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GF and I have a combined salary of 180k and we pay $2500 for a 1 bedroom in Lower East Side, Manhattan. We just booked a vacation to Europe and are able to save.
Put it to you this way: you ain't making enough
Brooklyn can be as expensive as Manhattan these days - for a single person I would say you need at least 130k to live comfortably in a cool neighbourhood and apartment in ny
If you choose to live in NJ, you can get a building like that for around 3-4K. Plus your apartment will be bigger, better views.
I'd say 300k... We're on around 220 in a studio and there's not a ton of saving going on. 2BR would be so much harder
You probably want a combined salary of at least 300k if you want to have some vacations mixed in there and leave room to save. This is assuming half is taxed and a rent of about 5500-6000/month
God every time I hear about Manhattan rents it blows my mind and I live in LA which isn't even cheap... Rough
It depends on how you define "New York City". Does that include all 5 boroughs? Some people when they say New York City they are only thinking of Manhattan. The rent can be drastically different depending on which borough you live in.
At least 300k in Manhattan.
@M1: 220 should be able to get you a pretty decent 1BR, no? Or one helluva studio.
A good 1br is around 4-4.5k / month.
@E3: Depends on your definition of "good". Ive seen plenty of nice ones for $3-3.5k
I have a 2 bedroom decent size updated apartment in west village for under 3850 a month (looked in winter for way cheaper rent and negotiated). If you forgo parking and maybe get garage sometimes (street parking pretty decent in west village, but have to move it 2x a week) and pay for a nice gym for amenities you should be able to live on $200k...otherwise move to Jersey. No one uses their amenities in NYC unless it's a rooftop or laundry room
I have an incredible 2 bedroom in Park Slope, we pay $2900 for it. Combined salary of $150, go out for almost all meals, save 30-40% post-tax. It's really not that hard.
Lol, so OP. Single income.... Do you make $250k a year salary? Haha. May need to wait for her to get out of school
Considering a move from a much cheaper mid tier city where you can get all that and more for less. I want to stay "comfortable" without feeling like I am sacrificing so much to just live in New York. What's the break even point.
😩 single income. She's in school
No, cool with the boroughs. Brooklyn could be legit. Might even say I prefer it.
Harlem
Yeah combined income of about 180, live in a high rise in fidi, studio home office, paying 3100 and save about 2k a month if u don't have student loans comfortably. Now if u want parking that's prob another 500 a month. So I'd say single income and a true one bedroom, probably looking at 220-230 depending on the kinds of restaurants u want to go to 2-3x a week