Is 170 000 a good salary?

According to the U.S. Census Bureau, about half of all U.S. households earn $65,700 or more per year. In some parts of the country, an annual household income of $94,750 is enough. In others, a minimum household income of over $170,000 is required to rank among the highest earners.

What percentage of us makes over 150k?

In 2020, a little more than 54 percent of Americans had an annual household income that was less than 75,000 U.S. dollars….Percentage distribution of household income in the U.S. in 2020.

Can you live comfortably on $50k a year in NYC?

The Brooklyn resident lives on $50,000 a year — her salary at PEI — a portion of which goes toward paying off her student loans. That debt isn’t stopping her from making the most of her 20s. “I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins.

Is it worth it to live in New York City?

“Yes, it’s expensive, but there are places that you can live, especially for recent grads or young people or people on a budget, as long as you are balancing your money properly.” While rent is her biggest expense by far, “for me, it’s definitely worth it to live in New York City,” she adds. “There’s so much opportunity.

How many people live in New York City?

Judging by the fact that over 8 million people live in New York City, I’m guessing a good number manage to figure it out. Are all those people living beyond their means, accumulating credit card debt and living the high life for the opportunity to say ‘I’m a New Yorker’? After living in NYC for over ten years, I’ve come to learn that…

Why is New York’s cost of living so high?

Then there’s the issue of housing, which is by far the biggest contributor to New York’s high cost of living. Housing is a whopping 369\% higher than the national average in New York. The city’s property taxes are relatively low at 0.9\%, compared with the statewide average of 1.68\% respectively.