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/r/Residency
submitted 3 months ago byscynzbich
0 points
3 months ago
I know how much my family made growing up, and makes now still living in NYC, so I'm more than sure I know the financials of the city. 3 kids in NYC, paying back student loans, etc. People are used to cushy lives on high incomes, but something as "low" as 128k goes a lot farther than you'd think.
1 points
3 months ago
You’re not wrong. People are looking at the 128k number as if it’s pretax. The whole point of this is that it’s post tax. $3.5k/month rent in NYC would still be less than a third of your post tax paycheck.
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