Is $105K + $45K bonus enough to live comfortably in NYC? Forum
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Is $105K + $45K bonus enough to live comfortably in NYC?
Coming from the non-profit field in a lower COL area. Landed a gig in Securities Compliance at a big, but regional bank. Only 1-year of law experience (non-profit but related to finance), 2-years of unrelated experience before law school. Salary offer is $105K base salary, $45K bonus. Also getting a $10K signing bonus. Job is in Midtown.
Is $105K enough? I don’t want roommates so I’d be looking at around $2400 a month for an apartment (not comfortable with much more). Not too much debt (few hundred a month).
Is $105K enough? I don’t want roommates so I’d be looking at around $2400 a month for an apartment (not comfortable with much more). Not too much debt (few hundred a month).
Last edited by Anonymous User on Sat Jun 23, 2018 4:50 pm, edited 2 times in total.
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Re: Is $105K + $45K bonus enough for NYC?
As a native new yorker, you have enough depending on your loans. If you look in Wahington Heights or Brooklyn you can find a place for a good price. It also depends on if this job requires you to be on call 24/7. Can you PM? I would like more information on your career journey, I am a recent grad studying for the bar, still looking for employment.
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Re: Is $105K + $45K bonus enough for NYC?
Short answer: yes.
You won’t be able to live it up like some other people, but you can live comfortably.
My friends make around 115k and live in apartments that cost like ~2800-3000 and they still seem to live comfortably.
You won’t be able to live it up like some other people, but you can live comfortably.
My friends make around 115k and live in apartments that cost like ~2800-3000 and they still seem to live comfortably.
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Re: Is $105K + $45K bonus enough for NYC?
Enough for what?
The median annual household income in NYC is like 50k. So even if you were sitting on a couple hundred thousand in debt you'd be better off than the average resident.
The median annual household income in NYC is like 50k. So even if you were sitting on a couple hundred thousand in debt you'd be better off than the average resident.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
Yes definitely. What will your hours be? If they are 9-6 you can handle a 45 minute - 1 hour commute. Look in Queens and in Brooklyn Windsor Terrace or Kensington if you want a 1 bedroom that’s pretty nice. You’ll have enough to live nicely and still save.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
8-6 or 9-6ish.jennyf wrote:Yes definitely. What will your hours be? If they are 9-6 you can handle a 45 minute - 1 hour commute. Look in Queens and in Brooklyn Windsor Terrace or Kensington if you want a 1 bedroom that’s pretty nice. You’ll have enough to live nicely and still save.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
lol, seriously? I make $65k and live in a decent apartment without roommates. How is this even a question?
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
Please describe [your version of] comfortably.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
Is your new job hiring?? Sounds like a great gig.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
Not OP, but I have to imagine it involves living on one's own in a decent apartment that's in an area that's safe and convenient to work, while being able to pay down debt, save for retirement, and engage in occasional social activities. I think $150k in NYC is borderline comfortable, provided there is no family to support.Toni V wrote:Please describe [your version of] comfortably.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
OP here. This is correct. Decent apartment in a safe area, with enough money to go to dinner a couple of times a week. Saving for retirement won’t be an issue. No family, I’ll be out of NYC by the time that happensAnonymous User wrote:Not OP, but I have to imagine it involves living on one's own in a decent apartment that's in an area that's safe and convenient to work, while being able to pay down debt, save for retirement, and engage in occasional social activities. I think $150k in NYC is borderline comfortable, provided there is no family to support.Toni V wrote:Please describe [your version of] comfortably.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
If working in midtown west, look at hoboken. Super nice/quiet area that is much cheaper than across the river and with the PATH train, it’s only about a 30 minute commute to midtown.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
You may have to switch from Starbucks to Dunkins at that paltry of a salary.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
Yes, definitely, although you can't swing a cat in NYC without hitting someone making 2x, 3x, or 5x that who complaints about how difficult it is to afford New York on his or her respective salary.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
As a NYC ADA making about 65k, fuck this entire thread.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
Working in Midtown East. Some people have recommended Astoria, while others say I shouldn’t want to live in Queens for my first year in NYCAnonymous User wrote:If working in midtown west, look at hoboken. Super nice/quiet area that is much cheaper than across the river and with the PATH train, it’s only about a 30 minute commute to midtown.
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Re: Is $105K + $45K bonus enough to live comfortably in NYC?
you may have to go out begging a few days a week but you'll live
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