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<p>The median household income in NYC is significantly less than in the SF Bay area – it is roughly $48K ($64K in Manhattan) [Demographics</a> of New York City - Wikipedia, the free encyclopedia](<a href=“Demographics of New York City - Wikipedia”>Demographics of New York City - Wikipedia)
[Manhattan</a> (borough) QuickFacts from the US Census Bureau](<a href=“http://quickfacts.census.gov/qfd/states/36/3651003.html]Manhattan”>http://quickfacts.census.gov/qfd/states/36/3651003.html)</p>
<p>Chicago is even worse - you are looking at a median household income of roughly $40 - $46K.
[Demographics</a> of Chicago - Wikipedia, the free encyclopedia](<a href=“Demographics of Chicago - Wikipedia”>Demographics of Chicago - Wikipedia)
[Chicago</a>, Illinois (IL) profile: population, maps, real estate, averages, homes, statistics, relocation, travel, jobs, hospitals, schools, crime, moving, houses, sex offenders, news, sex offenders](<a href=“http://www.city-data.com/city/Chicago-Illinois.html]Chicago”>http://www.city-data.com/city/Chicago-Illinois.html)</p>
<p>I didn’t even have to look this up to know that the figures cited by Futurenyustudent were way off base – I’ve just returned from NY and all I had to do was ride the subways with my eyes open to know that the city is full of low income people. </p>
<p>When you have “urban” (or “metropolitan”) you also have poverty – and I think that is probably true of every city in the world. So median incomes tend to be depressed in cities, higher in suburban areas. </p>
<p>The 10 cities with the highest median incomes are as follows:</p>
<p>Atherton, California ($200,001)
Hillsborough, California ($193,157)
Cherry Hills Village, Colorado ($190,805)
Scarsdale, New York ($182,792)
Los Altos Hills, California ($173,570)
Woodside, California ($171,126)
Winnetka, Illinois ($167,458)
Glencoe, Illinois ($164,432)
Chappaqua, New York ($163,201)
Travilah, Maryland ($160,323)</p>
<p>New York and Chicago don’t even make the top 100. </p>
<p>Source: [Top</a> 100 Cities with Highest Median Household Income (pop. 5000+)](<a href=“http://www.city-data.com/top2.html]Top”>http://www.city-data.com/top2.html)</p>
<p>Given the total implausibility of the numbers cited – I went to realtor.com (the purported source of the figures) and could find no information whatsoever on median incomes. My guess is that Futurenyustudent saw some figures as to median home value (or purchase price), and confused the concept of cost of home with household income. (I don’t know what he studied at NYU, but his posts make me very glad my d. turned down her spot at NYU in favor of a college that expected its students to have critical thinking skills.)</p>
<p>Homefinder.com reports a median household income for “Chicago metro” (60602) ([Chicago</a> Metro, IL Homes for Sale - Real Estate Listings | HomeFinder.com](<a href=“http://www.homefinder.com/IL/Chicago-metro/]Chicago”>http://www.homefinder.com/IL/Chicago-metro/)) as $82K and for New York (zip 10029) as $28K. ([New</a> York, NY Homes for Sale - Real Estate Listings | HomeFinder.com](<a href=“http://www.homefinder.com/NY/New_York/]New”>http://www.homefinder.com/NY/New_York/)). I think the disparity in figures is simply a result that they are actually reporting on single zip codes.</p>