What chunk of your monthly income goes into rent? Should I spend 3K more on rent per month than I already do, for an opportunity I could take up in NYC? The salary is only about 20K/year more than my current salary... so it's not a huge bump, but it's a much better firm than I've ever worked in. Sadly, living even in the tiniest of apartments in the city is such a massive expenditure bump. Advice? Suggestions? I don't know if I should stay or leave.

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$3k per month (post-tax) is $36k per year, or around $60k per year pre-tax. Your salary bump is only $20k pre-tax. This particular math isn’t mathing, particularly if you are also uprooting and moving, unless there are other strategic reasons to make the move.

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Here's how I'd approach the calculations. The standard recommendation is to spend no more than 30% of your gross income on rent. In NYC, the median rent is around $3,400 per month. If you're considering spending $3,000 more than your current rent, would it likely push you well above this recommended threshold? If yes, I would really think about how worth it it is to be working at this other firm in NYC.

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Thanks MD.

There are suburbs of NYC that could make this a little more palatable, like northern NJ or LI. I commuted in from NJ for years, once I realized that I was paying much too much for a tiny apartment in NYC. You could consider living in NYC for maybe a year or two with the new firm, then moving out to the suburbs. That's what I did. I enjoyed my time living in NYC, but there comes a time when a bit of a longer commute is fine. The PATH is great getting to Jersey City or Hoboken, and NJ Transit is not awful if you move farther out. The LIRR wasn't bad at all.

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I agree with this. I have a similar experience and it wasn't as bad as I thought it would be.

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Cost of living in NYC will be much higher for other things as well. Try a cost of living comparison website to estimate the total difference. It’s already more than 20k/year. So once you know the full hit you can make a decision on if that opportunity is worth the lower effective income at least in the short term.

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You can commute

What if OP is from Ding Dong, TX? Can they commute to NYC every day?

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Less than 40%

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