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Old 11-30-2009, 03:23 PM
 
1 posts, read 5,628 times
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I am just wondering because I am extremely interested in different cities' livability and I am hoping to move to a big city when I am older. So if someone had a salary of 80-100k how much could they afford in Manhattan or a safe part of Brooklyn?

I would also need to save money for clothes, food, traveling, and all of that fun stuff.

So how much space would I be able to afford and what area?
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Old 12-01-2009, 08:24 AM
 
1,351 posts, read 2,902,532 times
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if you live in NYC you pay the city tax as well. so after taxes are taken out you get about 67,200 in hand. if you live with roommates you can get a room anywhere from 600 - 1300 depending on the part of the city.

for your own place it could be anywhere from 1500+ depending on whether its a studio or 1 bedroom or what have you. the rest is upto you really, however you wanna budget for such things as food, going out, etc. etc.
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Old 07-16-2010, 03:00 AM
 
Location: Gramercy
72 posts, read 262,724 times
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Well you have to take into account any retirement, medical, dental, and transportation contributions *before* you have any money to spend.

Then rent is going to put a HUGE dent in that.

If you don't want to live in a dump, and you want to live alone - like myself - 100k in Manhattan is NOT a lot of money. When I tell friends out-of-state I make that, they think I am rolling in money, but when I send out the breakdown of my expenses, it's paycheck to paycheck.

Rule of thumb - if you pay more than 50% of your take-home income in rent, you probably can't afford it.

But then again, I go out a lot, which is hard not to do in the city. I think it's easier in outer boroughs.
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Old 07-16-2010, 07:02 AM
 
38 posts, read 103,890 times
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You can definitely afford a nice place in the boroughs. Unless you need it for work, a car should not be in the budget.
You can get a studio or one bedroom and still afford to go out and buy clothes.
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