live in Jersey City, work in NYC @ $75k per year? (Hoboken: rent, home)
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Jersey City is very nice! Especially in Exchange Place. I currently attend a mentoring program at Barclays Capital in that area and have never been before. I have now definitely become very attracted to that area and its location. Right by the Holland Tunnel and Green Street/Washington Street there are some very nice apartment buildings. Its a nice area with bars and buzzing with young professionals. Its expensive, but not on your salary.
Jersey City is very nice! Especially in Exchange Place. I currently attend a mentoring program at Barclays Capital in that area and have never been before. I have now definitely become very attracted to that area and its location. Right by the Holland Tunnel and Green Street/Washington Street there are some very nice apartment buildings. Its a nice area with bars and buzzing with young professionals. Its expensive, but not on your salary.
Congrats on your success!
??? . That's barely a square mile of Jersey City. Don't get so excited, visit the rest before you make a blanket statement.
You will be working in Manhattan, you said, and therefoe you will have city income tax deducted from your paycheck. To my knowledge, you can deduct these taxes from your federal income taxes, not from NJ state. You only mentioned NY state income taxes.
You will be working in Manhattan, you said, and therefoe you will have city income tax deducted from your paycheck. To my knowledge, you can deduct these taxes from your federal income taxes, not from NJ state. You only mentioned NY state income taxes.
This is not correct, you do not have to pay NYC income tax unless you live in NYC.
You will be working in Manhattan, you said, and therefoe you will have city income tax deducted from your paycheck. To my knowledge, you can deduct these taxes from your federal income taxes, not from NJ state. You only mentioned NY state income taxes.
Non-residents working in NYC do not have city income tax deducted from their paychecks. NYS tax, yes. NYC tax, no.
I'd recommend Grove Street for you- lots of restaurants and bars if you do want to go out, lots of art-related things, but not too crazy. Rents are reasonable especially if you live in a multi-family house. NYC is great, but living there or in Brooklyn comes with lots of added expenses. Taxes there are higher and even incidentals cost more because there are less discount stores out there (like Target and Walmart, both of which are near you in JC). I work in NYC and live in Hoboken and love it- coming home to NJ is very relaxing!
Quote:
Originally Posted by joe moving
would you be happier (or bored) a little further away from the city like Rutherford?
Hi hob360 and joe moving! Thanks for your replies.
@joe moving: I could be happier in Rutherford, but that happiness might be derived only from better savings (I haven't explored Rutherford at all, so I really have no information; I'm assuming that the further I live from NYC, the lower the cost-of-living becomes). Surely, the commute would be longer (about an hour perhaps?), and I would have to think more than twice when making plans with my friends in NYC, especially the late night plans. It is definitely a place that might be on my mind if/when I get married and have kids.
@hob360: Yes, I'm not too keen on living in NYC. Could you tell me what you were referring to by a multi-family house? Did you mean living with a room-mate/room-mates or something else altogether? Also, if I may ask you, do you think living in Hoboken is possible at $75k/year? If so, under what conditions (solo vs. with room-mate(s), decent savings vs. hardly any savings), given my lifestyle choices in the original post? Thanks again for your input!
Jersey City is very nice! Especially in Exchange Place. I currently attend a mentoring program at Barclays Capital in that area and have never been before. I have now definitely become very attracted to that area and its location. Right by the Holland Tunnel and Green Street/Washington Street there are some very nice apartment buildings. Its a nice area with bars and buzzing with young professionals. Its expensive, but not on your salary.
Congrats on your success!
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Originally Posted by cf77
??? . That's barely a square mile of Jersey City. Don't get so excited, visit the rest before you make a blanket statement.
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Originally Posted by nj21
True, but I liked what I saw. My aunt used to live in another area of Jersey City...I didn't like her neighborhood so much? It was a little "ghetto"?
But that was years ago. I guess me seeing Exchange Place made me think they were building the city up for the better.
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Originally Posted by cf77
I hear ya. Yea they basically focus on Downtown for development. The rest hasnt changed much.
Hi nj21 and cf77! Thanks for your replies! I think I should probably visit Jersey City for a couple of days before starting on the job, and see apartments for myself before signing a lease.
@nj21: Do you think one could rent a studio/1-bedroom apartment in Exchange Place on $75k/year and still be able to save good money? All studios/1-beds in Newport, Exchange Place, and Grove Street areas seem to be renting in the $1700-2200/month range. Also, if I may ask, which area of Jersey City did your aunt live in?
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