U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 03-19-2012, 07:28 PM
Location: Minneapolis, Minnesota
1 posts, read 3,542 times
Reputation: 10


Hey, I'm about to graduate from the University of Minnesota this May, and I have a job offer in New York. The initial offer is 45k, but I may be able to negotiate it up to 50k. My cousin has a rent stabilized 2 br apartment in West Village and will have an open room come June, so I will be able to live with him and I'll be paying him 800 per month. With utilities, I imagine I'll be paying 11k a year on housing. I don't have any student debt or any credit card debt. Will I be okay on that salary living in Manhattan?
Quick reply to this message

Old 03-19-2012, 07:50 PM
Location: Wrong side of the Hudson
508 posts, read 1,915,985 times
Reputation: 276
Yes, it's doable. You're young and have a great deal on rent lined up. Take the job, pay your dues, and enjoy being young in NYC. I made similar money when I first moved here and paid significantly more in rent while still having money to enjoy the city.
Quick reply to this message
Old 03-19-2012, 07:55 PM
2,621 posts, read 2,595,174 times
Reputation: 2274
Theoretically, you'll have about 20k of disposable income (after taxes)at 45k.
You'll have about 35k after taxes. 15k for rent, food, and utilities; 5k for an IRA; 5k for emergencies. Go have fun with the other 10k throughout the year,

You'll be fine.
Quick reply to this message
Old 03-19-2012, 08:30 PM
Location: Manhattan
1,167 posts, read 2,202,509 times
Reputation: 1330
Considering you have such a great deal on rent and no student loans to pay back, you'll live perfectly fine and will be able to have a lot of fun living in New York.
Quick reply to this message
Old 03-19-2012, 08:52 PM
Location: Queens, NYC
422 posts, read 612,243 times
Reputation: 334
If you have no loans and are only paying $800 a month for an apartment, you will be fine in Manhattan. However, don't spend all of your disposable income foolishly, as the Manhattan lifestyle is expensive and can absorb you quickly.
Quick reply to this message
Old 03-19-2012, 09:06 PM
1,561 posts, read 2,363,641 times
Reputation: 1153
Live within your means and you'll do fine.
Quick reply to this message
Old 03-19-2012, 09:12 PM
Location: New York City
2,809 posts, read 5,374,633 times
Reputation: 3116
Practically speaking, alone you will be fine, but if you start dating and spending bigger money on the weekends it will be harder. For some people, they are okay getting a slice of pizza and seeing a free concert. Others feel compelled to wine and dine their dates. You have to know who you are and whether you will be okay being necesarrily cheap. This is just something to think about.
Quick reply to this message
Old 03-20-2012, 09:28 AM
Location: Manhattan
1,700 posts, read 3,011,326 times
Reputation: 2397
Yes, do it. You'll be living in a great part of the city.
Quick reply to this message
Old 03-20-2012, 11:58 AM
Location: Astoria, NY
2,871 posts, read 4,384,757 times
Reputation: 2117
Very doable with the deal you're getting.
And like others have said here, that's a very fun part of the city.

Quick reply to this message
Old 03-21-2012, 06:36 AM
167 posts, read 216,036 times
Reputation: 56
at first I was going to say

"lol, no"

but you got the rent stabilized thing so you'll be fine.

don't worry about impressing girls, if they want a rich guy there is really no comparison to a wage worker even if you were making 3x the salary in financial services. so just enjoy the company and don't try to pretend to flaunt your wallet
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $99,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
Similar Threads

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top