U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 11-12-2009, 10:17 PM
 
7 posts, read 20,821 times
Reputation: 11

Advertisements

Hey, I am going to be graduating college in May and my potential employer asked for an idea of what I would need to make to live in NYC, specifically Manhattan. The company is located in Midtown Manhattan, and I interned there and lived in Greenwich Village while I was there. I would be taking the subway to work obviously. So my questions are:

Typical rent for a 1/1 in a place where more young people live?
If I decide to bring my car parking costs?
How much of a part will the Federal, State, and Local taxes play?
And any other advice ya'll could give me?

Thanks for the help!
Quick reply to this message

 
Old 11-12-2009, 11:56 PM
 
24 posts, read 36,989 times
Reputation: 11
You dont need a car in NYC. Traffic is horrible and parking is worse. U will probably find urself taking the train most of the time anyway. I think if u wanna live in a decent area then u need to make at least 45-50,000 and better. A 1/1 bed in manhattan is running you 1300 (and thats a box) and better. I would say live in a nice area of BK near the downtown area like Park slope/ Brooklyn heights/DUMBO/Cobble Hill. The apartments are bigger for the same price and an easy commute to the city.

Good Luck
Quick reply to this message
 
Old 11-13-2009, 04:46 AM
 
Location: New York
477 posts, read 1,208,463 times
Reputation: 297
I would ask for more than 50k a year if that is possible, especially if you want to go out and enjoy the city. If they can pay you 80k plus I think you will have enough to live and have a life. Of course i'm assuming that you can ask for that much, but I'm only suggesting this amount so you don't shortchange yourself.
Quick reply to this message
 
Old 11-13-2009, 05:17 AM
 
7,079 posts, read 33,743,597 times
Reputation: 4005
DO NOT bring a car to Manhattan. Insurance (throughout NYC, not just Manhattan) is extremely costly. Parking in Manhattan STARTS at $400/month and goes up from there. And you don't need a car, anyway.
Quick reply to this message
 
Old 11-13-2009, 05:20 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,632,656 times
Reputation: 6215
You cannot live ALONE comfortably in Manhattan on $50,000.
You are not likely to find a 1 br apartment in the kind of neighborhood you want for $1,300.You will probably won't even find a studio at that price.
I think you should plan on paying at least $2,000/mo for a 1 br apartment( and it won't be too great) in the areas you want. This means that your income should be at least $80,000( 40x rent rule).Personally,I wouldn't spend $2,000/mo on rent unless my income were at least $100,000 but you can manage on 80.
Forget the car.It will cost at least 400/mo to garage or be a big,big pain.
On much less than 80,000 you are going to have to downgrade to a studio,live with a roommate or find an apartment either way,way uptown or in Brooklyn,The Bronx or Queens.

Last edited by bluedog2; 11-13-2009 at 06:03 AM..
Quick reply to this message
 
Old 11-13-2009, 07:29 AM
 
Location: Brooklyn, New York
4,116 posts, read 2,733,333 times
Reputation: 1517
Quote:
Originally Posted by mike0305 View Post
Hey, I am going to be graduating college in May and my potential employer asked for an idea of what I would need to make to live in NYC, specifically Manhattan. The company is located in Midtown Manhattan, and I interned there and lived in Greenwich Village while I was there. I would be taking the subway to work obviously. So my questions are:

Typical rent for a 1/1 in a place where more young people live?
If I decide to bring my car parking costs?
How much of a part will the Federal, State, and Local taxes play?
And any other advice ya'll could give me?

Thanks for the help!

Too Expensive to live here.
Quick reply to this message
 
Old 11-13-2009, 08:28 AM
 
Location: NJ/NY
10,634 posts, read 16,215,752 times
Reputation: 2787
Plan on at least $2k/mo for a 1BR if you want to live in Manhattan. If you want to live in the village and want a nice apt, plan on more than that. $1,300 is really low balling it. You could live alone, comfortably on 100k. Don't bring the car, if you need a car, you can use zipcar. A car will cost you at least $300++ to park,. not to mention insurance will go up drastically.

You could live with a roommate and do ok on $50k but it will be paycheck to paycheck.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top