Family of 3 coming from Europe, low income, can we make it? (New York: for sale, apartments)

[paolairl]

Hi all,


My husband and I are considering moving to NYC in the summer. He's american and I am Italian, he got offered a place with the New York teaching fellows, and he'll be making roughly 41,000/usd a year. We have a 2 yr old daughter. I will be out of work and minding the kid full time. The other source of income will be a mere 500-550 usd a month we will be getting from renting our italian apartment.

Although we are very excited for the opportunity, we are concerned about the finances.
Will it be feasible to move and live in New York City on such a low income?

Any word of wisdom will be much appreciated.

Thanks a mil!

[Bob The Builder]

Paola

I am an American living in Assisi. We are planning on moving out to NY or CT in the next year or so.

I was just in NY last month.

To answer your question, it is doable, but it is going to be very tight. Does your husband's job provide healthcare? How long are you planning on staying? A Manhattan apartment is very expensive. Where is his job?

Try craigslist: san francisco bay area classifieds for jobs, apartments, personals, for sale, services, community, and events and search for you rental.

Good luck.

[paolairl]

Many thanks neighbour, we are located in Falconara AN

We are going to stay for 3years max. then, once my husband has earnt his master we are planning to move someplace more affordable in the US
Thankfully the job provides healthcare, dental etc..

[Jdawg8181]

Originally Posted by paolairl

Hi all,


My husband and I are considering moving to NYC in the summer. He's american and I am Italian, he got offered a place with the New York teaching fellows, and he'll be making roughly 41,000/usd a year. We have a 2 yr old daughter. I will be out of work and minding the kid full time. The other source of income will be a mere 500-550 usd a month we will be getting from renting our italian apartment.

Although we are very excited for the opportunity, we are concerned about the finances.
Will it be feasible to move and live in New York City on such a low income?

Any word of wisdom will be much appreciated.

Thanks a mil!

you can't live in New york city on $41,000 a year...no way. I don't mean to put a damper on your day, but I would hate for you to makr this big move and realise it's too expensive. New York City is not cheap.

[geos]

You certainly don't want to live in Manhattan. If you must live in NYC look at Williamsburg, Brooklyn only 1 subway stop away or Greenpoint, a few stops extra. Some parts of Queens are worth considering- Elmhurst or Middle Village, Maspeth for example. Astoria, Long Island City, Sunnyside, Woodside are a little sketchier but closer to Manhattan. Some parts of Staten Island are worth considering but of course it's a longer commute (but a free ferry ride). The southeast parts are better but more expensive. But you don't have to live in NYC to work in NYC. Hoboken in NJ is worth a look. Just stay out of Jersey City. Look at Stamford or Norwalk in CT. You'll pay a little more in commuting but overall will be cheaper. The train to NYC is about 1 hour and less than $10. Or if you can deal with a 2 hour commute there's E. Stroudsburg, Matamoras or Milford in PA. If you need to know more specifics just ask.

Originally Posted by paolairl

Hi all,


My husband and I are considering moving to NYC in the summer. He's american and I am Italian, he got offered a place with the New York teaching fellows, and he'll be making roughly 41,000/usd a year. We have a 2 yr old daughter. I will be out of work and minding the kid full time. The other source of income will be a mere 500-550 usd a month we will be getting from renting our italian apartment.

Although we are very excited for the opportunity, we are concerned about the finances.
Will it be feasible to move and live in New York City on such a low income?

Any word of wisdom will be much appreciated.

Thanks a mil!

[bruce814]

NOT to discourage you , but you must be realistic about the NYC fellows program and where they place the teachers. it is most often in a high need school..........meaning the children might be quite challenging.
dont get in over your head until you know if he;s committed to the job and program.

[UpsonDowns]

My husband did the Fellows program and sadly, I don't think the three of you can make it on the salary alone. Although there are benefits, your husband will have to pay a portion of the family healthcare coverage, it's minor but it adds up with the pension payments and taxes and union dues. There are also textbooks and supplies to be purchased.

You husband will most likely be assigned to a very rough school. My husband loves his job and finds it very rewarding, but I worry about him every day.