Quick Answer: Can You Live In NYC On 80k A Year?

Can you live in NYC on 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins.

“It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”.

Can you live in NYC on 30k a year?

You can absolutely live in NYC for 30-35k.

Is 80K a year middle class?

4) Financial Samurai Definition Of Middle Class If you make within +/- 50% of your city’s household income for your age, you are middle class. For example, the average household income in San Francisco is ~$80,000. Therefore, a person making $54,000 – $120,000 can comfortably consider himself or herself middle class.

Is 80K a good salary in DC?

80k is golden, especially if you’re open to roommates. Most people at that paygrade live on their own. I decided to live with roommates at 80k because (1) I like people, and (2) I’d rather spend money on fancy restaurants and saving up for grad school/retirement/etc.

Is 80K a good salary in Chicago?

It depends on your situation. If you’re single and have moderate or no debt, you should be just fine. If you have kids or support a spouse who’s not working, then the math starts to get harder. If you don’t go nuts on expensive things, 80k should be quite comfortable.

Is 80k a good salary in New York Reddit?

It all depends on your lifestyle of course, but 80k is plenty to live on as a young person in NYC. In fact, it’s far more than most 20-somethings you’ll meet make. … But it is possible to make in New York on 80k, there are plenty people living there on less. it’s possible to live comfortably here on that.

Is 80k a good salary in NYC?

Is 80k a good salary in NYC? You can do quite well in NYC with 80k/year depending. If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury. … Me, I was making $60k when I left NYC, and lived much more modest.

Can you live in NYC on 70k a year?

Yes, definitely. Both Manhattan, depending on neighborhood, and most parts of Brooklyn. When I first moved to NY, I was only making $45k and I lived in Brooklyn. … At 70k, you can afford up to $1750 per month in rent (most places in NY require you to make 40 times the rent amount).

Can you live in NYC on 65k a year?

Yes, you can live in NYC making $65k a year. But your rent will likely be between $900-$1500 depending on your location and whether or not you have roommates. The good news is that you will probably earn a lot more through promotions and switching jobs, which will give you more disposable income.

Can I live on 80000 a year?

Depending on the size of your family, $80,000 can comfortably cover living expenses and beyond. According to the U.S census as of 2020, the median salary for a four-person household is $68,400 per year, making 80K a substantially higher income than that of the average American.

Can you live in NYC on 100K a year?

Yes, and you can live pretty well with 100K in NYC as well. If you live in Manhattan you will have a very small apartment or you will have roommates. … 100K in NYC isn’t a lot, but it’s enough to live comfortably, especially if it’s just you.

Is 400k a good salary in NYC?

The salaries are suppose to be high, yes very high in NYC , but not as high as this: according to the governement, people working in financial activities in NYC (very very broad category) make 400k a year…and that’s on average!

Is 80k enough in NYC?

80k is like the minimum that can actually live comfortably in Manhattan without feeling stretched. But 2500 for an apartment is a bit much. Id be looking for something at 2k or less if you want to live alone. It’s enough, you just need to be smart about it.

What salary do you need to live in NYC?

That’s $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.

Is 75000 a good salary in NYC?

It’s a good salary. You can live comfortably in a good location and still be able to enjoy yourself and save money. A very big advantage in NYC is that you can find rents pretty much across the spectrum (low to very high) in safe areas based on your financial needs.

Is 200k a good salary in NYC?

Your annual salary of $200,000 would end up being about $96.15 per hour. You’d live pretty good in NYC in fact you’d be able to live in almost every neighborhood in NYC. Rent average from 1,500 a month if you are lucky to 4,000 and higher but you could most likely buy an apartment with that kind of salary.

Can you live in NYC on 60k a year?

Of course you can live on a salary of 60k. It’s easier to do this than in most parts of the U.S., because you don’t need a car or house or tons of furniture here, just a little apartment. Pretty much all you have to pay here is rent, food, and Metrocard. 60k isn’t even a low salary.

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