I got a job opportunity in NYC. I’m trying to figure if it’s a financially sound decision to take it. The salary is $140k. I know taxes are WILD up there. Also, how much do 1 bedroom average? Thanks.

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Depends. What is your previous/current salary and in what city? If it’s 60k in SF, it’s definitely worth it. If it’s 200k in Chicago it’s definitely not worth it.

Context. We need context.

likesmart

I made $141k in salary last year. I paid ~$10,800 in NY State plus NYC taxes (vs ~$30k for federal). A 1-bed in a luxury building in Manhattan/trendy Brooklyn/LIC will run you ~$4k, but you can definitely find cheaper things in either non-luxury, but still nice buildings or luxury buildings in further out neighborhoods.

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Numbers approximate because I also received bonuses totaling ~$18k and haven’t filed my taxes yet.

Moving to NYC will best thing you’ve ever done. For your life and your career.

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That salary can get you a studio, probably not in a doorman building given the current market. If you're wedded to a 1BR, you'll probably need to look at Queens or non-hip parts of Brooklyn. Moving to NYC shouldn't be a purely financial decision, though. Yes it's very expensive, but the people who come here and stay here do it for the city itself. Do you love NYC? Do you see a future for yourself here? Do you have good career prospects here?

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Consider living in Hoboken or Jersey City to save a little bit if you want a better value.

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Moved here 5 months ago and was making less but now at 140k and doing fine. Still managed to max out my 401k savings for the year too. Rent on the UES is pretty cheap but you could also look into Astoria, Jersey etc. for less expensive rent.

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I live in NYC and have been maxing out retirement since $75k. You will be fine. Rent can be insane so you really need to aggressively search for the best option for you and when you find it, sign a lease right away.

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It’s not

Bay area and LA also got top restaurants and it's nothing compared to the high school cool kid mentality I find on here

likefunny

If you plan to live with a roommate it’s doable, if you wanna live alone I’d say look for places where rent is cheaper. I’d say max rent should be $2500.

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