Is independent app development really so depressing?

It certainly seems so. From Jared Sinclair, the developer behind the seemingly popular Unread RSS reader:

Unread for iPhone has earned a total of $32K in App Store sales. Unread for iPad has earned $10K. After subtracting 40 percent in self-employment taxes and $350/month for health care premiums (times 12 months), the actual take-home pay from the combined sales of both apps is $21,000, or $1,750/month.

Certainly seems grim considering all the work and time that will have gone into making Unread.

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