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Old 01-31-2017, 12:38 PM
 
Location: Downtown & Brooklyn!
2,122 posts, read 1,309,145 times
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It's definitely not an easy place to live, but it's also not as hard as some people think. As long as you're fine with giving up some space and amenities, and also getting some roommates and living in a less trendy area.

You can even get lucky sometimes and find a good deal in a cool neighborhood. It happened to me. I live in Williamsburg on a similar budget and I'm fine. I'm also still in my first half of my 20s though
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Old 02-02-2017, 01:42 PM
 
Location: Jacksonville, FL
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The NYC metropolitan area (not even the CSA) has a population of about 20 million. That's equivalent to the entire state of Florida and half of the entire state of California! If the NYC metro area was a state, it would be tied with Florida for the 3rd most populous state in the nation!
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Old 02-02-2017, 01:48 PM
 
Location: Los Angeles
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Interesting to note, however, that in terms of per capita income, 5 of the 10 richest counties in America surround Washington DC. Your tax dollars at work.
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Old 02-02-2017, 02:23 PM
 
Location: Jacksonville, FL
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Per capita is a terrible measure of income. I prefer median household income, which protects against skews and outliers.
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Old 02-02-2017, 02:45 PM
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Location: Long Island / NYC
45,989 posts, read 41,979,923 times
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Quote:
Originally Posted by nep321 View Post
Per capita is a terrible measure of income. I prefer median household income, which protects against skews and outliers.
I chose per capita so that the rich do add in the measure of "wealth"
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Old 02-02-2017, 04:06 PM
 
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The counties with the highest median incomes tend to be far-flung suburban/exurban counties with little income or housing diversity (i.e. virtually all middle to upper income people in SFHs).

Hence Loudoun County VA is "wealthier" than Montgomery County MD or Fairfax County VA. Suffolk County NY is ahead of Westchester NY or Fairfield CT etc.
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Old 02-02-2017, 07:29 PM
 
1,830 posts, read 1,253,759 times
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Quote:
Originally Posted by nei View Post
I chose per capita so that the rich do add in the measure of "wealth"
Mean household income may be better, but that is just my opinion. I think an issue with per capita is that it includes minors (the vast majority of which do not work) and retired seniors, both groups being much more common in some parts of the nation than others (even between metros percentage wise).
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Old 02-08-2017, 08:50 AM
 
Location: New York
33 posts, read 17,285 times
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Quote:
Originally Posted by That_One_Guy View Post
NYC is one of the wealthiest cities in the entire world. It is also the economic and financial capital of the US + the world, among many other things. Compared to any other city it's going to be way wealthier.
Agreed 100%. New York is a city that everyone knows about because of this reason.
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Old 02-08-2017, 12:20 PM
 
Location: BMORE!
7,742 posts, read 6,146,579 times
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Quote:
Originally Posted by JustMike77 View Post
Interesting to note, however, that in terms of per capita income, 5 of the 10 richest counties in America surround Washington DC. Your tax dollars at work.
We also have to acknowledge that one of those counties is in the Baltimore area.
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Old 02-08-2017, 12:36 PM
 
Location: Jacksonville, FL
11,145 posts, read 14,126,475 times
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Quote:
Originally Posted by nei View Post
I chose per capita so that the rich do add in the measure of "wealth"
Alright. I guess it just depends on what you are trying to analyze. I guess per capita is a better measure for evaluating overall wealth. Median income is better for getting an idea of what most people/households are like in a given area.
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