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Old 06-04-2017, 12:17 PM
 
30 posts, read 17,765 times
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I've seen on numerous threads people talking about the economy in certain areas is bad because most of the jobs are low paying. What do you people consider low paying? Stop for a moment and think. Retail, food service and hospitality jobs should never be counted in these figures. Every city and area has these and most pay around minimum wage. The majority of residents do not hold these jobs. The vast majority of residents are instead only serviced by these people. It has been my experience that most non-retail/hospitality/food service jobs pay an average of $13 an hour or more. That is not low paying. That is a medium wage and believe it or not a family can survive on that if they live within their means and stop trying to live like kings.
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Old 06-04-2017, 12:33 PM
 
4,485 posts, read 2,668,709 times
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Depends on context.

On one hand, anything in the bottom third (or whatever) could be called low-paying. (Median household income for metros must range from two to four times the $27,000 you're talking about.)

For an individual, low-paying is subjective, but it might mean a job where it's hard to scratch by give local rents etc. Or in an expensive city, a job where it's hard to scratch by even with a roommate, no car, no kids, and no debt. Retail and service jobs are often in this category.

It sounds like you're talking about local economies though. Some cities rely way more on service jobs than others -- tourism, clerical back offices, warehousing of the non-union variety, etc. Local economic development councils obsess about getting above this stuff -- headquarters, higher-paid tech, anything concerning innovation that could grow with time, eds and meds (to the extent they pull dollars from elsewhere while cutting the outflow from your area), etc.
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Old 06-04-2017, 12:49 PM
 
30 posts, read 17,765 times
Reputation: 33
Quote:
Originally Posted by mhays25 View Post
Depends on context.

On one hand, anything in the bottom third (or whatever) could be called low-paying. (Median household income for metros must range from two to four times the $27,000 you're talking about.)

For an individual, low-paying is subjective, but it might mean a job where it's hard to scratch by give local rents etc. Or in an expensive city, a job where it's hard to scratch by even with a roommate, no car, no kids, and no debt. Retail and service jobs are often in this category.

It sounds like you're talking about local economies though. Some cities rely way more on service jobs than others -- tourism, clerical back offices, warehousing of the non-union variety, etc. Local economic development councils obsess about getting above this stuff -- headquarters, higher-paid tech, anything concerning innovation that could grow with time, eds and meds (to the extent they pull dollars from elsewhere while cutting the outflow from your area), etc.
Median means an equal number above and below. I don't know anywhere that has median income of near $100,000
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Old 06-04-2017, 01:17 PM
 
4,485 posts, read 2,668,709 times
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I stand corrected. I thought San Francisco was at that level but its median household income was $88,500 in 2015.
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Old 06-04-2017, 02:31 PM
 
Location: Downtown Phoenix, AZ
18,927 posts, read 6,865,187 times
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To me, if a market rate one bedroom isn't less than one weeks gross pay(before taxes and benefits), the job is low paying
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Old 06-04-2017, 03:16 PM
 
7,704 posts, read 4,564,490 times
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I'd say under 30k is low-paying. High-paying starts close to 100k.
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Old 06-04-2017, 03:33 PM
 
21,188 posts, read 30,366,193 times
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Quote:
Originally Posted by mhays25 View Post
I stand corrected. I thought San Francisco was at that level but its median household income was $88,500 in 2015.
And Median Household Income refers to at least two or more individuals in most instances. Per Capita Income is the proper measuring stick, and for SF that number is 46K (2015 number).
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Old 06-04-2017, 04:46 PM
 
4,485 posts, read 2,668,709 times
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It's useful, sure. But I specified median household income because that's most relevant to affordability.
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Old 06-04-2017, 07:29 PM
 
Location: DFW
6,800 posts, read 11,770,558 times
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Any job that pays, after taxes, less than 3 times the average rent for a 1 bedroom apartment in your metro area.

The pay isn't that important; it's what that money can buy that counts. And rent/housing is usually the biggest expense for most of us.
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Old 06-04-2017, 11:09 PM
 
4,485 posts, read 2,668,709 times
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Housing is a big component, but it matters what you make relative to the other 2/3 you spend also.
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