Hello everyone :)...I got an offer in NY and I'm a young professional who has never been there.. Can someone give me the breakdown of living expenses so I can evaluate whether my compensation is competitive or not. Say a 1 bedroom in dt for living space. Thank you :))

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My friend lived in NY and she said her 200 square foot apartment was nearly $2,000 a month. I think she was right in the heart of NYC. But from what I hear it is VERY expensive to live there.

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A one-bedroom in the most trendy and desirable neighborhoods will likely cost you between four and 5000 per month. In reality you will have to settle for a less-trendy neighborhood and get some roommates

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YEP, NYC is not the easiest as a young professional but it does get better if you stick it out1

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When doing calculations, consider that food and everything else is about twice the average cost compared to elsewhere.

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As a rule of thumb, most apartments require you to be able to cover 40x your monthly rent--that is to say that if your monthly rent is $3,500 (average pre-covid rent for a true 1BR), your tc should be at least 140k (some require 35x, others up to 50x).

Answering whether you'll have enough cash after you pay rent depends heavily on your lifestyle

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Lol a one bed? More like studio if you are lucky, but don’t be surprised if you end up with roommates.

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Are you looking to live in the city or one of the boroughs? That is what depends

If you venture out to the Bronx chk out Riverdale or Pelham Bay. Upper Manhattan has some areas that are descent like Inwood and many more just google it.

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