NYC is expensive as hell—that’s no secret. But when you look at the data, it’s quite frightening to realize how much analysts suggest you should be making in order to live comfortably in some of NYC’s trendiest neighborhoods. For example, according to data from the Architectural Digest Reviews Team, people should be making a yearly salary of $170,000 in order to live agreeably in Williamsburg.
Architectural Digest analyzed the cost of living in 14 of the trendiest cities in America, which they describe as often having a higher-than-average cost of living and soaring rent, all the while lacking simple amenities like a washer and dryer, parking space and so on. But the price for proximity to hip happenings is steep, and one we’re apparently willing to pay.
In fact, Williamsburg was found to require the highest salary out of any of the trendy cities analyzed, with a weekly living cost estimated at $251. Residents can expect to spend 18% of their monthly salary on social costs. In comparison, at least they wouldn’t be allocating 31% of their median monthly rent on social costs like they would need to if they lived in Wynwood, Miami.
The analysis takes into consideration that the resident would be going to an entertainment venue once a week, an art venue once a week, dining out and buying coffee five times a week, and buying a cocktail twice in a week. Architectural Digest used Yelp to compare the highest rated, restaurants, entertainment venues, coffee shops and more, while using Zillow to find average monthly rent for a one-bedroom apartment and the U.S. census to discover median earnings.
Other cities analyzed include South End, Boston ($163,920/year), Greenwich Village, New York City ($160,000/year), Mission District, San Fransisco ($155,320/year), Venice, Los Angeles ($140,000/year), Logan Circle, Washington D.C. ($107,000/year), Wynwood, Miami ($97,200/year) and beyond. See the rest for yourself here.