Why use the median wage nationally, when almost everyone living in NY benefits from higher wages there? Even the jobs which require no skill and no work experience pay $15/hr
Crazily enough, the median household income in New York City isn’t significantly different than the national average. In 2017 it was about 1k lower than the nation, and in 2018 it was 2k higher. The mean income in NYC is of course a fair bit higher than the national average, but in general that higher minimum wage doesn’t mean that people in NYC make much more than anyone else in the US, despite the significant cost of living there.
> Crazily enough, the median household income in New York City isn’t significantly different than the national average. In 2017 it was about 1k lower than the nation, and in 2018 it was 2k higher.
Median household income and median wage (or, alternatively, the former and median personal income, which isn't quite the same thing as median wage, but closely related) are not the same things. Of course, this thread has gone from one person mentioning mean wage and salary income to the response discussing median wage as if it were the same to the response to that discussing median household income as if it was the same.
Exactly. $15/hr with $2k/mo of rent is entirely unaffordable (that would mean $2,400/mo in wages, or 80% of total pay). And that’s less than half the median wage nationally.
That makes the argument that NYC is unaffordable even stronger.
> Median wage in ny was 68k according to the US census bureau (2015-2019).
That seems to be what the Census Bureau has for median household income for New York State for that period; I can't find any Census Bureau report for median wage for NYC, and that number doesn't match any Census Bureau reported income & poverty measure for New York City.
