Bain & Company How affordable is NY as a new college grad on about 92k total comp with a 10k bonus as a consultant? I plan to live with a roommate (or two) and I never considered myself to be a big spender. Will I live well/will I need to be smart with my spending? My other option is a job offer in DC with a 20% increase in pay. It seems like living in NY is a unique opportunity as a 20-something. McKinsey & Company Boston Consulting Group Bain & Company EY Deloitte

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How much is your rent? That’s a big factor when it comes to NY living. 92k is very reasonable and I think you wouldn’t have to worry about living well if you keep your total rent (utilities included) under ~2300. My situation is similar and I’ve never had to budget things out. I eat out quite frequently and have never not been able to do anything I wanted.

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So let me get this straight. You want to take a 17% paycut to live in a city that's 30% more expensive? Repeat that in your head.

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NYC >>> DC

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You’ll still be eating ramen noodles.

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NY has better ramen

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Wait so you’re essentially taking a 20% pay hit in order to be in New York? doesn’t seem worth it to me, but if you really want to live that NYC life you can definitely make it work on that salary

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Come to DC and just take a bus or train to NYC every once in a while with the pay increase. Lots of opportunities for young people in DC.

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What firm are you joining

All of my friends and I survived just fine starting out at $65k (no bonus) and living in the city. You won’t be living paycheck to paycheck at that salary if you budget right

EY3 - other than my parents paying for my college tuition so I wouldn’t have student loans, I was on my own after I graduated. 2017 and we all had roommates. We were all relatively close to being pay check to pay check at that salary but still survived. If we made it off that, even 92k is more than enough with a roommate (assuming you’re not constantly blowing all your money eating out at restaurants every day)

😂😂😂 im born and raised in NYC and I don't see the hype not taking my hard earned money to pay unreasonable rent prices

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