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Old 12-15-2011, 10:54 AM
 
11 posts, read 19,532 times
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Hi everyone so my rent will be $1500 a month. Ill have a roommate. How much do I need a month to cover car payment, insurance and all utilities? Thanks! Utilities will also be split in half to. Thanks

Were u 21 and moved ro brooklyn? How much did u pay? Ill be living in the kensington neighborhood
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Old 12-15-2011, 10:58 AM
 
2,848 posts, read 7,577,420 times
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You should plan to make at least 40x the rent you intend to pay.
Do you have a job yet?

Also you should consider whether you really need a car with the public transportation available.
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Old 12-15-2011, 08:34 PM
 
1,519 posts, read 1,815,444 times
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23,849
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Old 12-15-2011, 09:29 PM
 
Location: Long Island, NY
1,775 posts, read 3,783,495 times
Reputation: 1894
$60k minimum amd thats assuming housing and utilities come to $1700/month..i agree dumping the car would be a good idea if you work in Brooklyn or Manhattan, however if you do have a car, I suggest you get an old car to avoid finance or lease payments (2002-2008 Toyotas or Hondas are quite reliable) and insurance will run you anywhere from $1200-1800/yr depending on what you drive and specific neighborhood (auto insurance rates vary based on neighborhood safety stats). When I lived on my own in South Queens, I was pulling in $ 62K with housing costs of around $1900-2K/month (also w a $300/month car payment) and I was getting by, but by no means "comfortable"- I easily went over budget some months based on grocery bills/restaurants, health costs, gifts, car repairs/maintenance, etc...
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Old 12-16-2011, 07:55 AM
 
Location: Brooklyn New York
18,462 posts, read 31,617,011 times
Reputation: 28001
this should be all figured out before you rent an apartment.
Roomates are never a good idea.
Also, when living with roomates you have to say, if the roomate drops dead, can i afford the apartment by myself until i find another roomate...
if the answer is no, then dont do it
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