$1300 rent on a $3000 a month income (New York, York: apartment, lease, credit card)
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So i've been browsing for a while and here's my first post.
Through visiting this site, i'm seen some things said where depending on your salary, it may or maynot be doable to live in the city. Based on my experience thus far and comparing to my friends, some of it may be exaggerated? However, everyone lives different lifestyles and here's mine.
I take home $3000 a month after taxes, medical, etc. I am considering taking a studio apartment for $1300. I want to live alone and prefer to be close to work and don't want to stay in Brooklyn or move to Queens. I have no credit card debt, no student loans, no dependents. I have always been financially responsible and maintain excellent credit. Right now I live outside of the city paying less but I think it's time to move over. I spend about $300 a month commuting on average so I think it'll will wash itself out and I won't be spending more than I am now. But is it still too high based on my income? Again, I have no financial obligations, no drinking/excessive dining out habits, or into designer clothes. I have no extreme spending behaviors. I save money and I never run out of money during the course of the month.
But realistically is it too much? I figure if it's costing me $1300-1400 to live here, why not live in the city? But I guess I just need to convince myself that this is normal. Are there people out there who spend almost half their income on rent? Everyone's situation is different but I am fortunate to only have to worry about my rent, cell, utilities, groceries, and hanging out which I manage to spend not a whole lot. I think it's doable. I'm certain there's got to be people especially those who are die hard NYC lovers who are making it work on much less with more obligations. Is my rent going to be too much?
Your numbers sound pretty close to mine, except that I did have a (relatively low) student loan payment as well. It's definitely possible to live on that (mamy people do), and lots of people pay one-half or more of their salary on rent.
Yeah you'll be fine with that net income and rent. Just don't spend too much on food, and you can probably save about 10k a year, which is good for a single person. You can find studios on the UES near the river for 1200-1400 right now, pretty amazing!
I make $3000/month and just signed a $1300/month lease for this great place close to work. After expenses, I estimated a $7500-$10000 end of year savings. I'm part of a vegetable and grass-fed meat co - op, which cuts down on food costs. And I've stopped buying lunches at work. All the same, I was worried I wouldn't save. Glad to hear I can, and my budget isn't some ginned up pipe dream. Thanks!
I make $3000/month and just signed a $1300/month lease for this great place close to work. After expenses, I estimated a $7500-$10000 end of year savings. I'm part of a vegetable and grass-fed meat co - op, which cuts down on food costs. And I've stopped buying lunches at work. All the same, I was worried I wouldn't save. Glad to hear I can, and my budget isn't some ginned up pipe dream. Thanks!
This thread is five years old. Prices on everything have gone up.
I wonder if Genevieve got that $1300 apartment back in 2009?
That's where I see the potential hangup.
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