Sunday, February 8, 2009

Report from the Middle

Taking into consideration expenses like rent, phone bills and commutes, New Yorkers need to pull down $123,000 in annual salaries to have the same standard of living as someone making $50,000 in Houston. The Big Apple may be the worst -- but the price of middle class living in other cities might surprise you.

What Does It Take to Be Middle Class?
posted: 10 HOURS 11 MINUTES AGO

(Feb. 7) - Enjoying a comfortable life in New York City comes with a much higher price tag than it does in any other American city -- In fact, Big Apple residents need to have salaries well into the six figures to even be considered "middle class," a new study finds.
The study released by the Center for an Urban Future compares the cost of living in Manhattan to other major cities -- and the results are staggering.

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