coming from the combat zone of suburban nyc, if you read the article of what they are considering for manhattan it is not over the top. the average two bedroom closet is about a mil, a decent dinner for two is a c note, private school for kids (mandatory in 90% of nyc due to the liberal siege of the public school sysytem) is between 5,000 and 20,000 dollars, every time you cross a bridge its eight bucks, parking in manhattan is thirty bucks, yankees and mets tickets for box seats are a hundred, and the subway ain't a nickel anymore, etc. etc., my real estate taxes are 14Gs a year and i live in a four bedroom house, start doing the math ladies and gents.
The Forbes article states 483k is needed "after" taxes for NYC living.
The Gothamist blog was talking about the article and said this would mean a 900,000 a year pre tax income would be needed.
I know how astronomical NYC and near by areas are but still the places they picked for their imaginary family seem well beyond "comfortable":
Net Income After Taxes $483,800
Primary Home Cost $3,900,000
Vacation Home Location Hamptons, N.Y.
Vacation Home Cost $1,900,000
;-)
Bump from the NYC bedroom community.
Wow I don't feel so bad anymore. Sometimes it's annoying living on Long Island. I don't know how some people make it in NYC.