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Old 03-01-2012, 01:40 PM
EVT EVT started this thread
 
25 posts, read 85,559 times
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Potentially moving from rural Georgia to NYC for work in Manhattan at Columbia University Medical Center.

With an annual salary of 140-150k can I realistically afford to live close to work (within a 20-30 minute walk)? Realistically meaning that I can still afford to feed myself and put aside some savings every month. Most likely would sell my car if I made the move, so no parking or other costs associated with driving.

Based on your experiences, what quality of apartment can I expect as a function of proximity to the medical center for $1500, $2000, $3000, etc. per month?

Very appreciative of any advice.
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Old 03-01-2012, 01:43 PM
 
Location: Queens, NYC
420 posts, read 824,047 times
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Yes, 140-150k you can live very comfortably in Manhattan. The people who say otherwise are just dreamers from outer boroughs who see Manhattan as exclusively a playground for trust fund transplants and Wall Street executives (and yes I live in an outer borough).

140-150k a year will get you a kickass apartment and you can enjoy all of what Manhattan has to offer!
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Old 03-01-2012, 01:51 PM
 
Location: Manhattan
25,374 posts, read 37,097,722 times
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Quote:
Originally Posted by EVT View Post
Potentially moving from rural Georgia to NYC for work in Manhattan at Columbia University Medical Center.

With an annual salary of 140-150k can I realistically afford to live close to work (within a 20-30 minute walk)? Realistically meaning that I can still afford to feed myself and put aside some savings every month. Most likely would sell my car if I made the move, so no parking or other costs associated with driving.

Based on your experiences, what quality of apartment can I expect as a function of proximity to the medical center for $1500, $2000, $3000, etc. per month?

Very appreciative of any advice.

Yes, as a single person you can live well on that money. As far as what kind of apartment you can get, a lot has to do with luck and your preferences (luxury, doormen, extra space etc. all costs more.)
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Old 03-01-2012, 01:56 PM
 
Location: Dallas, TX
2,894 posts, read 5,908,662 times
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I think it's quite doable on a 150k budget.

Columbia medical center if I'm not mistaken is on on the 160's and although the area is constantly changing I wouldn't recommend living north of 100 St just yet.

Instead, I would suggest you look for an apartment on the upper west side, and just take the train to work. it might be at most a 15 min. ride

I think you might get a nice 1br apt on the upper west side for about 3k
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Old 03-01-2012, 01:58 PM
 
Location: Manhattan
1,871 posts, read 4,268,476 times
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You would be working and living in Washington Heights so $150K should be able to fetch you a nice apartment if you spend $2,000 a month and a very nice, luxury apartment at $3,000 a month. No problems on your salary -- full steam ahead I say.
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Old 03-01-2012, 01:58 PM
 
2,848 posts, read 7,583,220 times
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Welcome to NY

At $150k, with the 40x rent rule, you can afford an apartment in Manhattan ~$3,750. If you are a single person, you can find a less expensive apartment for less than this and be very comfortable.

Columbia University Medical Center is located at West 168th Street. You should decide if you like Washington Heights/Harlem and if otherwise reconsider the "walk" to work. You can comfortably have a short commute from other parts of Manhattan that have a little more to offer on your budget. I would recommend looking at the UWS to start.
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Old 03-01-2012, 02:11 PM
 
Location: No Sleep Til Brooklyn
1,409 posts, read 5,251,537 times
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Agreed. Since you are single, I also recommend the Upper West Side. But if you want a quieter lifestyle, the "Hudson Heights" area of Washington Heights is quiet, green, within walking distance of CUMC and on the express train to many of the amenities people think of when they think of Manhattan.
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Old 03-01-2012, 02:34 PM
 
Location: New York NY
5,522 posts, read 8,778,165 times
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If you are coming to NYC solo or as a couple then yr salary will be more than enough to live comfortably here. Best neighborhood within walking distance is indeed Hudson Heights, roughly between 181st and the Cloisters, north to south, and Broadway to the Hudson, east to west. This is also the neighborhod I'd look at it I were coming with kids. Its child friendly and has a decent local zoned elementary school. There are closer spots to the Medical Center itself, but they are just not as nice. Other than that yes, the Upper West Side is would be the best choice. But it will be noticably more expensive than Hudson Heights. And if the Medical Center is offering some form of housing for a year or so I'd say take it, so you''d have a good place to stay right away and a year to check out further where you might want to eventually settle for good.

Welcome to New York
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Old 03-01-2012, 06:25 PM
 
Location: NYPD"s 30th Precinct
2,565 posts, read 5,517,520 times
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Yes you'll be fine. I live about 25 blocks south, so I wouldn't consider it walking distance, but I afford my apartment/car/savings/girlfriend/etc... just fine on a good bit less than that.

Where are you coming from in GA? I'm originally from Brunswick.
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Old 03-01-2012, 08:33 PM
 
4,947 posts, read 10,818,188 times
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How do you NOT know that you can easily live well in Manhattan on 150k a month??
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