Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No, this survey looks at people who "WORK" there, not the ones who live there.
Um... No, it doesn't
"Equivalent to nearly $147,000 per year, average weekly pay for Manhattan residents shot up 16.7 percent from the same period of 2006, maintaining its spot as the wealthiest county in the United States."
Read my posts again. I never made that claim, therefore I feel no need to produce such evidence.
You are the one who first claimed NY County (Manhattan) was the most wealthy, which has since been disproved and now you want to assert that NYC as a whole has the most millionaires. I'm still waiting for your data and source, please.
No, it is not safe to make that assumption. Income (cash) is just one aspect of a person’s overall wealth. Most wealthy people have other assets (stocks, bonds, mutual funds, partnerships, real estate holdings, businesses, insurance policies, retirement accounts, pensions, etc.). Just because a lot of people in NYC earn $200K plus a year doesn’t mean that those people are millionaires or that they own very much by way of assets. Also, a lot of millionaires have an AGI of less than $200,000 after all of the deductions they are able to claim. So one could have an AGI of $100,000 or less, but have a net worth of $5 million depending on their other assets. Warren Buffet is the perfect example. He only earns about $100K a year, but he's worth about $53 billion.
Likewise, one could have an AGI of $200K or more, but zero net worth because their debts are equal to or greater than their assets. There are a lot of young guys on Wall Street making $200K a year with absolutely nothing to their names except a mountain of credit card debt.
The money wouldnt do you much good, unless you stayed out of New York City. Those who work in New York City but live and spend money outside the large city the majority of the time.... living rich? At the moment yes, but I wouldnt be surprise if soon to come New York (City or State) have to come up with a shutdown. I'm not saying they are, but if they did I wouldnt be surprise.
Funny. Ooooh, the wonderful New Yorkers make an average of $2,800 per week! Oooooh. Well, I have a very nice 2 BR townhouse for $650/mo. Same thing would cost, what, $2,500/mo in NY? Give me a break.
Funny. Ooooh, the wonderful New Yorkers make an average of $2,800 per week! Oooooh. Well, I have a very nice 2 BR townhouse for $650/mo. Same thing would cost, what, $2,500/mo in NY? Give me a break.
Townhome in NY for $2500? Try $65,000 a month.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
