Elevator Budget

What is an elevator budget?

A large financial budget

An elevator budget is a big budget, allowing you to purchase (or rent) more expensive things, such as apartments, cars, and clothes. For example, your friend may exclaim before a night out on the town, "We're living large tonight! Mama's got an elevator budget!"

Origin of elevator budget

The "elevator budget" slang term comes from the high price of apartments with elevators on the Manhattan Island of New York City. If a person can afford an apartment with an elevator, they have a higher budget than those who can only afford apartments without an elevator (where they have to walk up the stairs).

Example

Do you know what Kari is looking for?
She's got a pretty significant elevator budget, so she's looking for something in the $1.5 million range
A couple looking for an apartment without an elevator budget
A couple looking for an apartment without an elevator budget

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Updated September 6, 2023

Elevator budget definition by Slang.net - The Slang Dictionary

This page explains what the slang term "Elevator budget" means. The definition, example, and related terms listed above have been manually compiled and written by the Slang.net team.

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