Located in the northeastern region of the United States, New Jersey is characterized by its cities, picturesque coastline, and rich cultural heritage. From Jersey City’s skyscrapers to Cape May’s charming seaside towns, the state offers a diverse range of experiences for residents and tourists. In this ApartmentGuide article, we’ll discuss the pros and cons of living in New Jersey to provide valuable insights for those considering a move or wanting to learn more about the state. Whether you’re interested in renting, or ready to explore, read on to discover what life in New Jersey is like.
Renting in New Jersey snapshot
1. Pro: Rich historical sites
New Jersey is steeped in American history, offering numerous historical sites and landmarks. From the battlegrounds of the Revolutionary War in Princeton to the iconic Ellis Island and Liberty State Park, the state serves as a living museum. These sites not only provide educational experiences but also serve as beautiful places for exploration.
2. Con: High housing costs
The housing costs in New Jersey is notably high compared to the national average. This is particularly evident in housing costs especially in popular metros like Hoboken, where the median sale price is $840,000 and rent for a one-bedroom is $2,900. Residents often find themselves allocating a significant portion of their income to maintain a standard of living, making savings a challenge for many.
3. Pro: Proximity to major cities
New Jersey’s strategic location offers unparalleled access to major cities like New York City and Philadelphia. This proximity provides residents with the unique advantage of enjoying suburban tranquility while having easy access to the urban amenities, employment opportunities, and cultural experiences offered by these metropolitan areas.
4. Con: Traffic congestion
With its dense population and proximity to major urban centers, New Jersey faces significant traffic congestion, particularly in the northern part of the state around Hoboken and Jersey City which are near the highways to to Manhattan. Commuters often experience lengthy delays, especially during peak hours, which can affect daily schedules and overall quality of life.
5. Pro: Diverse culinary scene
New Jersey boasts a diverse culinary scene, with a wide array of dining options ranging from fine dining to local diners and food trucks. The state is famous for its Italian cuisine, diners, and being the birthplace of the iconic Taylor Ham, egg, and cheese sandwich. This diversity offers residents and visitors a rich palette of flavors to explore.
6. Con: Weather extremes
New Jersey experiences a wide range of severe weather conditions including tornadoes, thunderstorms, high winds and hailstorms. These extremes can pose challenges for residents, from dealing with the discomfort of hot and humid summers to navigating the difficulties of storms and the associated disruptions they can bring.
7. Pro: Great educational institutions
The state is home to some of the nation’s pristine educational institutions, including Princeton University. New Jersey’s school system is one of the best in the nation, providing quality education from kindergarten through university.
8. Con: Property taxes
New Jersey residents face some of the highest property taxes in the United States. The property tax rate is 2.26% which compared to the national average of 0.99% is very high. This financial burden can be a significant challenge for homeowners and those making a jump from renting to owning.
9. Pro: Diverse housing options
New Jersey offers a diverse range of housing options, catering to various preferences and lifestyles. From historic neighborhoods with charming brownstones to modern high-rise apartments overlooking bustling cityscapes, there’s something for everyone. This abundance of housing choices enables residents to find accommodations that suit their needs and preferences.
10. Con: Seasonal tourists
During the summer months, New Jersey becomes a hotspot for tourists seeking sun, sand, and sea along its iconic coastline. Boardwalks bustling with activity and amusement parks attract those looking for entertainment and relaxation. From the historic charm of Cape May to the lively feel of Atlantic City, New Jersey’s diverse attractions ensure a memorable experience for visitors throughout the seasons.
11. Pro: Beautiful beaches
12. Con: State sales tax
New Jersey’s sales tax rate is relatively high compared to many states, which can increase the cost of goods and services for residents. In fact, New Jersey is ranked 8th in the nation for its state tax rate standing at 6.625%. This tax burden may pose a challenge for individuals and families on tight budgets, impacting their purchasing power.
Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from ApartmentGuide.
Last April, when Bed Bath & Beyond held its store-closing sales after declaring bankruptcy, I popped into one of its Manhattan locations and found the shelves almost completely stripped of inventory, snagged by earlier shoppers who’d been quicker to the liquidation bargains. Dwell’s senior home guides editor Megan’s experience at another Manhattan location, though, seemed slightly less chaotic, and even in small but not insignificant ways gratifying. So last week, when Dwell’s managing editor Jack Balderrama Morley dropped a tweet in a team Slack channel pointing out the “crazy sales” at another major retailer, Joann, which on March 18 announced it filed for bankruptcy, and said: “Maybe a writer wants to go and see what home design can be pulled out of a dying store?” I bravely volunteered. Most of the online reactions I’d seen to Joann’s bankruptcy were more focused on corporate details than implications for crafters, but I assumed the news would circulate widely enough in at least some corners of TikTok’s DIY universe that the sales would generate a fairly quick clean out.
To be clear, my putting myself forward is only notable because from where I live in Manhattan, a trip to the craft store—or any department store, really—is a vastly different experience than in the suburbs. The Hudson, Ohio-based chain, which has operated for more than 80 years, has roughly 800 stores nationwide (all of which the company said will continue to operate as it restructures its finances). But none of those stores are in Manhattan, or even Brooklyn. Long Island has three locations, and there’s one in Scarsdale, about an hour’s drive north of my apartment (closer to Connecticut in actuality). Across the Hudson, there’s a Joann store in Paramus, New Jersey. Depending on the time of day, the drive is anywhere between 30 and 50 minutes.
My girlfriend and I have a Zipcar membership that we use almost solely for the purpose of completing another task that’s a vastly different experience when you live in New York City: grocery shopping. Every other month or so, we go to a Trader Joe’s outside of the city to stock up on groceries that we can drive home, not carry. We were due for another Big Shop and had also been talking about crafting over the weekend, since the forecast was gross and rainy. In Paramus, there’s a Trader Joe’s all but three minutes from Joann. So Paramus it was. We were making a Saturday of it.
The arts-and-crafts store, formerly known as Jo-Ann Fabrics, was a big part of my childhood. (Full disclosure: I was blissfully unaware of the 2018 rebrand and had been using the former moniker up until I learned about the recent bankruptcy filing, and am still having a tough time adjusting to the name change, in true millennial fashion.) In the early 2000s, the Jo(-)ann (Fabrics)(!) on the side of Highway 101 in Corte Madera, California, was where I bought fabric for weekly sewing classes with Winky Cherry (I’m serious), a kids’ sewing teacher and author, I’m just learning, who taught out of a downstairs room in her home. It’s where I found felt and appliqués for the DIY poodle skirts I wore to school sock hops. It’s also where I found the fabric, pom-poms, and ribbons I tasked my adult neighbor, whose children I babysat, with fashioning into a jester costume for me one Halloween; one side had blue fabric with a moon pattern, the other a maroon background with suns. There were elastic cinches at the wrists and ankles that created frilly cuffs. In retrospect, it was quite a vision for my young mind to conceive of, but stylistically…misguided.
Before last weekend, I hadn’t been back to one of the stores since that time in my childhood. One of Joann’s competitors, Michael’s, has locations in Brooklyn and Manhattan, and I sadly did not retain any sewing skills from Winky Cherry’s classes, so these days the selection there or at Blick Art Materials—of which there are many in New York City—does the trick for my occasional craft projects. I was expecting the scene to be somewhat depressing: sparse aisles stocked with the same art supplies you can now order to your front door on Amazon, piles of worse for wear fabric collecting dust, and nary a shopper born after the turn of the millennium (and that’s being generous). The latter, from my observation, was true, but other parts surprised me.
The clearance sale shelves at the front of the store, marked 25 percent off, were haphazardly stocked as though either winds of eager customers had already blown through them, spoiling any prior display order, or the employees had simply gathered items from other aisles—a partially unwound yarn bundle, decorative stickers, children’s trinkets, and, unexplainably, a pack of popcorn seasoning, and quickly dumped them in this section, knowing any real organization efforts wouldn’t be worth their while.
We set ourselves a $200 budget, keeping in mind a few DIY projects we discussed prior, and knowing that we like to keep a stock of craft supplies for impromptu projects, so this sale would be as good a time as ever to spend somewhat freely. First, we popped over to the bead aisles to scope out the four for $10 deals. We picked 15 bead strands—with between 10 to 40 beads per set, depending—and a roll of clear cord (for later necklace-making projects). We also grabbed a small organizer to keep the beads in; not on sale, but something we felt necessary, and reasonable for $4.50. The next aisles had some of the biggest steals we encountered: 10 for $5 on two-ounce acrylic paints, 50 to 70 percent off fine art canvases, and 25 percent off other art supplies, from paint brushes to sets of paint, pens, and colored pencils. We added a 10-pack of 8×10 canvases and two 5×5 canvases to our shopping cart, along with a 24-tube acrylic paint setand a few larger paint tubes, plus a can of black spray paint and some wooden semicircle cutouts for a DIY mirror project.
We walked toward the next part of the store we knew had something we wanted: fiber filling to revive our couch cushions, which we assumed we’d find near the fabric department. Between there and the robust yarn section, it felt, for a second, like we could be in any big box retailer of the home goods ilk. You could buy outdoor rugs, plant stands, picture frames, and storage containers just like what’s in stock at Target or Home Depot. In my memory, the Jo(-)ann (Fabrics)(!) of my youth was much less home decor-oriented.
Still, the crafts and sewing storage items were marked 50 percent off, so we grabbed three collapsible bins in the style of Hay’s recycled color crates for the space above our kitchen cabinets at $5.99 each. I also picked out an 11×14 black picture frame, with visions of repainting it with a two-tone trim using our new acrylics set. We grabbed two large bags of the fiber filling—40 percent off, $17.99 each—and at some point along the way picked up a five-pound bucket of air-dry clay, which ran us $6.99.
Every five or so aisles we’d pass another shopper, which, compared to the experience of shopping at most major retailers, is essentially like walking through a desert, but I’d imagined something much more vacant. I realized I was likely conflating my understanding of bankruptcy with the idea of returning to a forsaken mainstay from my childhood, so to see other customers at all made me feel like the place was sufficiently busy.
The general energy in the store, however, reminded me otherwise. At one point, I heard an exasperated yell from the next aisle, “Is it so hard for people to put things back where they fucking belong?!” I obviously had to check whose Public Display of Begrudge this was; when I walked past, there was only one woman, wearing a Joann apron and organizing inventory.
In the fabric section, we had to squeeze our cart past a plastic storage bin with wet floor signs on either side that was blocking most of the walkway in order to catch droplets from a ceiling leak. I saw another millennial-looking couple talking to a woman at the service counter and wondered what they were there for, feeling an instant sense of curiosity and camaraderie with the other shoppers visibly under 60. We thought about buying some fabric to fashion a small curtain/cabinet skirt to hide our eyesore kitchen trash area, but decided against it—mostly due to decision paralysis, but also because we weren’t sure anything from the fabric selection would even really improve the situation. (As a kid, the actual quality of Jo-Ann’s Fabrics was not something I noticed, apparently.)
At checkout, the sweet (older) cashier winced as our balance climbed and offered to add an extra coupon that was typically only available online to bring our total down. It seemed like she hadn’t rung up a $184.17 tab for anyone in a long time.
Our first DIY project was the easiest: we added the stuffing to our couch cushions, which have formed light indents in various spots because of my bad habit of WFH…from the couch. Then, we took some of the beads and Gorilla Glued them to a glass vase we already own. I painted the black picture frame with two blue acrylics and put a Really Bad Portrait of us from the Upper West Side flea market in it. (I’m still battling my partner to let us hang it up in the bedroom.)
Next, we spray-painted the wooden semicircles black and Gorilla Glued them to the side of our Ikea Hovet mirror, inspired by furniture we saw at Originario on a recent trip to Mexico City. (We still have enough left to do the same with another black mirror in our dining room.) We used some of the quick-dry clay to make a small, foot-shaped catchall—again, inspired by ceramics we saw in Mexico City. We’re still deciding on what to paint on the canvases, but now we have the supplies at the ready for when inspiration strikes. In fact, we’ve barely scratched the surface of what we bought on our haul, so that trip will last us many more DIY projects. And, should the clearance sales continue and we decide we want more bead deals or actually do want to give that cabinet skirt a try, our receipt has a promo code that can be used on Joann’s website, so we won’t have to brave another visit.
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Have you ever wondered, “Should I move to Philadelphia, PA?” Living in Philly is like being in a giant history book but with a modern twist. This city is famous for its cheesesteaks, passionate sports fans, and the Liberty Bell, showing off its rich history and spirited culture. Philadelphia is unique because it blends old-world charm with bustling city life, where historic sites like Independence Hall stand alongside trendy restaurants and shops. Whether you’re exploring the cobblestone streets of Old City or enjoying a picnic in Fairmount Park, Philadelphia offers a special experience that’s hard to find anywhere else.
Before packing your bags, it’s a good idea to know the city’s strengths and weaknesses to make sure it’s the right fit for you. In this article, we’ll discuss the pros and cons of living in Philadelphia that may help you make your decision. Let’s get started.
Philadelphia at a Glance
Walk Score: 75 | Bike Score: 67 | Transit Score: 67
Median Sale Price: $243,000 | Average Rent for 1-Bedroom Apartment: $1,722
houses for rent in Philadelphia | apartments for rent in Philadelphia | homes for sale in Philadelphia
Pro: Strong historical heritage
Philadelphia, often dubbed the “Birthplace of America,” is steeped in rich historical significance, offering residents and visitors a unique glimpse into the nation’s past. From the iconic Liberty Bell to Independence Hall, where the Declaration of Independence and Constitution were debated and adopted, the city is a living museum. Living in Philadelphia means having unparalleled access to these historic sites, along with numerous museums and educational opportunities that celebrate America’s journey to independence.
Con: Challenging winter conditions
One of the cons of living in Philadelphia is the harsh winters. During the winter months, it’s common to experience freezing temperatures, heavy snowfall, and icy conditions. Locals must contend with bitter cold temperatures, which can make daily activities such as commuting or running errands a daunting task. Snowstorms frequently blanket the city, causing disruptions to transportation networks and posing safety hazards for pedestrians and motorists alike. Despite the city’s efforts to maintain roadways and clear snow, the severity of winter weather in Philadelphia remains a significant inconvenience for residents.
Pro: Beautiful green spaces
Philadelphia is home to an abundance of green spaces and parks, offering residents a peaceful escape from the urban environment. Fairmount Park, one of the largest urban parks in the country, provides miles of trails for hiking, biking, and outdoor activities. The city’s commitment to maintaining and expanding its green spaces means that locals can easily find a natural retreat within the city limits, promoting a healthy and active lifestyle.
Con: Limited biking infrastructure
One notable drawback of living in Philadelphia is its lower bike score of 67. Despite efforts to improve bike infrastructure, such as dedicated lanes and bike-sharing programs, many areas still lack adequate facilities for safe and convenient cycling. The city’s narrow and congested roads can make cycling intimidating and hazardous. As a result, residents who rely on bikes as a primary mode of transportation may find their options limited and may need to exercise extra caution when riding in the city.
Pro: Dynamic culture
Philadelphia’s arts and culture scene is a significant pro for residents. The city is home to the Philadelphia Museum of Art, famous not only for its vast collection but also for the iconic “Rocky Steps.” Beyond this, there are countless galleries, theaters, and live music venues across the city, catering to a wide range of artistic tastes. The annual Fringe Festival showcases avant-garde theater and performance art, highlighting the city’s diverse and vibrant cultural landscape.
Con: High cost of living
Despite its many attractions, Philadelphia’s cost of living can be a big con for some. The cost of living in Philadelphia is 2% higher than the national average. While it is more affordable than cities like New York or San Francisco, rent prices and daily expenses can be high, especially in more desirable neighborhoods. For those with modest incomes or fixed budgets, the elevated cost of living can limit opportunities for savings, investments, and overall financial stability. As a result, many residents must carefully budget and prioritize expenses, sacrificing certain luxuries or experiences to make ends meet.
Pro: Exceptional culinary scene
Philadelphia boasts an exceptional culinary scene that goes far beyond its famous cheesesteaks. The city is a melting pot of cultures, reflected in its diverse food offerings. From high-end dining experiences like Hiroki or Fork, to local food trucks, there’s something for every palate. The Italian Market, one of the oldest and largest open-air markets in the country, offers fresh produce, meats, and specialty foods, showcasing the city’s rich culinary heritage.
Con: Public transportation challenges
With a Transit Score of 67, many people find public transportation lacking in Philly. While Philadelphia does have a public transportation system, including buses, subways, and trolleys, residents often face challenges with reliability and coverage. Some areas of the city are not well-served by public transit, making it difficult for those without cars to navigate. Additionally, delays and infrequent service can be frustrating for daily commuters.
Pro: Sports fan’s paradise
“Should I move to Philadelphia if I’m a sports fan?” Absolutely. Living in Philly is a dream for sports fans, offering professional teams across various leagues. The Philadelphia 76ers dominate basketball courts, while the Philadelphia Flyers electrify ice hockey enthusiasts. At Citizens Bank Park, the Philadelphia Phillies draw crowds with their passionate baseball games, and the Philadelphia Eagles ignite fervor in football fans at Lincoln Financial Field. Additionally, the city’s collegiate sports scene, led by universities like Temple and Villanova, adds further excitement to Philadelphia’s sports culture, making it a true paradise for those who live and breathe athletics.
Con: Minimal green building initiatives
While Philadelphia has made strides in sustainability, the city still has limited green building initiatives compared to others. This can be a con for environmentally conscious residents who prioritize living in a city that embraces sustainable development practices. Efforts to increase green buildings and eco-friendly infrastructure are ongoing, but progress has been slower than in some other major cities.
Pro: Proximity to other major cities
A significant pro of living this city is its strategic location on the East Coast, offering easy access to other major cities like New York City, Washington D.C., and Baltimore. This proximity makes it convenient for residents to explore these cities for business or leisure, without the need to relocate.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
MILAN — When Chef Eric Adjepong discussed the building blocks of his first home collection, he slipped and said he used Ghanaian ingredients to make his first home goods collection with Crate & Barrel.
“I meant materials — Ghanaian materials,” he exclaimed a second afterward.
Indeed, switching hats from the head of the kitchen to the head of design was a big change, but a welcome one. “I like the idea that these items can last forever,” as opposed to his eclectic dishes that last seconds on the palate, he said.
The 36-year-old chef and host of Food Network’s “Wildcard Kitchen”decided to return to his parents’ homeland to build this collection. “It was more than a homecoming — it was a discovery,” the first generation Ghanaian American said.
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Upon arrival in the village of Bolgatanga, he was greeted by a mini parade with music, dance and food. It was there where he came into contact with the region’s basket weavers, who showed him the entire process of Bolga basket weaving.
Bolgatanga, which is situated in northern Ghana, is a heartland of genuine Bolga baskets, which are exclusively woven by the Indigenous Gurune or Frafra people. Weavers collect beta vera straw, which is subtracted from the top of the grass, and they then leave the roots to grow.
Other products in this vibrant collection were inspired by the Ashanti Empire, which was founded in 1670 and impacted much of the modern culture of the dynamic region.
With more than 60 pieces of cookware, glassware, serveware and decor, the collection includes a Ghanaian-made market tote; the Didi Ketoa appetizer plates inspired by West African bead work; the Sobolo glass punch bowl with a green marble base, and the Akan-inspired Nkwanta Hammered Brass Punch Ladle, also indicative of the region’s artisan traditions.
The first of his family to be born in the U.S. from Ghanaian parents, Adjepong said growing up in New York City made him bold and that growing up around Albanian, Puerto Rican, Jewish, Italian, West African and Caribbean cultures greatly influenced his cooking style. Still, he’s been drawn to Ghana and travels there at least four times a year. Accra, a booming cultural hub for Afro Beats, art and fashion, is also a burgeoning pulse for both the kitchen and the design worlds, he said.
Crate & Barrel and Crate & Kids senior vice president of product design Sebastian Brauer said when contemplating new partnerships, the firm has an eye out in “special corners of the world” on what’s resonating with communities and audiences beyond just the design world, from cooking to music, technology and fashion on an international scale.
“When chef Eric’s team approached us, we saw a powerful opportunity to bring his first kitchen line to life. We worked intimately with him to celebrate his West African heritage and multicultural New York City roots and combined that with his talent as a chef with Crate & Barrel’s timeless and global design approach, to create functional pieces…,” he said.
A rising star in U.S. television, Adjepong is known for his success in bringing West African cuisine into the mainstream culinary conversation. Following experiences in several Michelin-starred restaurants, he entered the “Top Chef” circuit and was featured as a finalist on season 16. On Food Network, he has made appearances on “Selena + Chef,” “Chopped,” “Guy’s Grocery Games,” “Supermarket Stakeout” and “Tournament of Champions.” He also has a degree in culinary arts and nutrition from Johnson & Wales in Rhode Island and a masters degree in public health in international public health and nutrition from the University of Westminster in London. On Wednesday he became the Save the Children’s newest global ambassador, joining fellow celebrities Jennifer Garner, Camila Cabello and Dakota Fanning.
Eric Adjepong for Crate & Barrel’s exclusive collaboration will be available in-stores and online at Crate & Barrel from Thursday.
Crate & Barrel’s fashion-forward sister brand CB2 is also reaching further afield, scouting designers and collaborations with compelling storytelling. Last month its Black in Design Collective launched by artist and designer Evan Jerry, added leading Niamey, Niger-based architect Mariam Issoufou Kamara and Lagos-based designer Nifemi Marcus-Bello to its roster.
There’s a new interior design trend circulating on TikTok, and you probably didn’t see it coming. Enter: the “unexpected red” theory.
Introduced by creator Taylor Simon (@intayriors) in a viral TikTok video, the unexpected-red theory is the idea of “adding anything that’s red, big or small, to a room where it doesn’t match at all, and it automatically looks better.” Whether it’s vibrant red pedestal sinks in a moody blue-green bathroom or a red suede headboard against a purple accent wall, Simon suggests that the color is a foolproof addition to any palette. She even makes the case for red as a neutral.
At first, that concept might seem surprising. Red doesn’t seem like the best color to refresh your bedroom with, and typically, neutrals skew more muted and subtle — light shades of white, cream, and gray, or dark variations of black, brown, and charcoal. In other words, they’re universal colors that pair with anything. But with that logic, the unexpected-red theory might be onto something. If red really looks good in every room, in any scenario, why shouldn’t we call it a neutral, too?
We asked a pro to weigh in. Ahead, New York City-based interior designer Emma Beryl helps break down the unexpected-red theory and shares additional decorating tips on how to incorporate red at home.
What Is the Unexpected-Red Theory?
The unexpected-red theory is the idea that an added pop of red — in a piece of furniture, like a sofa, or a smaller accent, like a table lamp — will make any space look better. But where these red accents really shine? In areas where they supposedly don’t belong or shouldn’t look good based on the color of the room or the items they’re near.
Beryl doesn’t necessarily think this makes red a neutral color, like the theory also nods to. Instead, she believes that the color is simply vibrant enough to stand out and capture your attention, no matter the context. “[Red] goes well with almost everything, but don’t be fooled,” she tells POPSUGAR. “It goes well, but it is striking and usually the star of the show when added as a surprise element like the unexpected-red theory suggests.”
If you’re still stumped on how or why the unexpected-red theory works, it’s important to consider tones and the color wheel. “I feel like there is no other color like red on the color wheel, so adding it to any space really draws your attention to that object,” Beryl says. “It is both warm and cool at the same time. It goes well with cooler colors like blues and greens, as well as warmer colors like oranges and yellows.” Although red may never officially be called a neutral, it has similar qualities that make it both versatile and unique.
How to Implement the Unexpected-Red Theory Into Your Own Space
There are no hard and fast rules for decorating your own space, but if you’d like some tips for trying the unexpected-red theory at home, Beryl has a few suggestions.
Start small. “Incorporating any color you aren’t 100 percent sure about is easiest done through decor since it is smaller. Adding a pop of red through a vase or a lamp shade can be an eye-catching moment,” she says. And if you want to go bigger? Try a larger piece of furniture, like a lounge chair or daybed. “The unexpected-red theory is pointing toward one item being red in the space, so choose something in your comfort zone.”
Consider your color palette. Although red can pair with anything, Beryl is especially fond of using it with all neutrals: “Red becomes the focal point and excites the eye even more,” she says. She also likes using it in streamlined color palettes. “I like seeing [red] in a room that is very tailored with a strong color palette of two or three colors, like a room with blue and green and patterns, or yellow and orange, so the pop of red really stands out.”
Try something other than red. Not into red? The theory can work similarly with other colors, like pink and green. “Pink being close to red makes sense since it pulls similar emotions, but green reminds people of nature, so adding a pop of green can calm the mind,” Beryl says.
If you find yourself falling in love with the little pop of red in your space, don’t be afraid to add the unexpected-red theory to other facets of your life too. For example, you can pair a neutral outfit with a pop of red lipstick or red heels with an otherwise all-black ‘fit. Chances are, you’ll quickly realize why red just may be the most superior color of them all.
Carrie Carrollo is a POPSUGAR contributor and was formerly the brand’s associate branded content beauty editor.
Unstable borrowing conditions and a lack of affordable properties kept homeownership out of reach for many Americans in 2023. However, as the spring buying season approaches and signs that the market is recovering emerge, buyer sentiment is shifting. According to the National Association of Realtors®, national existing home sales in January 2024 were up year-over-year by 1.3%. Housing supply is also improving, with national inventory up by 3.1% year-over-year and 2% month-over-month.
These positive changes are setting the stage for an active spring market in the US. But as competition increases, so do home prices. The national median price for a single-family home in the US increased by 5.1% year-over-year in January to $379,100. This begs the question: where can prospective homebuyers find the best deals this spring?
To better understand where homebuyers can find pockets of affordability, Zoocasa analyzed home prices in 50 metropolitan statistical areas across the country to determine which are below the national median and where the most growth is happening. Median single-family home prices were sourced from the National Association of REALTORS® and are from Q4 2023, except the national median home price which is from January 2024.
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It’s usually said that the further outside of an urban center you go, the more affordable the home price. But of the 33 metropolitan statistical areas with a median home price below the national median, 15 have populations above 2 million, and five have populations above 5 million. The largest urban center with a median home price below the national median is Chicago, IL with a median home price of $343,300 in Q4 of 2023. Despite the city experiencing year-over-year price growth of 6.2%, Chicago’s median home price is still $35,800 below the national median.
Of the 50 markets we analyzed, Cleveland, OH came out on top for affordability. Cleveland’s median home price of $190,700 is an impressive $188,400 below the national median and is one of the few areas on our list where the median home price dropped from last year. Other markets where the median home price fell from last year include Myrtle Beach, SC, Houston, TX, San Antonio, TX, and Memphis, TN. Alabama’s capital, Montgomery, was the only other market on our list besides Cleveland with a median home price below $200,000. Homebuyers here can snag a home for approximately $185,700 below the national median.
It’s worth noting that five out of the six markets that experienced year-over-year price growth of more than 9% have home prices below the national median. These markets include Rochester, NY, Hartford, CT, New Haven, CT, Oklahoma City, OK, and Cincinnati, OH. This means that homebuyers of all price ranges, including those purchasing lower-priced homes, can still expect to build a significant amount of equity.
Markets that have experienced significant year-over-year price growth also present good investment opportunities. For instance, single-family homes in Philadelphia, PA have experienced year-over-year price growth of 7.2% and are still $20,100 below the national median price, making this sought-after city a good option for first-time investors. Kansas City, MO is an emerging market that would make a great first-time investment location. The city garnered a lot of media attention last year thanks to the city’s football team and frequent Taylor Swift visits, resulting in the median home price rising by 5.9% year-over-year. Despite its growing popularity, the median home price in Kansas City remains one of the lowest on our list at $315,800.
Homebuyers with their hearts set on a particular destination, especially one of the largest and most sought-after cities in the US, would benefit from considering smaller markets relatively close to their dream location. While the Big Apple might be out of reach for the average buyer, with a median home price of $659,200, New York’s second and third-largest cities still maintain affordable prices. Buffalo and Rochester have median home prices of $243,500 and $230,500 respectively. This is nearly $150,000 less than the national median, compared to New York City, where the median home price is more than $280,000 above the national median.
Though San Francisco, CA, and Los Angeles, CA have notoriously high home prices, at $1,251,000 and $884,400 respectively, California homebuyers still have affordable options. At just $26,600 above the national median, Fresno’s median home price is one of the more affordable options in California. But for savvy buyers looking for a deal in California, Bakersfield presents the best option with a median home price of $11,800 below the national median.
In Florida, motivated buyers on the hunt for affordable prices will have to look outside of the vibrant Miami market, which has a median home price more than $200,000 above the national median. Tampa’s median home price exceeds the national median by just $30,900, while Daytona Beach and Tallahassee offer more affordable housing, with median prices $16,700 and $57,100 below the national median, respectively.
Planning to enter one of these markets this spring? It’s important to speak with a local realtor who is familiar with your local real estate market. Give us a call today to discuss your home-buying plans.
Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales, the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.
Several Fed districts reported that a dearth of for-sale inventory contributed to faster home price growth since January. The spring homebuying season, which got underway a bit earlier than usual, was off to a good start in districts like New York and Dallas.
“Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book.
The outlook for future economic growth remained generally positive as economists, market experts and business organization leaders interviewed for the report noted expectations for stronger demand and less restrictive financial conditions over the next six to 12 months.
The Beige Book, which was compiled by the Federal Reserve Bank of San Francisco using information gathered on or before Feb. 26, does not reflect the most recent rise in mortgage rates, which have surpassed 7% on HousingWire’s Mortgage Rates Center.
The Beige Book is published two weeks before each meeting of the policy-setting Federal Open Market Committee. The FOMC is expected to leave its benchmark interest rate unchanged when policymakers gather on March 19-20. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.
Federal Reserve Chair Jerome Powell reiterated Wednesday that policymakers still need to gain “greater confidence” that the battle against inflation is conquered before cutting interest rates.
“We believe that our policy rate is likely at its peak for this tightening cycle,” Powell said during testimony before the House Financial Services Committee. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year.”
Following are excerpts of statements on housing conditions from the Federal Reserve districts, drawn from the newly released Beige Book.
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Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. Contacts cited modest declines in mortgage rates since last fall as a likely reason for buyers’ increased willingness to enter the market.
Although inventory levels remained low, listings increased by modest to significant margins around the First District in recent months, lending increased optimism for sales moving forward. Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023.
New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal. While inventory generally remained exceptionally low, inventory in New York City has begun to normalize. Many buyers who were waiting for a reprieve in mortgage rates have started to return with the intention of refinancing later. Though mortgage rate lock-in continues to limit new listings, particularly in the New York City suburbs, listings have increased in upstate New York as people have continued to leave the area for warmer climates.
Still, with such limited inventory, home prices have continued to press higher. Bidding wars were prevalent in the New York City suburbs but have been more limited in upstate New York.
Philadelphia: The inventory of for-sale properties remained extremely low as it has since the pandemic began. But real estate agents noted that higher interest rates have severely limited new listings over the past year and were responsible for the significantly lower level of closings.
New-home builders continued to report steady sales at relatively strong levels, in part because of the lack of existing for-sale homes. Most expect their pipeline of contracts to keep construction busy through the year.
Cleveland: Residential construction contacts reported that demand increased as mortgage rates declined. But real estate agents indicated existing-home sales changed little because inventory remained low.
Looking ahead, homebuilders and real estate contacts anticipated that demand would increase should mortgage rates fall, encouraging some “customers [who had been] waiting on the sideline” to move forward with home purchases.
Richmond: Respondents noted an increase in listings and buyer activity, but the elevated mortgage rate made buyers more tentative on making home purchase decisions. Sales prices have flattened, but there were still multiple offers on many homes.
Days on market increased slightly but remained below historic averages. The home construction market was constrained as it was difficult to find land and to receive permitting for new developments. Residential construction costs started to moderate this period.
Atlanta: As mortgage rates retreated from cyclical highs, homeownership affordability improved throughout the district. But home sales in most major markets ended the year well below seasonal norms and remained significantly behind pre-pandemic levels. Potential buyers locked into historically low mortgage rates remained reluctant to move, and migration into the district moderated through 2023, resulting in diminished housing demand.
Existing-home inventory levels were also suppressed by the “lock-in effect,” resulting in flat to moderate price growth in many markets. Demand for newly constructed homes was boosted by the lack of existing homes and builders.
Chicago: Residential real estate activity was down moderately, although prices were steady overall. High interest rates and a low supply of existing homes for sale continued to hold back activity.
St. Louis: Residential real estate sales have slowed since our previous report. Contacts in Arkansas and Tennessee reported that the low end of the market continues to be strong, while contacts in Missouri and Southern Indiana reported higher-end homes selling better. Rental rates for residential real estate have remained unchanged since our previous report.
Minneapolis: Single-family development remained soft, with modest but spotty increases in some district markets compared with a year earlier. A Minnesota contact said that “consumers quite abruptly stopped spending discretionary income on larger home improvements.”
Dallas: Home sales rose during the reporting period, and contacts noted that the spring selling season was generally off to a good start. Cancellation rates were down, buyer incentives were less prevalent, and builders said they were raising prices slightly in some markets.
Outlooks were positive, although contacts cited economic and political uncertainty, diminished affordability and tight lending.
San Francisco: Real estate activity rose slightly overall. Residential construction strengthened. Demand for single-family homes picked up slightly, as mortgage rates, though still elevated, moderated a bit in recent weeks. To attract reluctant homebuyers, some homebuilders began offering variable-rate mortgages at below-market interest rates, which revert to market pricing after a year, at which point buyers are reportedly expecting rates to be lower.
In a world where speed and convenience have been the siren song to consumers, there’s a movement toward buying more mindfully, sustainably, “slowly.”
You’ve heard of slow fashion. Slow food. Slow travel. And when it comes to the home, “slow decorating.”
A reaction against rooms filled with mass-produced “fast furniture,” slow decorating embraces a more deliberate approach that prioritizes a personal connection to the stuff we live with. It might mean giving new life to heirloom or found pieces. Or buying new things that have the quality to last.
The journey of creating a space is as important as the destination.
New York City designer Gideon Mendelson thinks the movement echoes the Japanese philosophy of “ikigai,” which centers around finding meaning and purpose. Applied to interiors, it’s about creating spaces that promote all-around well-being.
“To me, good design makes room for living and doing. Decorating with meaningful pieces isn’t about chasing an aesthetic, but curating spaces that resonate with authenticity and personal stories,” he says.
“It’s not just about how it looks; it’s about how you want to live.”
And you don’t have to spend a lot, he says. He framed some inexpensive yet eye-catching vintage deli signs, adding a playful element to the Hamptons dining room of a family of five.
The trend toward “slower,” more thoughtful interior design, Mendelson thinks, lies in subtleties: “The cherished heirlooms, and the intimate connection between a space and its inhabitants.”
TOSSING HAS BECOME TURNING
Fast furniture’s association with cheaper materials, excessive packaging and frequent replacement clashes with consumers’ growing interest in minimizing our lasting impact on the planet.
Now, we’re buying more mindfully, but we’re also having a lot of fun DIYing.
During the pandemic, slow assembly lines and stalled container ships meant a lot of brand-new homewares weren’t getting made or sent to market, so upcycling stuff we had or found became hobby, and often necessity.
If you could find a great credenza at a flea market or online reseller that just needed a little TLC, why not?
Not too long ago, decor trade shows would include a handful of studio labs offering reclaimed wood items and organic textiles. Today, at global fairs like Ambiente in Frankfurt, Salone in Milan and Paris’ Maison et Objet, hundreds of companies show new design made with environmental and social impact in mind. Fair trade manufacturing. Fast-growing renewables like hemp, bamboo and cork. Cushions made of soy-based foam instead of petroleum-based foam. Recycled glass and metal accessories.
Mid 20- and 30-somethings are seen as drivers of the slow design trend. TikTok and Instagram feeds are full of refinish-and-reveal videos, and modest abodes full of found treasures.
Stephen Orr, editor in chief of Better Homes & Gardens, says he’s spent the past couple of years renovating a 1760s house on Cape Cod.
“The first year was during the pandemic, so antiques and flea markets were a godsend considering all the supply chain disruptions,” he says.
“But during that process, we came to the realization that pieces with a patina of age better celebrate the house’s long history anyway.”
He also added some new, modern pieces “so it doesn’t look like we should be dressed in period Colonial Williamsburg costumes.”
SHOPPING TIPS
Furniture for sitting, sleeping and eating is where you should spend more money on quality, says Jillian Hayward Schaible of Susan Hayward Interiors.
“We encourage clients to invest in pieces like sofas/sectionals, beds, dining tables and upholstered items, because you can really feel the difference when these items are well-made,” she says.
Peter Spalding of the designer furniture sourcing platform Daniel House Club notes that imitations of Chippendale and other legacy-style pieces — think cabinets and wingback chairs, for example — were common in the ‘80s and early ’90s.
“Now, the imitations aren’t very valuable, but the originals remain highly sought after,” he says. “As you collect ‘slow furniture,’ buy the most authentic versions you can afford.”
Dan Mazzarini of BHDM Design and ARCHIVE echoes the advice.
“If you’re looking for a good investment, go straight to vintage. Things that have already stood the test of time often have another 50 years left in them! Side tables, desks, even cabinets are great pieces to look for,” he says.
Mendelson mentions a pair of vintage French plaster shell sconces in his Sagaponack, New York, home. He bought them 15 years ago “and they still feel fresh and relevant today.”
“I think a desire for one-of-a-kind and bespoke is at least starting a conversation about handmade,” he says. “Quality vs quantity. Living with intention.”
STORES ON BOARD
Many retailers are getting seats on the slow train. West Elm, for instance, was early among home retailers in joining Fair Trade USA, which ensures that suppliers maintain good workplaces and wages, and support their communities.
The global reforestation project One Tree Planted gets part of every purchase from furniture brand Joybird. Herman Miller’s rePurpose program gets used furniture to nonprofit organizations. And Ikea has initiatives like moving to bio-based glue, and instituting a buy-back/re-sell program that saw 230,000 items given a new life in 2022.
For the past five years, the United Nations Refugee Agency’s MADE51 initiative has helped artisans partner with fashion and home accessories businesses worldwide to create sustainable, fairly traded goods.
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New York-based writer Kim Cook covers design and decor topics regularly for The AP. Follow her on Instagram at @kimcookhome.
For more AP Lifestyles stories, go to https://apnews.com/hub/lifestyle.
Inside: Discover the secrets to earning $200k a year. Learn to choose industries, negotiate salaries, and balance life with high-income careers.
Achieving a $200,000 annual income is a financial milestone that many aspire to reach, but not everyone knows how to realistically attain.
Whether you’re starting from scratch or looking to elevate your current earnings, the blueprint to a $200K income is within your grasp. It all begins with a strategic approach that leverages both a steady job and an entrepreneurial spirit.
Achieving a $200k salary is not just about luxury—it’s about stability and security. With rising living costs, including student loans, mortgages, and everyday expenses, earning a high income is increasingly vital to maintaining a comfortable lifestyle.
By combining the stability of a well-paying career with the dynamism of a side hustle, you can fast-track your way to this lofty goal.
In this comprehensive guide, we dive deep into a method that suits everyone to make $200000 this year.
You’ll learn how to harness your passions, manage your time and expenses, and create a foolproof plan that caters to your strengths and circumstances.
How to Make 200k a Year
Achieving this level of annual income is a significant financial goal that necessitates a well-devised strategy combining steady employment with entrepreneurial endeavors.
This is possible for anyone to do. You have been making 10k a month for a while now and want to make the leap.
You just must be steadfast in pursuing your goals.
#1 – Identify high-income skills and industries
The first step toward making $200k a year is to recognize the skills and industries that command such salaries. Technology and finance are prime examples where hard work and expertise can lead to impressive earnings right out of college.
Specialized skills in software development, cybersecurity, data analysis, and AI are highly sought after. Additionally, roles in investment banking, private equity, and hedge funds are lucrative but come with intense competition and long hours.
Identifying these prospects involves understanding market needs, so be prepared to continually adapt to the latest industry trends. I cannot stress how important these high income skills are for your income.
Top Skills: Software Development, Cybersecurity, Data Analysis, Artificial Intelligence, Financial Analysis
Top Industries: Tech, Finance, Consulting, Healthcare, Legal
#2 – Degrees and Courses That Could Lead to 200K Jobs
If you’re seeking a high-paying career, focusing your education in specific areas is crucial. Advanced degrees, such as a doctoral degree in medicine, law, business administration (MBA), or specialized engineering can pave the way to high-paying roles.
For those with a penchant for academia, pursuing specialized courses that lead to becoming a medical lawyer, dentist, neurologist, psychiatrist, or gynecologist can be extremely rewarding. However, keep in mind that these paths generally require significant time and financial investment in education before reaping the financial rewards.
However, there are plenty of low-stress jobs that pay well without a degree.
Recommended Degrees: Medicine, Law, Engineering, Business Administration (MBA)
Embarking on entrepreneurship is a thrilling yet challenging path to reach unlimited annual income.
To start a business that prospers, it’s essential to identify a market need and create a clear business plan. Whether you’re selling a physical product, offering a service, or thriving in the digital market through online marketing, e-commerce, or app development, dedication, and strategic growth are paramount.
Investing both time and capital wisely, and adapting to market feedback can help you scale your business to meet and exceed your financial goals.
Investment Tip: Consider start-up costs carefully, and plan for lean operation.
Growth Strategy: Focus on customer satisfaction, scaling smartly, and marketing effectively.
#4 – Advance in your current career
Climbing the corporate ladder within your existing professional environment is a viable route to a higher salary.
To do this, focus on excelling in your current role, continuously improve your skills, and demonstrate the value you add to the company. Seek out leadership roles, ask for challenging projects, and take on responsibilities that align with the company’s revenue-generating activities.
Remember, promotions often come with significant pay raises, and it’s essential to communicate your career goals with your employer to align your trajectory with the available opportunities. Just watch the number of working hours you put in.
Key Strategies: Exceed performance expectations, take initiative, and pursue leadership roles.
Professional Development: Continued education, certifications, and networking are critical for advancement.
#5 – Invest in real estate for passive income
Real estate investment remains a cornerstone strategy for building wealth.
Focusing on location is key; properties in high-demand markets can yield substantial returns through rental income and appreciation. Paying with cash rather than financing can lead to better deals and avoid interest payments, as debt can eat into profits.
Moreover, platforms like Fundrise allow investors to start with as little as $10, which could be a smart move if you’re seeking a hands-off investment with a diverse real estate portfolio.
Investment Insight: Cash purchases may provide better deals, reducing financial risk.
Real Estate Tip: Choose high-demand locations for better rental income and property appreciation.
#6 – Maximize income through stocks or other investments
Investing in the stock market through individual stocks, mutual funds, or exchange-traded funds (ETFs) is another way to potentially earn $200k a year. Dividends from some of these investments can also serve as a consistent income stream.
Consider focusing on industries poised for growth or stable dividend-paying stocks, as these can offer a balance between growth potential and income reliability.
Additionally, alternative investments such as cryptocurrencies or option contracts can offer high returns, but come with high volatility. Always conduct thorough research or consult with a financial advisor before making significant investment decisions.
Learn how to invest in stocks for beginners.
Investment Strategy: Diversify your portfolio, focus on growth sectors, and consider enhancing your investment knowledge.
Cautionary Note: Be aware of market risks and do not invest more than you can afford to lose.
#7 – Gain Relevant Experience in High-Demand Fields
To command a $200k paycheck, it’s essential to gain experience in fields where the demand for your skills exceeds the supply.
Industries such as technology, healthcare, and specialized consulting are in constant need of experienced professionals. Work on projects that showcase your expertise and build a robust professional portfolio.
You can also consider a side hustle like freelancing or consulting to gain a broad range of experiences that can make you an attractive candidate for high-level positions.
Experience Building: Take on varied projects, freelance, or consult in your niche.
Portfolio Enhancement: Document your successes and gather testimonials or recommendations.
#8 – Continuous Learning and Adaptability to Stay Ahead
In the dynamic job market, staying complacent can mean getting left behind. Cultivating a habit of lifelong learning and adaptability is crucial. Did you know you are an appreciating asset?
This may involve updating your skill set to keep pace with technological advancements, attaining new certifications, or attending industry conferences and workshops. Remember that cross-skills, like project management or business analytics, are also valuable and can complement your primary expertise.
Embrace change and be willing to pivot when necessary to maintain your competitive edge and earning potential.
Professional Development: Seek out further education and certifications.
Adaptability: Stay open to industry shifts and be ready to pivot your skills accordingly.
Careers That Make 200K a Year is Common
In certain careers, a $200K annual salary is not an exception but rather a common expectation.
Positions in healthcare such as surgeons, specialists, and anesthesiologists often offer salaries exceeding this amount. Moreover, top-level executives, experienced lawyers, and investment bankers are typically in the higher income bracket due to the high stakes and demands of their industry. In tech, senior software engineers and IT executives with strong track records in hot markets like Silicon Valley can command these salaries, too.
Success in these careers requires a combination of advanced education, considerable experience, and sometimes, the right location.
Within these industries, focus on roles that are crucial to core operations, innovation, or revenue generation.
For tech, this might involve AI, machine learning, and cybersecurity. In finance, investment strategists and financial advisors are in demand. In healthcare, specialized practitioners command higher salaries whereas, in the legal field, corporate lawyers and litigators typically earn more.
Just to note… taxes will take a substantial amount out of your paycheck. So, you want to aim for $200k as net income.
Factor #2 – Climbing the Ladder: From Mid-Level to Top-Tier Positions
Transitioning from a mid-level position to top-tier status demands a proactive career strategy. Aim for roles that impact the company’s bottom line, such as project management or strategic planning, which often lead to executive positions.
Make sure to seek mentors who can offer guidance, and build a reputation for reliability and innovation. Networking within your industry can uncover hidden opportunities and give you a competitive edge.
Strategic Positioning: Focus on profit-impacting roles and responsibilities.
Career Growth: Network, seek mentorship, and demonstrate leadership capabilities.
Always aim to bring value to your organization, as this will be your leverage when seeking promotions and negotiating salary increments.
Factor #3 – Negotiation Tactics for a High Paying Salary
Securing a salary of $200k often hinges on your ability to negotiate effectively.
Begin the negotiation process by researching the standard salary for your position in your industry and region. Articulate your value by enumerating your accomplishments, experiences, and the results you can deliver.
Prioritize non-salary benefits that may be equivalent to a higher income, such as bonuses, commission, stock options, or flexible work arrangements. When discussing figures, aim higher to give room for negotiation.
Research: Know industry salary benchmarks.
Value Proposition: Clearly communicate your potential contribution.
Remember, negotiation is a dialogue, so listen carefully, be respectful, and maintain a professional demeanor throughout the process.
Factor #4 – Building Professional Relationships That Open Opportunities
Fostering robust professional relationships is key to unlocking high-paying roles, as connections can lead to opportunities that aren’t publicly advertised.
Networking is an art. It goes beyond just asking the question, “What do you do for a living?“
Actively engage with peers at industry events, be genuinely interested in others, and offer help before you ask for it. Maintain a positive online presence on platforms like LinkedIn, where you can connect with like-minded professionals and hiring managers.
Networking: Engage in industry events and platforms like LinkedIn.
Relationship Management: Nurture connections and seek meaningful interactions.
Don’t forget to nurture existing relationships – a recommendation from a trusted colleague can provide a significant edge in landing a coveted position.
Factor #5 – Cities and Regions with the Best High-Paying Job Markets
If you’re eyeing a lucrative salary, it’s strategic to consider the geographic landscape of high-paying jobs.
Major economic hubs like New York City, San Francisco, and Boston have dense concentrations of Fortune 500 companies and start-ups that offer competitive salaries, especially in finance and tech. However, these cities come with higher costs of living.
Comparatively, cities like Austin, Seattle, and Denver have burgeoning tech and business sectors with a more balanced cost of living.
Economic Hubs: New York City, San Francisco, Boston.
Balance Seekers: Austin, Seattle, Denver.
Consider looking for cities that have a vibrant job market in your industry, but a reasonable cost of living to maximize your income-to-expense ratio.
Factor #6 – Remote Work: A Gateway Being Global
The rise of remote work has opened a world of possibilities for professionals seeking higher salaries. You can work in a low cost of living country and still get a good income and save the rest.
With remote positions, you’re not limited by location and can work for companies with higher pay scales in stronger economies, practicing geographic arbitrage to your advantage. Sectors like tech, marketing, and design are ripe with remote opportunities that pay well.
Geographic Arbitrage: Tap into stronger economies and work remotely.
Global Accessibility: Utilize online platforms to access high-income roles worldwide.
To capitalize on this, enhance your digital presence, showcase your skills online, and engage with global job platforms. Also, consider the time zones and cultural work patterns of employers to ensure a smooth collaboration.
FAQs About Securing a 200K Job
A salary of $200k is relatively rare, with only a small percentage of U.S. households earning at this level.
According to recent statistics, 11.9% of U.S. households had an annual income over $200,000.1
However, this figure can vary significantly by industry, location, and level of experience.
This is 100% possible with the rise of technology and the internet.
To do this, you must focus on industries that value skills and experience over formal education.
Professions like real estate brokering, high-level sales, business entrepreneurship, or becoming a skilled tradesperson. You just need strong persistence.
The likely answer is typically one needs a grad degree or extensive experience in high-paying fields like medicine, law, engineering, or business.
However, specialized certifications, proven expertise, exceptional skills, or entrepreneurship can also be your ticket to this income level without traditional qualifications.
What Jobs Pay 200k a Year Interest You?
Now that you’re equipped with knowledge about reaching a $200k salary, consider which roles resonate with your skills and passions.
Maybe you’re intrigued by the challenge of a tech startup, or the idea of saving lives as a healthcare specialist is what drives you. Perhaps the strategic element of financial planning appeals to your analytical side, or the autonomy of forging your path as an entrepreneur is a calling.
Remember, selecting a profession that not only offers financial rewards but also aligns with your interests and values is crucial for long-term satisfaction and success. High tech degrees are highly sought after right now.
The great part about making this amount of money is you can increase your savings rate, but that doesn’t mean you should leave beyond your means.
There are plenty of avenues that will have you making over six figures quickly.
Source
Statistic. “Percentage distribution of household income in the United States in 2022.” https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/. Accessed February 28, 2024.
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Online interior design startup Havenly is acquiring artisan home décor startup The Citizenry, the company announced today. The financial terms of the deal were not disclosed. Havenly says the acquisition is part of its efforts to build a collection of home brands that appeal to shoppers. The deal marks Havenly’s third acquisition in two years.
Launched in 2014, The Citizenry works with artisans from around the world to produce limited-edition runs of handcrafted home goods. By acquiring The Citizenry, Havenly is expanding its offerings in furniture, textiles and home décor.
Havenly CEO Lee Mayer told TechCrunch that the company’s vision is to create a design-first ecosystem “for the rising, digitally native, home consumer.” The company has been acquiring brands in the home furnishing space over the past three years to expand its portfolio. Last year, Havenly acquired customizable furniture and upholstery brand Interior Define. In 2022, the company purchased home furnishing brand The Inside.
“Havenly customers will have access to shop The Citizenry’s assortment of elevated home décor products that are both beautifully designed and have meaning,” Mayer said. “The Citizenry works with master artisans and heritage manufacturers to bring to market beautifully designed, globally-inspired products that are ethically crafted — from rugs and bedding, to decorative baskets and accents. Havenly customers will have the opportunity to support these makers, while cultivating a truly unique and meaningful home for themselves.”
Havenly’s most recent funding round was its $32 million Series C announced in October 2019. The round brought Havenly’s total amount of funding raised to $57.8 million.
As for The Citizenry, the startup most recently raised $20 million in Series B funding in June 2021. The company opened its first brick-and-mortar store in New York City in 2020. Havenly says it doesn’t have any plans to make changes to the store.
In terms of the future, Mayer says Havenly will continue to try and understand what consumers are looking for from a home design perspective and evolve its product and portfolio to meet those needs, as digitally native millennials become the majority of home buyers and the driving force in home décor and home furnishings.
Mayer says Havenly “sees a generational opportunity to be at the forefront of the conversation as the overall home furnishings and design market modernizes to serve this dynamic customer base.”