peoples word that $100k/yr in Manhattan is not "insanely wealthy."
Yeah, this is literally an 'OK Boomer' moment. Like, how expensive could it really be to live in Manhattan these days?
You also didn’t answer the question. Are you just trolling?
You have it backwards. 100k in Manhattan is not wealthy, let alone insanely wealthy. 11k is insanely impoverished, even if you live in the middle of nowhere.
I was living with about 10k CAD/y for a few years when I was single and I was mostly fine.
Granted, this was in the 2010s. And of course I wasn't in Manhattan, as you can guess by the currency.
Now, I'm making about 70k CAD with a family (sole provider) and I'm just staying afloat.
In Manhattan, it's enough to get by. It's a working-class salary there.
That's well below the poverty line wages. That's dirt poor in almost any part of the country let alone Manhattan, one of the most expensive cities in the U.S.
Frezik was talking about the $100K, not the $11K.
Not really. Poverty line in New York City for two adults/two children is $43,890.
https://robinhood.org/news/annual-poverty-tracker-report-by-robin-hood-and-columbia-finds-nyc-poverty-increased-from-18-percent-to-23-percent-in-2022-a-jump-from-1-5-to-2-million-new-yorkers-living-in-poverty/
Edit: also keep in mind that New Yorkers often don't need a car. That's a huge yearly spending reduction.
He thinks you mean 11K/year, and you think he means 100k/year. Just trying to help out... :)
Yeah, as the other person pointed out, I was pointing to the 11K per year comment. Maybe a typo?
NYC or Manhattan?
In the US? That's less than the legal minimum wage
Not if you don't/can't work full time.
Doing what?
Not in NYC, that leaves you with hundreds of dollars a month after rent if you’re lucky.
I made 70-90k in Boston and had nothing left for savings if I dared to eat out once a week.
Not if you live in Manhattan. Housing alone there is stupidly expensive.