That’s on the low end out here. 4-5 is not uncommon for a studio in the City. Some HOA fees are also almost a thousand dollars, at times more. People are always shocked by hearing how much some people make out here, but many are broke. Rent is 2-4 times higher for 2-4 times less space and amenities, everything’s more expensive, taxes out the ass for everything, and we have poop in the streets. We even have low wage workers taxes of 10-15% on top of tips and tax and all else at some restaurants. Keep in mind we have a $16+ minimum wage.
Most people here are either completely broke or obscenely wealthy. There’s very little in between. The ‘average’ wage numbers are skewed by the folks making $500k-1mil and up too. A lot of people are grandfathered in here and can’t move because they couldn’t afford to live anywhere here otherwise.
That’s on the low end out here. 4-5 is not uncommon for a studio in the City. Some HOA fees are also almost a thousand dollars, at times more. People are always shocked by hearing how much some people make out here, but many are broke. Rent is 2-4 times higher for 2-4 times less space and amenities, everything’s more expensive, taxes out the ass for everything, and we have poop in the streets. We even have low wage workers taxes of 10-15% on top of tips and tax and all else at some restaurants. Keep in mind we have a $16+ minimum wage.
Most people here are either completely broke or obscenely wealthy. There’s very little in between. The ‘average’ wage numbers are skewed by the folks making $500k-1mil and up too. A lot of people are grandfathered in here and can’t move because they couldn’t afford to live anywhere here otherwise.