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Old 05-25-2016, 12:17 PM
 
383 posts, read 292,784 times
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Quote:
Originally Posted by HarperQuinn View Post
I agree, I know people who are making $75K and are living comfortably as well as those making $250K but are drowning in debt/having to budget - A LOT of the figures in this thread aren't factual it's based off of preferences and lifestyles.
75K is not a comfortable salary for a single person in NYC.
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Old 05-25-2016, 12:20 PM
 
11,455 posts, read 7,693,701 times
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Quote:
Originally Posted by Cara_319 View Post
75K is not a comfortable salary for a single person in NYC.
It is if you don't feel the need to live in a prime neighborhood
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Old 05-25-2016, 12:29 PM
 
383 posts, read 292,784 times
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Quote:
Originally Posted by l1995 View Post
It is if you don't feel the need to live in a prime neighborhood
A "prime neighborhood," does this translate into a good neighborhood, in a desirable section of NYC?
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Old 05-25-2016, 12:35 PM
 
Location: New York, NY
3,507 posts, read 2,954,751 times
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Quote:
Originally Posted by Cara_319 View Post
75K is not a comfortable salary for a single person in NYC.
I agree - for a person who can't budget and who has a sense of entitlement:

Me, me, me, me! I need more money to eat out, party, buy the latest clothes, shoes, belts, cars, take ubers to and from work! Because it's all about me, me and me!! .
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Old 05-25-2016, 01:22 PM
 
11,455 posts, read 7,693,701 times
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Quote:
Originally Posted by Cara_319 View Post
A "prime neighborhood," does this translate into a good neighborhood, in a desirable section of NYC?
Yes, but many neighborhoods are still good options even if they're not "prime" (not being in Lower Manhattan or Northwest Brooklyn)
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Old 05-25-2016, 01:55 PM
 
Location: Brooklyn, NY born & raised!
2,633 posts, read 4,106,327 times
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Quote:
Originally Posted by NyWriterdude View Post
I know people in the above salary ranges who have PURCHASED HOMES in NYC.

Spending lots of money on rent (and not purchasing) shows you as an idiot who simply blows away his money. Scenarios like the OP are the fantasies of people moving here and living a certain lifestyle.
Well color me an idiot because I have no desire to purchase here. Neither does my husband. My father never bought a home here either.

Maybe because we're not having kids, so we see no point in purchasing. Who would we leave it to? Our cat? Both my brothers own, so they can leave their houses to their kids. And the idea of a condo or co-op doesn't really appeal much to me. I'd rather not have to worry about spending thousands on taxes, repairs, maintenance, etc.

As to the poster who thinks you can't live comfortably on 75K they must not know how to budget. Only a few years ago I was living just fine on 45K. It's called figuring out the difference between need vs. want. There's plenty of places where 75k will go pretty far, they just won't be in any trendy area. There are plenty of good areas that are not trendy. I've lived in a bunch of them.
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Old 05-25-2016, 02:00 PM
 
11,455 posts, read 7,693,701 times
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Quote:
Originally Posted by Miss J 74 View Post
Well color me an idiot because I have no desire to purchase here. Neither does my husband. My father never bought a home here either.

Maybe because we're not having kids, so we see no point in purchasing. Who would we leave it to? Our cat? Both my brothers own, so they can leave their houses to their kids. And the idea of a condo or co-op doesn't really appeal much to me. I'd rather not have to worry about spending thousands on taxes, repairs, maintenance, etc.

As to the poster who thinks you can't live comfortably on 75K they must not know how to budget. Only a few years ago I was living just fine on 45K. It's called figuring out the difference between need vs. want. There's plenty of places where 75k will go pretty far, they just won't be in any trendy area. There are plenty of good areas that are not trendy. I've lived in a bunch of them.
I agree
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Old 05-25-2016, 02:03 PM
 
223 posts, read 212,672 times
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Quote:
Originally Posted by Cara_319 View Post
75K is not a comfortable salary for a single person in NYC.
Yes it is. For those who budget and don't live beyond their means. I've seen this first-hand. Your "desirable" differs from others. Don't make assumptions based on your preferences.
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Old 05-25-2016, 02:07 PM
 
Location: Brooklyn, NY born & raised!
2,633 posts, read 4,106,327 times
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75K - After 401K, benefits, etc. breaks down to about $4200 a month after taxes.

If you can't budget that somehow even if you're paying 2K for rent, then you need to learn how to manage your money better.
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Old 05-25-2016, 02:27 PM
 
223 posts, read 212,672 times
Reputation: 143
Quote:
Originally Posted by Miss J 74 View Post
75K - After 401K, benefits, etc. breaks down to about $4200 a month after taxes.

If you can't budget that somehow even if you're paying 2K for rent, then you need to learn how to manage your money better.
I agree.

$75K after taxes, 401K (10%) is approx. $3600 a month.
Unlimited Metro - 30 days $116.50
Rent - Studio/1Bedroom $1200.00-$1600
Food - $200.00 month
Utilities - (Cable, Phone, Internet, Gas, Electric) $300.00

Balance is $1783-$1383 for the month.

For a single person? That's comfortable enough.
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