Houston Is The Mecca Of The Middle Class, According To New York Researchers
Although, as we said below, economists aren't generally predicting great things for Houston in 2009, there is a ray of light: It's still cheaper to live here than other big cities.
Middle class in New YorK? You'll have to be earning $123,322 to afford that lifestyle.
In San Francisco it's $95,489 and Atlanta $53,630.
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Lowest of all the cities included? Houston.
According to the study, you can be middle-class here on just $50,000 a year. That's lower than Charlotte, for crying out loud, which is apparently a city in one of the Carolinas.
The study looked at housing, utility costs and other factors. It then took Houston as a baseline (which is why we're the lowest, obvs) and then determined how much money it would take in various cities for a person to live like a Houstonian making $50,000.
The study didn't take into account Katy Freeway traffic or hurricane power outages, as far as we can tell.
-- Richard Connelly