middle class in long island?? (Levittown, East Meadow: house, buy, incomes)

[tlinenbroker]

I am from st. louis and thinking of moving to long island. I am trying to figure out what the middle class income is for a couple to live in this area.
Can anyone help me with this???

[Crookhaven]

Originally Posted by tlinenbroker

I am from st. louis and thinking of moving to long island. I am trying to figure out what the middle class income is for a couple to live in this area.
Can anyone help me with this???

Were Middle on around 125k-150k

Crooks

[thebobs]

Originally Posted by Crookhaven

Were Middle on around 125k-150k

Crooks

And sometimes that even isn't enough.


Taxes are your main killer here.

[Crookhaven]

Originally Posted by thebobs

And sometimes that even isn't enough.


Taxes are your main killer here.

Sad but true.

Crooks

[RiddleMeThis]

Depends on where you live, but I'd agree with a bottom figure of $125K. Also depends on the size of your family, etc.

[llama8]

No less than 100K...but probably closer to 125-150k for solid middle class.

[rocafeller05]

Yeppers....115-150k = middle class

[fitz123]

these are very interesting answers from the people who responded before me. Take these as examples as listed on citydata.com for these specific towns. This is 2007 median income, but i don't think wages have changed that much in the last 2 years. This is why housing costs too much in our area.

First lets take some places considered upper class or middle upper class:

Garden City:$129,850
Rockville Centre $98,900
Jericho $126,486
Woodbury $152,869
East Hills $186,626
East Williston $136,002

Now lets take some normal middle class towns:

Bethpage $87,467
Wantagh $104,597
mineola $75,667
Lynbrook $77,745
New Hyde Park $76,763
Massapequa $104,460
Levittown $87,156
East Meadow $83,743
Oceanside $94,380


Since this is Median, that mean 50% of the households in each of these towns have incomes less than each of the given figures. It means people think everyone is making much more then they really are.

[RiddleMeThis]

Originally Posted by fitz123

these are very interesting answers from the people who responded before me. Take these as examples as listed on citydata.com for these specific towns. This is 2007 median income, but i don't think wages have changed that much in the last 2 years. This is why housing costs too much in our area.

First lets take some places considered upper class or middle upper class:

Garden City:$129,850
Rockville Centre $98,900
Jericho $126,486
Woodbury $152,869
East Hills $186,626
East Williston $136,002

Now lets take some normal middle class towns:

Bethpage $87,467
Wantagh $104,597
mineola $75,667
Lynbrook $77,745
New Hyde Park $76,763
Massapequa $104,460
Levittown $87,156
East Meadow $83,743
Oceanside $94,380


Since this is Median, that mean 50% of the households in each of these towns have incomes less than each of the given figures. It means people think everyone is making much more then they really are.

I've looked at scores like this from around the country from time to time and I always pretty much add at least 50% to the figures. I live in Garden City and I can assure you there aren't many people here who make less than that median income. When the cheapest house is $650K and the cheapest taxes are $15K a year, it really makes you wonder who's answering these questions, and how they are formatted. For instance, in most surveys, the uppermost category when you are asked for a salary is "$100,000 and up".

[Walter Greenspan]

.
.
The income statistics average together those who have owned a house for, say twenty years, and those who bought a house within the last 5 years, and therefore underestimate the income needed to currently buy a house in that city, village or hamlet..
.
.