REAL ESTATE
NYC residents are more likely to live paycheck to paycheck: Report
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A recent report sought to fi nd out which
cities in the United States are really living
paycheck to paycheck.
A new report from Clever took a look
at bi-weekly wages in America’s major cities
to determine which areas were the best
and worst for saving money. According to
their fi ndings, the average American with
a bi-weekly pay has less than $140 left over
aft er each paycheck.
One of the cities that has many people
living paycheck to paycheck is New York
City. According to the study, the average
New Yorker does not earn enough to cover
all of their expenses.
Th e average New Yorker earns an average
of $2,949.27 bi-weekly, and aft er income
tax that number goes down to $2,721.79.
Aft er paying off what they can with this
income, the report found that New Yorkers
would still owe an additional $109.44.
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
WHITESTONE LONG ISLAND CITY JAMAICA ESTATES FOREST HILLS
Under $500,000
166-25 Powells Cove Blvd. Unit 12G,
Beechhurst
$489,000
Co-Op
2 bedrooms, 2 full bathrooms
Joanne Goode, Lovett Realty Inc
$500,000 - $900,000
160-17 78th Road, Fresh Meadows
$899,000
1 family colonial
4 bedrooms, 3 full bathrooms
Ahasan Haque, United Prestige
$900,000 +
60 Malba Dr., Whitestone
$5,499,999
1 family colonial
7 bedrooms, 7 full and 1 half bathrooms
Jennifer Pugliese, Daniel Gale Associates
Inc
Under $500,000
42-10 48th Ave. Unit 7F, Woodside
$489,000
Co-Op
2 bedrooms, 1 full bathroom
Caryl Schiff , Scott Cooper, REALTOR
$500,000 - $900,000
23-07 35th St., Astoria
$899,000
1 family ranch
2 bedrooms, 1 full bathroom
Aaron Busuttil, Keller Williams
Landmark II
$900,000 +
5-45 47th Road, Long Island City
$2,600,000
2 family colonial
4 bedrooms, 2 full bathrooms
Luz Lopez, Century Homes Realty Group
LLC
Under $500,000
120-22 Marsden St., Jamaica
$500,000
1 family colonial
4 bedrooms, 1 full bathroom
Osmar Reis, My Borough Realty LLC
$500,000 - $900,000
139-14 87th Dr., Briarwood
$895,500
2 family colonial
5 bedrooms, 3 full bathrooms
Satyanand Arjun, Arjun Home Realty
Corp
$900,000 +
176-28 Kildare Road, Jamaica Estates
$3,395,000
1 family colonial
4 bedrooms, 4 full and 2 half bathrooms
Solomon Davydov, Exit Realty First
Choice
Under $500,000
92-13 76th St., Woodhaven
$500,000
2 story, 2 family
4 bedrooms, 3 full bathrooms
Andy Baez, Surrey Place Realty Inc
$500,000 - $900,000
163-54 96th St., Howard Beach
$899,000
1 family HI ranch
3 bedrooms, 2 full bathrooms
Bibi Nesa, Valley National Homes Inc
$900,000 +
70 Greenway South, Forest Hills
$3,325,000
1 family tudor
7 bedrooms, 5 full and 2 half bathrooms
Vesna Denic Gmerek, Halstead Forest
Hills LLC
According to Clever’s analysis, the
expenses in New York City are much higher
compared to the national average. In
the United States, $301.81 are allocated
towards housing and utilities; in New York
City, that price jumps up to $454.25 per
paycheck. New Yorkers also spend the
most per paycheck on transportation, paying
$160.76 compared to the United States
as a whole, which pays $115.66.
While New York City is pretty close
to the national average for biweekly grocery
money (spending $126.47 compared
to the national average of $117.96), the
city was also among the highest spenders
for non-recreational goods and services,
such as clothing, shoes, and personal
care products. Th e city puts up a whopping
$1,157.24 biweekly to meet these
needs. Bi-weekly healthcare expenses for
New Yorkers is also on the high side, with
city residents paying $324.84 per paycheck
compared to the country as a whole paying
$276.58.
Read the full report at listwithclever.com. Photo via Getty Images
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