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Old 02-20-2003, 09:12 AM
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96C220 96C220 is offline
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Join Date: May 2001
Location: Hamilton, NJ
Posts: 367
Hey this is NJ

2nd highest cost of living in the country. 2nd highest percent of income paid to taxation. Only second to NYC of course.

Actually I was reading an intresting study the other day. I am a financial analyst and this came across my desk.

Apparently the standard for "affluent lifestyle" is what they call 100,000 / yr dollars in "lifestyle buying power".

They did a study and found out what that equated to in terms of nominal income in various parts of the country.

The results were pretty amazing:

NYC = 223,000 / yr
NJ - 184,000 / yr
San Franscisco bay area 177,000 /yr

So on the high end you need 1.8 to 2.2 times the income to live the same level of lifestyle in these areas.

In the middle suprisingly was Los Angeles at 103,000 / yr

The south east and Southern Mid west was the cheapest.

Jacksonville FL = 79,000 / yr
Dallas TX = 72,000 / yr
Atlanta GA = 68,000 / yr

So amazingly 68,000 a year median income gives you the same lifestyle buying power as 184,000 a year does here.

Economically the country is extremely divided in terms income and cost of living.

I once had a friend who right of college decided to take a job she was offered in Richmond VA for a 32,000 / yr salary. Now at the time I didnt quite understand the whole aforementioned relationship, and I was adamant that she was nuts and was going to starve or live in basically poverty-like conditions. This area really does leave you jaded as far as cost of living.

Take care,
George Androulakis

Former Mb's:

1990 500sl R129 - 76k Original Miles - New project - Follow the saga
1990 190E 2.6 148k mi (sold)
1989 420 SEL 246k mi (sold)
1995 C220 175k mi (sold)
1992 190e 2.6 74k original miles (sold)
2000 c230 Kompressor 122k miles (RIP)
1996 C220 149k mi (sold)
2000 C230 Kompressor Sport 127k (sold)

Current Cars:

2009 Mercedes c300 4matic
2006 Mercedes s430
2005 Jaguar XJR
2003 Cadillac Escalade
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