Wednesday, October 15, 2008

Levels of 'rich', varied by city

at USNWR (via WSJ):
To estimate household incomes for a "rich couple" and a "rich family," we divided average income in each quintile by the average size of a U.S. household—2.54 people, according to the census. Then we multiplied that number by two, for a childless couple, and by four, for a family.
Colorado Springs, Colo.–Couple, $207,472. Family, $414,943.

New York–Couple, $359,494. Family of four, $718,989.

Manhattan housing and parking costs are easily double the other four boroughs. And Felix Salmon was giddy enough to start this "Middle Class in Manhattan" debate with me (and not finish it).

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