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Old 07-30-2008, 03:54 PM
ag1 ag1 started this thread
 
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Hello. I will be moving to Manhantten with my husband his autumn. I am a banker (late 20s). I am trying to work out what is considered a 'decent' salary if living in Manhatten. When i say decent, i mean, not penny pinching, eating out etc etc. I know this is v vague/subjective but i'm just trying to assess whether the salary my bank has offered me is good by manhattan standards.

second issue is which area to live. i work nr 23rd and park so would quite like somewhere within 2 mins walking distance. I have no children, so am looking for a 1 (and if i'm lucky) 2 bedroom appt. max budget is $3000. i don't want to live anywhere too crazy/loud. maybe a quieter area, but close enough to travel into the 'mayhem' if i wish. i was told murray hill/ gramercy might cayer for what i want. any thoughts on these areas? and are they within m budget. any other areas that you think would be suitable.

THANKS!
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Old 07-30-2008, 03:56 PM
 
Location: Newton, Mass.
2,954 posts, read 10,794,109 times
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Quote:
Originally Posted by ag1 View Post
would quite like somewhere within 2 mins walking distance.
Huh?
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Old 07-30-2008, 04:10 PM
 
7,079 posts, read 33,727,881 times
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You've drawn yourself a VERY limited circle with a 2 minute walk. Most people in NYC walk a LOT. I, myself, walk a mile to work and a mile home. In 17 minutes I can get from one to the other. There is no way that you're going to get a 2BR apartment for only $3000/month. You'll be lucky to get a nice 1BR for that. Take a look at the NY Times online classifieds to do a reality check on rents.

Last edited by Viralmd; 07-30-2008 at 04:45 PM..
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Old 07-30-2008, 04:32 PM
 
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Why don't you state your salary and people can tell you if it is "good" or not. What sort of bank are you working for? Are you an investment banker?
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Old 08-01-2008, 07:52 PM
 
Location: West Village
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You should know that at very least Landlords use a formula requiring the prospective tenant to earn between 40 and 50 times the rent to qualify. Hence, 1000 a month rent and you should earn 40/50K per year. May not be the only factor for your negotiations, but may help give you more perspetive. It ends up that Kips Bay/murray hill are amongst the more reasonable places to live.
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Old 08-02-2008, 05:42 AM
ag1 ag1 started this thread
 
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SORRY, I meant 20 mins!!! 20-25 mins ideal.
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Old 08-02-2008, 05:44 AM
ag1 ag1 started this thread
 
3 posts, read 4,143 times
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Originally Posted by mad07 View Post
Why don't you state your salary and people can tell you if it is "good" or not. What sort of bank are you working for? Are you an investment banker?

i'm aiming for a salary range of $110-150k
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Old 08-02-2008, 06:05 AM
 
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In the immediate area, Grammercy is nice, but pricey. You might have better luck in Midtown East (East side from about 45th to 57th), Turtle Bay (way East, from 42nd to about 45th) and Murray Hill (East side from about 33rd to 42nd).
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