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» Are these income levels accurate? Do you make the median?
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post 1665082153 07-27-2022, 06:54 PM
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Are these income levels accurate? Do you make the median?

https://www.justice.gov/ust/eo/bapcp...come_table.htm

Does the misc make this data is correct?
post 1665082293 07-27-2022, 06:57 PM
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yes i can confirm the income levels are accurate
It is the current year.
post 1665082683 07-27-2022, 07:02 PM
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Yes. I believe the way it works to calculate it is they look at the distribution of the total number of households and families including those with no income.Median household income is the income cut-off where half of the households earn more, and half earn less, and in this case, compared across the whole state for each. Theaverageon the other hand will consequently be a lot higher because it gives more weight to those making like $400k+.

That said, my base pay is double the OP's link's single earner median for my state. If you count the bonuses / overtime it's probably 2.8-3x that.
post 1665083063 07-27-2022, 07:10 PM
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Originally Posted By Anachron
Why are we looking at these poverty numbers again?
Gives you better insight of what rentcels can actually afford for rent.
post 1665083473 07-27-2022, 07:15 PM
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I incomemog families of four as a single earner

Brutal
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post 1665083623 07-27-2022, 07:17 PM
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Louisiana, 4 people in my home, making around 220-230k


But according to misc, I went to the store and never came home. lol
I loe e.
post 1665083993 07-27-2022, 07:23 PM
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My household income is about 4x the provincial median rn
post 1665084063 07-27-2022, 07:23 PM
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current state: making double of one person median (total comp. so bonus and pension).

New job/state: slightly less, like 1.85x one person median income. but much more overall, and a stepping stone to be a baller (initial people management role)

this is also a fun one:https://dqydj.com/income-percentile-by-age-calculator/
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post 1665084413 07-27-2022, 07:28 PM
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Originally Posted By Anachron
Is going to the store dangerous?
No, lol
I loe e.
post 1665084623 07-27-2022, 07:33 PM
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If you’re not making multiples of the median income in your state it’s already over
post 1665084683 07-27-2022, 07:35 PM
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Actually shocked by hawaii numbers


I get why property market is so high there, but outside of tourism and military there’s like zero industry. If you work in a restaurant or doing some blue collar labor work on the big island just don’t see it paying much yet median family of 4 makes 125k, that’s a very high median number
post 1665084793 07-27-2022, 07:36 PM
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Originally Posted By MuscleXtreme
https://www.justice.gov/ust/eo/bapcp...come_table.htm

Does the misc make this data is correct?
Our family income is close to $350K for a family of 3 and we are like the poor folk in California.

Some guy on here posted I’m on food stamps. Just lol. I live in a house worth $2 million and our mortgage is $200K. How would I even qualify for food stamps?
post 1665084973 07-27-2022, 07:39 PM
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Originally Posted By meanstringbean
If you’re not making multiples of the median income in your state it’s already over
i agree if I had more courage i would've killed myself. I would love to end it at this point. I truly don't want to live, especially with comments such as the one you made now to further convince myself that I'm a worthless piece of chit, but I can't do it. this life is too tormenting. thanks for the demotivation though.
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post 1665085023 07-27-2022, 07:41 PM
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Originally Posted By GaloisTheory
I incomemog families of four as a single earner

Brutal
This. As a tradie.
post 1665085243 07-27-2022, 07:43 PM
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According to that table, I'm a family of 8.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1665085403 07-27-2022, 07:45 PM
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Originally Posted By DustinTheHuss
Our family income is close to $350K for a family of 3 and we are like the poor folk in California.
post 1665085543 07-27-2022, 07:48 PM
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Would love to see net worth numbers, since it’s not about what you make but what you keep


Probably even worse tbh
post 1665085653 07-27-2022, 07:48 PM
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I once made a thread saying my buddy is making USD600k in NYC and the misc all chimed in and said that is nothing in NYC and he'd be living pay check to pay check.

According to this the average salary there is 63k?

Edit: I guess this is the state but even with a quick google search avg in NYC is 69k
post 1665085713 07-27-2022, 07:49 PM
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Originally Posted By notbadnotbrad
I once made a thread saying my buddy is making USD600k and the misc all chimed in and said that is nothing in NYC and he'd be living pay check to pay check.

According to this the average salary there is 63k?
Lol
post 1665085733 07-27-2022, 07:49 PM
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If I lived in puerto rice yes. I live in san diego though so just a bit shy.
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post 1665086803 07-27-2022, 08:10 PM
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Originally Posted By notbadnotbrad
I once made a thread saying my buddy is making USD600k in NYC and the misc all chimed in and said that is nothing in NYC and he'd be living pay check to pay check.

According to this the average salary there is 63k?

Edit: I guess this is the state but even with a quick google search avg in NYC is 69k
The average in NYC might be higher because of a bigger concentration of very high earners but it’s tough to say how the stats would crunch out

Always fun to mention the Wood Buffalo (Fort Mac) area in Alberta where the median household income right now is $175k. If you make $350k there, you’re just at the higher end of middle class relative to the local population
post 1665089543 07-27-2022, 09:00 PM
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Originally Posted By MuscleXtreme
https://www.justice.gov/ust/eo/bapcp...come_table.htm

Does the misc make this data is correct?
I make more than a family of 4 in my state. According to that chart at least.
post 1665091523 07-27-2022, 09:37 PM
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you're either 1% income or you're not
post 1665104513 07-28-2022, 06:57 AM
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Originally Posted By notbadnotbrad
I once made a thread saying my buddy is making USD600k in NYC and the misc all chimed in and said that is nothing in NYC and he'd be living pay check to pay check.

According to this the average salary there is 63k?

Edit: I guess this is the state but even with a quick google search avg in NYC is 69k
Lol that’s misc for you


Though there are plenty of people making under 100k in NYC living there and I don’t know how they do it , even if you plan on saving nothing.

I have friends with HH incomes in that city similar to yours and they complain about COL all the time
post 1665104823 07-28-2022, 07:04 AM
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I'm a little shy of the median in NY for four people. Guess my tour is over
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post 1665116443 07-28-2022, 10:14 AM
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Originally Posted By meanstringbean
Would love to see net worth numbers, since it’s not about what you make but what you keep


Probably even worse tbh
Closest I could find in 30 seconds of googling.

https://www.forbes.com/advisor/inves...age-net-worth/

Average: $746,820
Median: $121,760
post 1665116803 07-28-2022, 10:21 AM
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Originally Posted By meanstringbean
Actually shocked by hawaii numbers


I get why property market is so high there, but outside of tourism and military there’s like zero industry. If you work in a restaurant or doing some blue collar labor work on the big island just don’t see it paying much yet median family of 4 makes 125k, that’s a very high median number
Hawaii makes a lot of its money from individuals that don’t stay, but own real estate there. There is a pretty big disparity between the rich and the poor in Hawaii
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post 1665117413 07-28-2022, 10:32 AM
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As a state, probably accurate yes....but for example Georgia is probably offset a lot by Atlanta and conversely by small bum-fuk towns..... as I'm sure is the case with many other states. The area of GA I live in has an average HOUSEHOLD income of like $47k and the average 1 person income is like $26k.

I was in an even smaller town for work about 6 years ago and the average household there was in the $30's.....but the cost of living was cheap as chit.

Vs Atlanta where I know several people (from college) making between 70-90k and still have roommates in their early 30's
post 1665118023 07-28-2022, 10:44 AM
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Originally Posted By MuscleXtreme
Closest I could find in 30 seconds of googling.

https://www.forbes.com/advisor/inves...age-net-worth/

Average: $746,820
Median: $121,760
Yeah net worth is skewed even harder than income since ability to accumulate assets grows exponentially as income increases above costs for the basics

Many people have very little in net worth, and then you have the top %ers who own a massively disproportionate amount of the assets and who see outsized gains through asset appreciation while those who can't accumulate assets fall further and further from the top


We need less concentration of wealth in the upper %s, the inequality is obscene
post 1665118193 07-28-2022, 10:48 AM
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Median income has too many other metrics. If you break down individuals, you find that median age is different for each race, there is a few, to several thousand, difference between individuals. Keep in mind that the average does not show the extremes until you break them down into individual form

This is why I don’t like household income statistics. It’s misleading. Instead, look at individuals, their age, their race…it shines a better light on where you are
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