Could Spider-Man Even Afford to Live in New York City?

Marvel’s Spider-Man is supposed to live and work in New York City. However, this is a costly place to live. Is it realistic for Peter Parker to reside here? Lending Tree’s Tendayi Kapfidze took on the task of figuring out if the web slinger’s living situation aligns with real life. Here’s what the folks over at the online loan marketplace found.

SCARLET SPIDER, SPIDER-MAN, MILES MORALES, IRON SPIDER | Disney XD via Getty Images
SCARLET SPIDER, SPIDER-MAN, MILES MORALES, IRON SPIDER | Disney XD via Getty Images

Where does Peter Parker work?

Peter Parker has had many jobs, but for this analysis, Lending Tree focused on his newspaper job. Parker worked as a photographer at the Daily Bugle. He was also a teacher, an employee at Horizon Labs, and CEO of Parker Industries.

New York is just too expensive for Spider-Man

Spider-Man on scaffolding | Gareth Cattermole/Getty Images
Spider-Man on scaffolding | Gareth Cattermole/Getty Images

If Peter Parker makes a median photographer’s income of $39,840 annually, it will be tough for him to afford New York City life. Based on Lending Tree’s assumption that the superhero spends no more than 28% of his gross salary on housing, he will be roughly $611 short if he purchases a median-priced home and $411 short if he decides to rent a median-priced New York City apartment (roughly $1,341). Based on these numbers, he would have to get roommates or get a higher-paying job. It doesn’t look like New York is for him.

Spider-Man needs to ask for a raise or get a new job

Parker would need to ask for a raise or move on to a new company. An annual salary of $39,840 just isn’t cutting it in New York. Lending Tree says if he moved up to the 75th percentile for earnings, he would be a in a better position to live on his own and support himself in the big city.

 At the 75th percentile of earners in his line of work, Parker would earn $60,570. That means he would be able to afford monthly rent of $1,413. However, if he decides to buy a home, he would have a monthly deficit of $127. At this income level, Parker still wouldn’t be able to consider homeownership.

Spider-Man would need to earn a lot more money to survive in New York City

Spider-Man using his web slinger | Disney XD via Getty Images
Spider-Man using his web slinger | Disney XD via Getty Images

If Parker earns income in the 90th percentile for photographers, he would have a much easier time making it in New York. At this level, his annual salary would be $86,590, according to Lending Tree. He would have a nice cushion for rent (he would be able to afford $2,020 a month). Owning a home would be within reach as he would have a surplus of $480 a month.    

Should Spider-Man rent or buy his home?

Lending Tree asks if the superhero should rent or buy a home. They conclude he would be better off buying his home (provided he increases income and maintains an excellent credit score so he can take advantage of lower rates). Lending Tree’s Kapfidze says becoming a homeowner would allow Spider-Man the freedom to swing around on his web as he pleases and upgrade his home so it could include a custom closet for costumes. He could even build a cool, state-of-the-art science lab if he wanted.  

Read more: How Much Did Tom Hardy Get Paid for Venom?

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