Welcome to City-Data.com Forum!
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 04-24-2014, 12:05 PM
 
515 posts, read 623,832 times
Reputation: 713

Advertisements

Family of four moving back to Manhattan. No cars. Apartment is already owned so maintenance/taxes of $1000 per month is required and the kids will be in public elementary school. One is starting kindergarten now, the other will advance to pre k next year so no private school tuition this year but perhaps some type of mommy and me classes, etc...

How much income is needed to provide for the other basics and live normally as a young family?

It seems that by having housing and school expenses covered and by giving up car payments, gas, and car insurance ($1400 per month) we are actually cutting our fixed expenses moving from Boca Raton, FL to NYC as our housing cost is an extra $1200 in Florida as well.

What am I missing?
Reply With Quote Quick reply to this message

 
Old 04-24-2014, 01:11 PM
 
12,340 posts, read 26,119,784 times
Reputation: 10351
This question is impossible to answer because the answers would be completely subjective. I suggest you do a search on the forum for the word "budget" and make a budget for yourselves that includes utilities, transportation, groceries, eating out, vacations, medical care, laundry, clothing, children's expenses, etc. Only you know what words like "basics" and "normally" mean to you.
Reply With Quote Quick reply to this message
 
Old 04-24-2014, 01:38 PM
 
Location: NYC
5,208 posts, read 4,666,583 times
Reputation: 7970
Yes you need a budget. NYC provides an infinite number of opportunities to spend your money.
Reply With Quote Quick reply to this message
 
Old 04-24-2014, 02:22 PM
 
515 posts, read 623,832 times
Reputation: 713
Thank you both for your responses.

I agree, my question is somewhat vague as there are so many variables and the definitions of life to each person is completely different. I have done a good amount of research and reading of threads and posts and I have, of course, lived in both places so I do have a fair understanding of what is involved.

However, it seems that it always comes back to housing and education. Everyone's lifestyle is different, I know. I am just surprised by the amount that we (my family) spend on cars and housing in Florida and find that in my particular situation, living in Manhattan could be more cost effective than living in Florida.

I just keep looking for the missing piece but again, I believe it may come down to housing and education costs as the rest of the items cancel each other out and are not tremendously different in these two areas.

We are also willing to move from over 2500 sq ft to 1000 sq ft which others may not be willing to do with two children.
Reply With Quote Quick reply to this message
 
Old 04-24-2014, 03:43 PM
 
1,519 posts, read 1,815,444 times
Reputation: 1578
36k
Reply With Quote Quick reply to this message
 
Old 04-24-2014, 06:02 PM
 
515 posts, read 623,832 times
Reputation: 713
That would be tremendous. I was thinking higher but we'll see.
Reply With Quote 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.


Reply
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

All times are GMT -6. The time now is 07:53 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 36, 37 - Top