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View Poll Results: Is 100k a large salary for Long Island?
Yes 42 25.93%
No 120 74.07%
Voters: 162. You may not vote on this poll

 
 
Old 04-10-2011, 11:00 AM
 
7,658 posts, read 15,969,329 times
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I'd be curious to see what folks think about earnings and buying power on LI.
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Old 04-10-2011, 11:14 AM
 
Location: Glen Head, NY
840 posts, read 2,020,783 times
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i cannot imagine surviving in a desireable area on less than $150k if you've bought anytime in the last 8-10 years so I will say no
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Old 04-10-2011, 11:16 AM
 
1,925 posts, read 3,451,599 times
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Are we talking about an individual person earning $100K with a job ON LI or living on LI earning $100K?
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Old 04-10-2011, 11:20 AM
 
929 posts, read 1,725,369 times
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I would say that yes, it is a lot of money. Just because so many people on Long Island don't make anywhere close to that each year.

I do agree with the above post, if I didn't make a great income I would seriously think about relocating. But, personal preferences aside, I think it is a lot of money for one person to make here.
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Old 04-10-2011, 11:23 AM
 
Location: Nassau, Long Island, NY
16,417 posts, read 27,431,839 times
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Talk to employment agencies on LI and see how many jobs they have that are offering $100K and up. Look at all the websites with jobs on LI and see how many listings they have for jobs that are offering $100K and up. Now you tell us how common the $100K jobs are on LI. I would say the more common the jobs are, the less likely it is a "large" salary for this area.
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Old 04-10-2011, 11:28 AM
 
7,658 posts, read 15,969,329 times
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Quote:
Originally Posted by Jetties View Post
Are we talking about an individual person earning $100K with a job ON LI or living on LI earning $100K?
Salary not Salaries
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Old 04-10-2011, 11:52 AM
 
1,925 posts, read 3,451,599 times
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Quote:
Originally Posted by Crookhaven View Post
Salary not Salaries
My question this: Is the person earning the salary at a job ON LI or are you asking if $100K is a large salary for someone living on LI (they might work in the city, NJ or CT)?
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Old 04-10-2011, 11:58 AM
 
257 posts, read 612,229 times
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I replied "NO", but I do think several factor need to be considered. 100k for a single person could be nice and comfortable. But a standard family of 4, out of the question.
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Old 04-10-2011, 12:16 PM
 
739 posts, read 1,527,758 times
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Look at property taxes. If you find a house with $12k in property taxes, that's $1k per month out the door before you do anything. Add in a mortgage, insurance, transportation costs... A single person can do it but with a family it will be tricky.
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Old 04-10-2011, 12:33 PM
 
Location: Huntington
1,096 posts, read 2,920,381 times
Reputation: 686
A single person, as said before, no problem. At all.

A childless couple, still no problem.

Once the kiddies arrive on the scene, uh-oh. Nowhere near enough - kids cost plenty - last time I heard recently, raising a child from 0 - 18 years old costs $250K. This doesn't include college costs.
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