I live in Greater NYC region. I reject the arugment that $483K a year means living well. It takes well more then that after one takes into account of high cost of living, saving for retirement and massive housing costs. If said household managed to buy a condo back in the 1990s then I would agree that $483K would be living well. So many of my friends in households above $500K in NYC are really streached trying to buy a condo /co-op for the right size and in a good school district. What they have to go through to be in a good school district and the interviews they have to go through just for reasonable nusury school is a sad testiment how bad the system has become in NYC. I live in the NYC suburbs which is better but still the cost of good housing in good school district is massive. I guess this link is saying $483K after taxes so not all my friends would meet that threshold but many of them including myself are in that catagory (above $483K after taxes) and none of us would say we are "living well." All of them, including myself, realize we make a lot compared to many in the country and we are all grateful for that, but living well or affluent we are not.
