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Here’s where Big Apple salaries rank among the country’s top cities
Big earners generally live in high-cost-of-living areas
New Yorkers are among the highest earners in the country. Which, it should come as no surprise, happens to line up with higher costs of living.
New York City’s average household income was was the fourth-highest in the nation in 2017 at $110,814, Business Insider reported.
At the top of the list was San Francisco, with an average household income of $140,720 and some very expensive real estate.
Washington, D.C., and Boston also had higher average household salaries than the Big Apple.
Among the 30 largest metropolitan areas in the country, 19 cities recorded average household incomes above the national average of $84,525 a year. Nine cities had incomes that cracked six figures.
In New York City, workers need to earn an average of $103,000 per year in order to be able to afford a home. In San Jose, it’s $270,000. [Business Insider] — Rich Bockmann