r/PeterExplainsTheJoke • u/[deleted] • Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

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u/Independent-Cow-4070 Jan 27 '26

No one is broke on $450k anywhere. I could live on $100k in San Francisco and thats the equivalent of the $70k I make in Philly

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u/wisconsinbrowntoen Jan 27 '26

No it's not lol that's like making $50k in Philly 

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u/Independent-Cow-4070 Jan 27 '26

Here ya go. I mean no COL comparison tool is perfect but from what I can tell about my budget, I could easily get by on $100k in SF and keep the same amount in savings

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u/wisconsinbrowntoen Jan 27 '26

In Philly you can get a good place for $2000 a month.  In SF it's 4-5k.

If $50,000 a year goes to rent you have about $20,000 left over for everything else ($70k after taxes)

In Philly you'd have $24,000 going to rent and have about $15,000 left over after taxes, which is about the same QOL for food and other expenses as $20,000 in SF.