And presumably other high rent areas.
Google tells me, in NYC, the average salary is $69k (seems low but that’s what it says). The same tells me that the average rent is ~3.7k/month.
After taxes insurance etc, net salary would be somewhere in the upper $40k range. Let’s say $49k for fun.
Average rent would be $44k over a year.
With other prices in NYC being what they are, how do people live on $5k? Even a few roommates deep this isn’t adding up to me.
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The problem you’re having is that you’re only looking at averages while also assuming everyone who works in NYC actually lives in NYC. If you can only afford $500 each month for rent, you can easily find a place with roommates outside of NYC in a place like Jersey City, or another suburb.
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