$85,000 Average Income - Are They Kidding?

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
Thread Tools
  #1  
Old 10-01-2007, 02:35 PM
SteveFromNY's Avatar
SteveFromNY SteveFromNY is offline
Eternal Member
Join Date: Aug 2007
Posts: 1,197
Thanks: 0
Thanked 0 Times in 0 Posts
Default $85,000 Average Income - Are They Kidding?

In the link below The Villages Daily Sun states that the AVERAGE income in TV is around $85K a year (Thanks DickY). With the recent post about minimum income, and people wondering if $4,000K per month would work, others saying they get by on $1500/month, the idea that the AVERAGE income is $85K seems utterly ridiculous. I can see it may be higher than the averages if working people who own but don't live there are factored in, and I could see TV running a little higher than FL overall as a result (but even then, plenty of places in FL are much more expensive than TV to live). But the number of $85K just seems ridiculous.

Where do you think the statistic came from? Do you think it's valid, or just something to draw advertising in and drive up rates? Do you think that many of TV'ers work? It's a mind boggling concept that TV, a mostly retirement community, would be more than 3x the national or state average incomes, where all the working people are included in the average too.


http://www.thevillagesdailysun.com/s..._Rate_Card.pdf
  #2  
Old 10-01-2007, 02:49 PM
LG LG is offline
Senior Member
Join Date: Jul 2007
Posts: 213
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

Quote:
Originally Posted by SteveFromNY
In the link below The Villages Daily Sun states that the AVERAGE income in TV is around $85K a year (Thanks DickY). With the recent post about minimum income, and people wondering if $4,000K per month would work, others saying they get by on $1500/month, the idea that the AVERAGE income is $85K seems utterly ridiculous. I can see it may be higher than the averages if working people who own but don't live there are factored in, and I could see TV running a little higher than FL overall as a result (but even then, plenty of places in FL are much more expensive than TV to live). But the number of $85K just seems ridiculous.

Where do you think the statistic came from? Do you think it's valid, or just something to draw advertising in and drive up rates? Do you think that many of TV'ers work? It's a mind boggling concept that TV, a mostly retirement community, would be more than 3x the national or state average incomes, where all the working people are included in the average too.


http://www.thevillagesdailysun.com/s..._Rate_Card.pdf
http://www.thevillagescommercialprop...avg_income.htm
__________________
INDIANA>CALIFORNIA>TEAXAS>FLORIDA
  #3  
Old 10-01-2007, 02:52 PM
MMC24's Avatar
MMC24 MMC24 is offline
Veteran member
Join Date: Jul 2007
Posts: 539
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

Seems high as an average but you know what they say, "figures don't lie but lier's can figure" ???
__________________
MI
ME
MA
Viet Nam
CT
TV
  #4  
Old 10-01-2007, 03:47 PM
samhass's Avatar
samhass samhass is offline
Sage
Join Date: Apr 2007
Posts: 2,578
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: $85,000 Average Income - Are They Kidding?

Yep, I think they're kidding. I have no idea where they pull those numbers from...some anatomical place????
Where does TV obtain the data about our incomes? If 50% finance their homes, do they extrapolate the numbers on the loan apps?
__________________
The Villages, Florida
  #5  
Old 10-01-2007, 03:54 PM
DickY's Avatar
DickY DickY is offline
Veteran member
Join Date: Jul 2007
Location: Village of Duval
Posts: 519
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: $85,000 Average Income - Are They Kidding?

If you have a 2 income family (it says household income) and a lot of snowbirds still working that might skew the figures upward. ??? :dontknow:
__________________
Harrisburg, Pa ----------> Village of Duval
  #6  
Old 10-01-2007, 04:00 PM
JUREK JUREK is offline
Veteran member
Join Date: Aug 2007
Location: Valpo Ind , Ashland TV
Posts: 600
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

my 2 cents
still working up north $85K low
when ritired in TV $85K high
:dontknow: :dontknow:
__________________
Poland - Germany - Ontario Canada, Valpo Ind, Ashland TV
  #7  
Old 10-01-2007, 04:03 PM
Frangyomory's Avatar
Frangyomory Frangyomory is offline
Veteran member
Join Date: Jul 2007
Location: Tall Trees/Cherry Vale CYV
Posts: 546
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: $85,000 Average Income - Are They Kidding?

That's a dream that Mr Morse had one night!!!!! The numbers will never be accurate unless you do it by groups; fully retired full timers; fully retired snow birds; working couples full timers; working couples snow birds; and so forth. You can't just take an average of all incomes reported on closing paperwork and call it the "average income for all residents in the Villages" because it just isn't true.

We have a nice two bedroom courtyard villa and are both fully retired. Have no other homes and live here full time and believe me, we don't take in $85k a year before taxes!!! Maybe some folks who live in Bridgeport and the $1.5million places do, but we are two people who worked hard all our lives and were glad to be able to retire with pensions. I can't help but think we are a typical couple here in the Villages.

If there were so much money down here they wouldn't be giving away $25k in furniture just to convince you to buy a home.
__________________
Fran Gyomory
The Bronx, NY; Kailua, HI; Dale City, VA; Fredericksburg, VA; The Villages, FL
  #8  
Old 10-01-2007, 05:00 PM
jjdees jjdees is offline
Veteran member
Join Date: Dec 2006
Posts: 600
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

The category in question is home buyers. How many homes are not occupied full time by the owners? The homes bought by snowbirds or occasional visitors, i.e. TV wannabees but not yet retired will inflate the earnings number. Lyle, your chart shows a comparison between 2 different categories, households and buyers.
__________________
Cleveland Ohio, Detroit Michigan, Syracuse New York, Atlanta Georgia
  #9  
Old 10-01-2007, 05:07 PM
Kitria Kitria is offline
Senior Member
Join Date: Mar 2007
Posts: 109
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

umm we know that the average is scewed..to say the least.

Did you ever think that it is ADVERTISING? Who are they trying to attract for the newer and not yet built homes? They are certainly not advertising for preowned home buyers.

But, there is something for everyone here, which is so nice. They even have things to bitch about if you are so inclined. *smiles*
__________________
smiles are infectious:spread them often
  #10  
Old 10-01-2007, 05:27 PM
Happy Villager Happy Villager is offline
Senior Member
Join Date: Jul 2007
Posts: 165
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

My thoughts are the average figure of $85,000 is comprised of all owners of homes in TV, retirees, workers, snowbirds etc. I also think this figure is used to attract potential commercial enterprise and not so much to convince others to buy homes here. I know there is a big push to bring in development in the Buffalo Ridge Plaza by Crossman & Co.. I also think it is a wise move for any commercial developer to come here.
__________________
NY, FL.
  #11  
Old 10-01-2007, 06:44 PM
villages07's Avatar
villages07 villages07 is offline
Sage
Join Date: Mar 2007
Posts: 11,058
Thanks: 2
Thanked 15 Times in 12 Posts
Default Re: $85,000 Average Income - Are They Kidding?

The other nuance to recognize is that they label the Villages column on the graph as "The Villages Average Home Buyer" and don't define what that means....could be the people who have bought new homes in the past year, past 6 months, etc....all kinds of ways to spin the figures.

I agree with some prior posters that this is just a carrot to attract future commercial development. But, that's business.
__________________
Maryland (DC Suburbs) - first 51 years
The Villages - next 51 years
  #12  
Old 10-01-2007, 07:56 PM
JohnN's Avatar
JohnN JohnN is offline
Sage
Join Date: Feb 2007
Location: Village of St. James
Posts: 2,599
Thanks: 2
Thanked 89 Times in 34 Posts
Default Re: $85,000 Average Income - Are They Kidding?

Maybe Arnold Palmer and Nancy Lozez are in the averages LOLOL,
I'll do my part to keep that average low.
__________________
Chicago, IL
Little Rock, AR
Alpharetta, GA
Searcy, AR
Village of St.James, The Villages, FL
  #13  
Old 10-01-2007, 10:04 PM
garsha garsha is offline
Senior Member
Join Date: Jul 2007
Posts: 104
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

We bought our house in the villages last year. We are still in CA both working waiting for our house in CA to sell. I think the way the rate card is worded, this would include us in the average household. It sounds like we are not the only ones that own TV houses that still haven't retired yet. With both of us working it would pull the average up. This really distorts what we are all looking for which is: how much does it take to live in TV. I think the 3-4 thousand a month depending on your mortgage and car payments is right in the ball park.

From the Rate Card:
85,800 Average household income (in dollars) for home buyers in The Villages
__________________
California and The Villages
  #14  
Old 10-01-2007, 10:18 PM
SteveFromNY's Avatar
SteveFromNY SteveFromNY is offline
Eternal Member
Join Date: Aug 2007
Posts: 1,197
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: $85,000 Average Income - Are They Kidding?

Good point made above about it being the Home buyer's average. That certainly narrows the field! So if it's including folks still working who are buying homes in TV before retiring then I can buy it. It implied to me when I first read it that it was the average for folks living there.
  #15  
Old 10-01-2007, 10:27 PM
chuckinca's Avatar
chuckinca chuckinca is offline
Sage
Join Date: Aug 2007
Posts: 4,911
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: $85,000 Average Income - Are They Kidding?

Ditto what Gersha said, $85K family income is near the poverty line in CA Bay Area. We bought in 05 for retirement next year.
__________________
Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
Closed Thread

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 05:53 AM.