[markjames68]

Originally Posted by StreetSmarts

and here i thought i was doing pretty decent financially - in my early 30s. what the hell do you guys do that make 150k?

Jonnn won't share his secrets to wealth but I am a tech industry executive.

[markjames68]

Originally Posted by StreetSmarts

This is true. But I know a ton of friends and acquaintances that have left FL for GA, NC, SC. When I lived in Asheville, I met tons of young folks that were from there and had no plans of moving away. In FL, hell, half the people on this forum voted they'd leave if they could. I have SOME friends from FL that I knew growing up that are still here, but not a ton. People move to and from FL... A LOT.

You could of course say the same thing about many other states. If the move to FL is based upon opportunity it can be great. If it's based upon 'I want to get away from snow' it's not such a good justification.

I know people who lived in Asheville, Charlotte and in the Triangle area and they moved as well - again, for opportunity.

[Spring Hillian]

You do realize that NYC is the most expensive city to live in the US?

Can of coffee: $6.14 - Average rent: $3,783 - Price of a home: $1.36 million - T-bone steak: $12.78
Trip to the beauty parlor: $68 - Dozen eggs: $2.89

Price differences NYC to Tampa:
In Tampa..........
Groceries27% less
Housing83% less
Utilities24% less
Transportation18% less
Health Care19% less

$150k in NYC is the same as $62,285 here.


If you live in NYC the income tax rates go up to 3.876%. Plus the federal taxes.

NY state has the highest electricity cost in the continental U.S., the 2nd highest car insurance rates.

A toll bridge from Queens to the Bronx is $6.50 each way.

The Cost of Living differences: $100k a year salary in NYC equals $41k in Tampa.

I dont know where u get the figures or what they are based on but Per capita money income in Manhattan is $32,010 a year. Not over $5 million.

In fact, 10274 is in midtown Manhattan. About 100 people LIVE in that zip code.

Again, good luck in NYC.

So, with no to little experience in anything but school you plan to earn $150k walking in the door?

Originally Posted by Jonnn

I'm 25 years old. There are seas of well-to-do 20somethings in NYC, hardly any in Florida. I'm sure there are quite a few 40somethings who make multiple times what I do in Florida, but just know that it's rare -- and there are stats to back that up.


http://www.irs.gov/uac/SOI-Tax-Stats...Code-Data-(SOI)

[markjames68]

Originally Posted by Jonnn

I don't ever plan on living in the suburbs, that's just not my style. I want my kids to grow up in Tribeca or the West Village. My uncle lives in Tribeca, and is in his late 40s with two teenage kids. Not exactly Donald Trump, but is obviously wealthy and have a driver and household help. His kids are at one of the best schools in the nation, and they have a nice beach house in Southampton and live an enviable lifestyle.

I think most people with no big budget constraints would much rather live in NYC than anywhere in FL. After all, some of the biggest names in business and popular culture live in NYC. You can't say the same for Florida.

Well, if you are working for your uncle, or are well-connected enough to get into the 7 figure club over the next 10 years you will easily be able to afford a nice place in TriBeCa, as they currently sell for $3-$4M.

Without knowing what your uncle does you may or may not be able to replicate his success. Does he work 80 hours a week? Still married? Does he spend much time in the Hamptons house with his kids? That's the true benchmark of quality of life - the balance of money, success and family time.

[markjames68]

Originally Posted by Spring Hillian

You do realize that NYC is the most expensive city to live in the US?

Can of coffee: $6.14 - Average rent: $3,783 - Price of a home: $1.36 million - T-bone steak: $12.78
Trip to the beauty parlor: $68 - Dozen eggs: $2.89

Price differences NYC to Tampa:
In Tampa..........
Groceries27% less
Housing83% less
Utilities24% less
Transportation18% less
Health Care19% less

If you live in NYC the income tax rates go up to 3.876%. Plus the federal taxes.

NY state has the highest electricity cost in the continental U.S., the 2nd highest car insurance rates.

A toll bridge from Queens to the Bronx is $6.50 each way.

The Cost of Living differences: $100k a year salary in NYC equals $41k in Tampa.

I dont know where u get the figures or what they are based on but Per capita money income in Manhattan is $32,010 a year. Not over $5 million.

In fact, 10274 is in midtown Manhattan. About 100 people LIVE in that zip code.

Again, good luck in NYC.

So, with no to little experience in anything but school you plan to earn $150k walking in the door?

actually, $150K in NYC is pretty common, especially in finance. Admin assistant jobs can pay close to that.

The challenge isn't getting the $150K job, it's moving to the $500K+ track. Not everyone has the skill, drive, connections or luck, and once you're out of your 20's with a family you really need to earn a lot more than 150K to live in NYC.

[Snoogler]

He thinks $150k is a decent wage in the city.

loooooooooooooooooool

Ohhhh you're in for quite a shock.

[sware2cod]

Originally Posted by Jonnn

I think most people with no big budget constraints would much rather live in NYC than anywhere in FL.

No way. Some people aren't 'city people' and would be unhappy in any city, regardless of money. I am one of them. It's a different lifestyle. I lived that lifestyle and couldn't wait to move away from the big city. I don't even like medium sized cities. NYC - no thank you.

[markjames68]

Originally Posted by Jonnn

I didn't say all, I said most.

London and New York rated most desirable cities for the rich in survey

It's obvious as New York & London have the biggest real-estate transactions in the world.

New York also has the most global appeal of any city.



'World

So you are reaching for that 'brass ring' salary of $150K and are already comparing yourself to a high net worth individual?

If you read the report you'll see that Mumbai and São Paulo are up and comers too. Do you have an uncle in either of those locations?

[markjames68]

Originally Posted by sware2cod

No way. Some people aren't 'city people' and would be unhappy in any city, regardless of money. I am one of them. It's a different lifestyle. I lived that lifestyle and couldn't wait to move away from the big city. I don't even like medium sized cities. NYC - no thank you.

Nothing like the smell of garbage on a hot summer's night combined with an oppressive cost of living, but it is fun for kids just starting out.

[Spring Hillian]

Originally Posted by markjames68

Nothing like the smell of garbage on a hot summer's night combined with an oppressive cost of living, but it is fun for kids just starting out.

How well I remember the smell of garbage. Especially on a hot hazy pick up day on the way to the subway. Then the smells on the subway were no bargain either.