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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?
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.
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,
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.
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.
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.
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
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