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Old 01-21-2009, 04:16 PM
 
19 posts, read 54,076 times
Reputation: 15

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Hi, I was wondering if anybody in the forum who made around $200K a year if they could give me a general idea of what kind of lifestyle one could expect on that income?

I'm married with a wife and am around 25 years old with zero debt if that makes a difference.
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Old 01-21-2009, 07:03 PM
 
Location: Confines of the 101 Precinct
10,352 posts, read 18,805,565 times
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what kind of question is that....put it this way...anybody making 200K a year will not be eating cat food, unless maybe you're in dubai. you can afford to live in manhattan on 200K. and live very decent.
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Old 02-23-2009, 04:28 PM
 
942 posts, read 912,622 times
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If you can't afford to live off of 200k, you need to stop driving a car that runs on liquid diamonds.
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Old 02-23-2009, 05:18 PM
 
Location: Glasgow, Scotland, UK
7 posts, read 27,283 times
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LOL $200,000 a year! Chances are you could probably afford a small island for that.

typo?

x
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Old 02-23-2009, 05:19 PM
 
2,312 posts, read 4,805,475 times
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Don't have kids!! Then you'll really be short on cash.
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Old 02-23-2009, 09:05 PM
 
Location: Greenpoint, Brooklyn
376 posts, read 909,220 times
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I think you will be able to make te rent. You would be rich in many parts of the country but here you will be just fine. I wish I had your problem. Getting by on 200k, the horror!!
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Old 02-23-2009, 09:09 PM
 
62 posts, read 172,936 times
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What do you do for that sort of annual cash flow? It has to be a given that whatever it is you don't have much time to enjoy that money. I say do your research and move if you choose. You only have one life. You will be taxed hard for that money by the fiscal policy coming into effect anyways.
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Old 02-24-2009, 08:18 AM
 
1,111 posts, read 3,011,338 times
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These guys are just fooling you, for $200K a year, your only going to be able to afford one premium channel, so you have to decide whether you like HBO or SHO more.
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Old 02-24-2009, 09:14 AM
 
Location: New York City
3,998 posts, read 5,229,751 times
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Don't pay attention to the snarky comments. Yes, you can afford to live a comfortable lifestyle in Manhattan or Brownstone Brooklyn (should you choose). If your rent were 40 times your salary, you could afford $5,000 a month. You could get a nice one-bedroom in a doorman building for that. A low-end studio in central Manhattan is around $1,700+ or so; you can get a one-bedroom without a doorman for $3,000+. If you go to the boroughs the prices go down.

As another poster alluded to above, you might start feeling the pinch if you needed a two-bedroom and had to pay for daycare/private school. I know people who spend $30K on kindergarten.

Some of the earlier posts were a bit bitter because it really does take around $200K to live a comfortable (but by no means extravagant) lifestyle in Manhattan. It's simply out of reach for someone earning anything close to the median income. You won't be living on Park Avenue (unless it's Murray Hill), shopping at Prada and dining at Per Se every night, but you'll have enough left over to enjoy yourself.

Have fun.
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Old 02-24-2009, 10:14 AM
 
2,312 posts, read 4,805,475 times
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And the people who pay 30K on kindergarten and preK are jumping for joy about it! They feel like they've won the lottery because their kid got a rare spot in a private school. So stressful.
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