How much should I have saved to move to NYC? (New York: apartment, renter) - New York City - City-Data Forum

kturner4 · 09-12-2011, 05:12 PM

My boyfriend and I are planning to move next year. We will be splitting everything right down the middle (bills, rent, etc). I was thinking we would probably need about $5000 to cover moving fees, 1st and last month rent, deposit, etc....does that figure sound about right?

We're both photographers and will begin working as soon as we get there.

Thanks for any tips!

yee8p · 09-12-2011, 08:35 PM

that depends on how much you plan on spend on rent, doesn't it?

Henna · 09-12-2011, 08:59 PM

Not enough. That is for 2 people?

Quote:

In addition to a security deposit, some landlords also want the first and last month’s rent. Tack on a broker’s fee and a prospective renter for that $2,000 apartment is out of pocket nearly $10,000 just to get the keys to the place.

Finding Your First Apartment in New York City - Your Apartment May Be Smaller Than Expected - Housing - New York Times

Also, how do you know you will start working as soon as you arrive? You already have jobs lined up?

mgt04 · 09-12-2011, 09:03 PM

Lol don't stop saving for it...cuz its never enough unless you're a celeb :P

wawaweewa · 09-12-2011, 09:27 PM

How much should you save to move or to live (in NYC)?

To move prob around 7.5k. To live, at least 9 months of expenses.

jcoltrane · 09-13-2011, 01:42 PM

Quote:

Originally Posted by kturner4

My boyfriend and I are planning to move next year. We will be splitting everything right down the middle (bills, rent, etc). I was thinking we would probably need about $5000 to cover moving fees, 1st and last month rent, deposit, etc....does that figure sound about right?

LOL upon reading the above. Check this, say you were fortunate enough to some how get a *minimally* decent apt for $1200 per month. That would be,

$1200 first month's rent
$1200 security deposit
$1200 broker's fee (in some cases, 12-15% of one year's rent)

That leaves you with $1400, and you haven't turned on the utilities, bought furniture, or food!

Without a job from day 1, you two won't last the month.

$15,000 w/b a reasonably safe amount, and you will need to secure employment BEFORE arriving!