Friday, February 06, 2009

New Yorkenomics

A recent report released by the Center for an Urban Future found that a person living in New York City would have to make $124,000 a year to have the same standard of living as someone living in Houston. They would have to bring home $60K to mirror the same lifestyle of someone in Atlanta. And with the average monthly cost of rent exceeding $2,800 and the average monthly cost of daycare reaching $2,000, it’s easy to see why more and more middle class families are leaving the Big Apple.

And that is the main reason my wife and I packed our bags and headed back to the west coast.

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