Can I afford spending $1,500 in rent making $85k in NYC and still have money to save and invest

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Yeah you should be fine. Just don't go too crazy on other stuff!

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I’m guessing this thread doesn’t have student loans.

likefunny

Yeah you should be able to: 85k is like 45-50k after tax in NYC. After 1.5k*12 thats like 27-32k you have left which is about 2.5k per month. If you invest like 20-30% of that that leaves you with $1875 a month to live your life.

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Obviously you can invest/save more depending on how much fun money you want.

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You could probably live in Jersey with bigger room and a car payment with that amount. Also note living in city will mean more leisure expenses

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depends how much you spend on everything else, how often you go out, travel etc

Yes! This is my rent and exact salary, I’m living very comfortably- just gotta be a little smarter

If you're single, absolutely.

im guessing they mean single wrt dependents

Don’t live in downtown, save money and live outside and still have the perk of going in when you want to.

I’m doing it now with Philly and loving it.

I did 1500 in rent on 65k and survived, but it wasn’t spectacular

You just gotta accept that you won’t save much outside of a 401k for a couple years and that’s okay

Yes

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