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Is it recommended to move to NY to make big money ($400,000 a year or more) ?
Me and my wife are in mid 30s and make close to $200,000 total in Dallas and have 2 kids and a 4000 sqft house on a 8000 sqft lot with a pool. The only thing bothering is its becoming a very mundane life working from 8 to 6 Mon-Fri.
How easy or difficult would it be to get jobs that pay upwards of $200-$300,000 for each of us.
We understand that we will move out of our comfort zone of big house, 10 minute commute to work, driving a fancy car, etc.
It all depends on what you do. But if you want your kids in private school (which is probably a better bet), then $30,000+/year (depending on the grade) is necessary per child.
Even if you made more money, I don't know if your quality of life would improve by moving up here. I know a lot of lawyers working in big-law try to get jobs in Dallas & Houston because of the very low cost of living compared to NYC.
It depends on what you do for a living. Some jobs do pay more in NY, others do not. Certainly you can live a very nice life in NYC on $400K+/year. Although you may simply be completely unable to find comparable housing within a reasonable commute, as it simply does not exist.
You could get a very nice apt or brownstone though.
Brownstones in Manhattan (in not very nice areas and in poor condition) START at about a million dollars. A nice brownstone in a decent (though not top-flight) neighborhood are about 5 million. And, of course, if the brownstone of your dreams is on East 65th between Park and Madison, or 5th and Madison, you can EASILY drop 10 - 15 million dollars to buy it.
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