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You'll be fine. 130K after tax still gets you nice enough quality in NY especially since/if you have no financial burden (i.e children, car payment, mortgages and credit card debt). The first couple of months will be a bit rough as you have to find the apartment which costs quite a bit (rent, deposit, broker fee if you work with one---15% of your first year rents, furniture...etc) and you mostly would spend more on groceries considering you are new and therefore haven't found where you can stuff that are priced more reasonably. The same can of Campbell soup or cat food would have 4 different prices in the stores that are on the same block. If you're generally smart and efficient with money, with no financial burden and debt, don't have habits of buying $2000 Prada bag every month, you can live quite comfortably with 130K in NY, you don't need to have roommates, believe me.
Agreed. NYC is a VERY expensive city but with 130k and no kids you should do very well in the city. Like Carla stated become familiar with the stores so you can get the best deals when you can and also consider living in the outer boroughs.
Agreed. NYC is a VERY expensive city but with 130k and no kids you should do very well in the city. Like Carla stated become familiar with the stores so you can get the best deals when you can and also consider living in the outer boroughs.
130k! He can shop and live just about anywhere. Summer rental in Long Island or New Jersey too.
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I make around 58,000 and I still have a lot of money leftover at the end of each paycheck, even after paying some bills and 2 student loans off. I manage to save nearly half that I make. I just don't live an extravagant lifestyle.
130k! He can shop and live just about anywhere. Summer rental in Long Island or New Jersey too.
No, that's not realistic. About one third of that salary will go to taxes. And if there's a rental in NJ (LI is WAY too expensive, for the most part), they'll want a car - which will run about $8000/year including a garage, if they choose to live in Manhattan.
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