To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.
New York City is generally considered the most expensive place to live in America. The Numbeo cost of living index uses New York City’s prices as the benchmark for their cost of living calculations, scoring it as 100 out of 100 and expressing other cities’ prices as a percentage relative to what you would pay in NYC .
If you’re moving from within an hour away into the city, expect to spend at least $10,000 the month of your move . Again, you will likely spend more on food and entertainment unless you stay inside. If your move requires a longer drive or air travel, your costs will likely end up somewhere around $14,000.
Your annual salary of $200,000 would end up being about $96.15 per hour. You’d live pretty good in NYC in fact you’d be able to live in almost every neighborhood in NYC . Rent average from 1,500 a month if you are lucky to 4,000 and higher but you could most likely buy an apartment with that kind of salary .
“I definitely think you can live comfortably on a salary of $50,000, even in New York City ,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”
$80k is enough technically but it would be a far more comfortable situation to split a place 2 or 3 ways if hell bent on living in Manhattan. Wouldn’t leave you with a lot left over after paying a $2,000 rent bill plus all utilities on your own.
$500,000 annually, even considering NYC expenses, would be rich, and closer to Top 1 Percent territory than Middle Class. Meaning one could live quite well on $500K.
Yes, easily, but you would have to share an apartment, paying about $750 per month for a room in the outer boroughs and far out in them as well, but at $30,000 your taxes would be low and you might still have $1,000 or so a month left for other expenses.
55k isn’t a bad starting salary in NYC . Most of my friends make around that (we’re all in our mid 20s, most of us moved here after college graduation). Yes, you will be living paycheck to paycheck. You could also go into FiDi for an apartment, so you can definitely live in Manhatten for your salary .
Here are the 10 most risky NYC neighborhoods Brooklyn Heights, Boerum Hill, Dumbo. Chelsea and Hell’s Kitchen. Bedford-Stuyvesant. Downtown. Fort Green and Clinton Hill. Flatiron and Gramercy. Brownsville. Hunts Point.
Basically you should be able to live comfortably for 5 to 6 months without any extra income on 20K . But if you waste money then maybe you need to learn how to best use it first. Invest some of that money and keep some of it in reserve and always add to it and you should be find.
Here are a few more affordable neighborhoods in NYC to check out. Washington Heights ( Manhattan ) Flatbush (Brooklyn) Inwood ( Manhattan ) Murray Hill ( Manhattan ) Sunnyside (Queens) Bedford Park (The Bronx) All areas of Staten Island.
25 jobs where you can earn more than $100,000 a year Physician. Median base salary : $180,000. Lawyer. Median base salary : $144,500. R&D manager. Median base salary : $142,120. Software development manager. Median base salary : $132,000. Pharmacy manager. Median base salary : $130,000. Strategy manager. Software architect. Integrated circuit designer engineer.
NEW YORK, NY – If you can make it here, you can probably do a lot better elsewhere. New Yorkers need to earn $143,794 -a-year to be considered rich, according to a study of 42 major U.S. cities carried out by Business Insider.
A family with a combined income around $250,000 a year may not feel rich . When the international economic world is studied, they are the richest of the rich . The average salary here in the States is still around $50,000. But in America, there is a well-warranted fear about the future status for those earning this much.