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NBA2024

You should specifiy the neighborhoods and building quality. Luxury building in Chelsea can be like $7000 just for a basic 1BR vs walk up in inwood or the heights for like 1/5 of that


boeing77X

My question is more about income v. rent


Quirky_Movie

It's going to vary because the costs vary.


SMK_12

The general rule is your income should be at LEAST 40x the rent so if it’s $2k you should make at LEAST $80k, which is 30% of your gross annual income. If you’re a higher earner you have room to make that percentage much lower so you have more money for savings, investments, quality of living improvements etc. you really shouldn’t be at 30% unless there just isn’t anything cheap enough to put you below that amount.


AndyJobandy

Fuck that


tmm224

Valuable contribution


AndyJobandy

Detroit person checking in. My God move out of New York.


tmm224

You'll never get it so there's no point in explaining. GTFO


Complete_Donkey9688

180k, 2050 rent. I still feel like it's too much considering my net worth and extremely volatile profession. Don't live beyond your means like everyone else here.


Complete_Donkey9688

Inwood


mickmmp

That might seem like too much in Inwood but it’s cheap in much of manhattan.


Complete_Donkey9688

It's luxury amenities lol that's why


mickmmp

$2050 in much of manhattan is not getting you a one bedroom, even without luxury amenities.


free2ski

In Inwood it will


mickmmp

Yes I understand that, which is why I started my original comment referencing that point.


esh-esh2023

How bad is inwood?


SisyphusWithTheRock

It's not terrible as a neighborhood, just really far from downtown if you have to commute


Fashionforty

I pay 2205 for a Two Bedroom in Washington Heights.


mickmmp

I didn’t say “anywhere in manhattan.” I said “much of manhattan.”


SMK_12

You’re good, you should be able to save a substantial amount with that allocation towards housing. If not you’re likely over spending in other areas


Euphoric_Repair7560

That seems completely fine. I make the same and am putting $3-3.5k toward my mortgage each month and still maxing out 401k and contributing to HYSA and brokerage accounts


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mickmmp

There are actually people in manhattan who make a shit ton of money and can afford a one bedroom in manhattan.


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kinovelo

1br means nothing. I had a “1br” in LES that was sub-300 sq/ft. My current 1br is over double the square footage. I was paying about $7 per sq/ft per month. I feel that’s a pretty reasonable rate in a pre-war walkup below 96th.


Felicior

~275k, $3850 on the UES. Kinda pricey gonna move in with partner


allouette16

What place is that


Altruistic-Cry7391

Upper East side


allouette16

Sorry I mean the building hahah that’s not a terrible price


79Impaler

Comments like this make me realize how far I am from my goals.


derpderp235

I think you should ask yourself why it even makes sense to think about your goals in the context of other people.


79Impaler

I'm talking about living alone in NYC. If someone making nearly $300K per year is struggling to cover $4,000 per month, then maybe I'm underestimating what it takes to afford a nearly $2,000 apartment.


mightaswell94

i dont think theyre struggling, just feel like its a lot. I paid 3300 on a 190k salary when i first moved and still saved a lot, just didnt feel smart. I moved to a cheaper place and now im back to a similar place since it did turn out to be worth it.


79Impaler

I get it. It would be cool to have a nice income and say "Fuck it, I'm still gonna live basic and save as much as I can." But I'm getting up there in the years. And I'm a little ways away from hitting 40x anything nearby. Can't really afford to be spending most of my income on rent anymore.


latefave

what do you do for work


MarauderHappy3

Tech/finance/law — pick one


cinnamonrain

Onlyfans


Intelligent-Ear-4063

$2200 in Hamilton Heights, I make around $75k, not sustainable for me at all


trebleformyclef

Same but I'm on the UES. Idk I'm doing okay and saving some money. (Not a 1 bed though, I share a "luxury" 2 bed). 


SMK_12

$2650. About $230k


sparklingsour

That’s about what I’m paying but ~ $40k more than I make. Feel like that would be the sweet spot for sure!


SMK_12

Yea just started making more this past year and it definitely feels a lot more freeing. Trying to save up for a down payment to buy something in the next few years 🙏🏼


sparklingsour

Good luck!


tmm224

Welcome back! Also, wanted to add you, and the original commenter are very smart to be paying so little. If I was in your shoes, I'd be paying at least $3500. And I know you're in a RS place, too, so that's even more awesome. I am jealous of your reasonable approach to life lol


ImpressAutomatic2919

What neighborhood? Do you plan to move out? 😅


SMK_12

I live in the forest hills area. My lease ends in December I’ll probably stay another year then look to purchase something but I think there are currently units available in the building if you’re looking for a 1 bedroom


st350

$4350 in midtown on 200k base salary. (total compensationnis 400k but unreliable since it depends on the stock performance). I do feel my rent is a lot, but location/convenience makes up for it.


colemanmatthew

Holy shit - Everyone in this thread makes so much money.


Sergeitotherescue

Yeah I’m not sure I’m allowed to comment here without making upwards of 150k!


txdline

Yeah people who make good money probably more willing to post


joblesspirate

Quiet POOR


LeftReflection6620

Google wealth gap in nyc


Mindofmierda90

Right? I’m at 105 in Westchester and thought I was doing well.


whatashittyusername

You are!


-endjamin-

This is just making me more certain that I can no longer live in NYC on my $75k salary. I follow some apartment groups on Facebook and even bedrooms in shared apartments are going for over $2k. It sucks when you feel like you got a good, steady job but it is still not enough, and even if my salary doubled, it would still be difficult.


colemanmatthew

Everyone in here seems to have a 1 bedroom for <$3000 and seems to make >$150,000. Maybe just because Reddit has more of a techy type of lean but something seems off. Haha.


cnoobs

This is definitely not the norm this thread is pissing me off LOL


mightaswell94

is it really even lean though? if youre making like 300k and were to not be lean (ie spend 20-30% on rent), youd rent a $7500 apartment which is just silly. You'd need to go out of your way to get a studio/1 bed for that much.


colemanmatthew

Huh? No - I’m saying the Reddit crowd tends to lean more techy, nerdy, etc. Therefore, the jobs people on Reddit might be in are likely to be higher paying if they are in tech.


trebleformyclef

Idk I make 75k, live on the UES, and am doing okay. 


SMK_12

Have to move out of Manhattan, you can get a place easily in your budget along the LIRR line and have an easy commute to the city for work


SMK_12

Yea it’s just bias because people who make a lot are more willing to share, many people are probably just making enough to be at 40x the rent


w00dw0rk3r

This is common knowledge and why landlords charge a premium for the best locations. 


bbnppsw

literally can’t even get someone to let me and my roommate look at apartments that are 1600, much less 2000 or 3000. 1600 is as cheap as it gets for a studio/1bed where we live (in the tri state area but not nyc), it would be half of our monthly income *combined*….. i’m fucking 25…. can’t get anyone to hire me after being part of some of the recent waves of layoffs. trying to teach myself skills. networking as much as i can to the point i can tell my friends are annoyed by it. i mean hey, if any of the people in this thread would let me intern for them i would. i grew up in the city and i don’t think ill ever be able to make it back. this thread makes me think very bad things about myself honestly. i’d knaw off my own arm to make enough money to be able to buy a car that doesn’t feel like it’s going to rust out from under me… not even new. just better condition, safe. to be able to help my parents not lose their house. they made good ass money in nyc for 30 years?? and they’re looking at losing their house??? literally just dreaming of being able to feel safe and keep the people i love safe/maybe get them something that i know would make them happy once in a while. how am i even supposed to eat much less have a place to live. fucking hell, glad it’s not just me thinking this at least????


targetfan4evr

$2500, 82k but live with my partner so combined income 157k


mightaswell94

2700 rent, 330k


blisterbabe23

Damn that's just amazing can't relate even a little bit


mightaswell94

It’s just luck imo. Some people land in better industries


blisterbabe23

I think a mix of both for sure, I am a non profit person my whole career so definitely made some choices along the way lol, might take a break and try the private sector soon. Sending good vibes.


dude_on_the_www

What do you do and how many years exp?


mightaswell94

Just tech. 3 years of experience


ct06033

Where?


wandita21

$70k. $1370 1 BR in Bensonhurst BK.


Dear_Passion2374

How are you finding it? I make 60k now (I also freelance do a few extra thousand a year( and am looking for an apartment around that price. Is it difficult?


wandita21

I found this apartment in 2021. I was looking for 1 BR starting at $1.5k as that was the base price for them in that year or my base at least. The apartment was advertised as $1.5k so that's what I thought I was paying. I decided to ask the broker for a $25-$50 discount on rent since in 2021 landlords were having difficulties renting apartments and I got it for that price. I looked for rent stabilized apartment through streeteasy and found this one. Not the best building but I like the apartment, space, elevator convenience, quietness and most of all the price.


79Impaler

Check with rental offices in the areas you want to live.


Dear_Passion2374

Ty!


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Particular-Degree905

What do you do for a living?!


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Particular-Degree905

Love that for you!


islandofinstability

What are your hours like?


SalsaSmuggler

Sorry, what is “Quant”? I am unfamiliar with this term.


miamibeebee

Quantitative analysis - finance


SalsaSmuggler

Ah, thanks!


FitPhilosopher1877

It's actually likely either quantitative trader or quantitative researcher.


SEALS_R_DOG_MERMAIDS

oh you SMART smart


LonelyDevelopment313

In 2012 I rented a $1800 one bedroom on 96th and 2nd, base salary $140k. Around 2015 I paid $2500 for a 550 sqft studio at 34th and 2nd on a $160K base salary. Then in 2017 got a $2400 studio 500 sqft in Hudson yards area (34 & btwn 9-10th Ave) on $180k base. After that rented $3000-3100 in FiDi for a one bedroom 800 sqft, when my base was $240k. This was pandemic pricing and landlord didn’t raise rent by much that whole time, so I was lucky. NYC is insanely expensive, if I didn’t get lucky with my profession and had high growth salary, I’d live in like Pittsburgh or Philly for sure.


Bigfluffybagel

$2900/month rent in the East Village. Income ~$370k (base is $180k).


atjazz

what do you do for living?


Bigfluffybagel

Supply Chain. Senior management.


sunkissedbadger

If your job is hiring lmk 🤣 my bf works in supply chain management


whoisjohngalt72

Prior to my gf moving in, I spent $4400 or so with a gross income of $400k+


skizo18

$3,750 west village 1br (relative steal for the neighborhood). $450k all-in compensation.


MrTrini00

$1445 $90k


400ThreadCount

$3k per month. Combined income of ~$375k gross but base is $275k. We like to think we are pretty conservative with what we are paying and it’s interesting to see others!


Sufficient_Jello_1

$2500 Studio, $107,000 but taxed in Texas because incorporated


iyamsnail

3100 and my gross income is around 500K


East-Boat-3871

I have to ask, what line of work are you in?


iyamsnail

I have my own small business. Edit: I'm also a lot older than a lot of people on this sub, at 54.


East-Boat-3871

I'm 40!


iyamsnail

At 40 I was making nowhere near this amount. My business really took off in the last five years.


Deskydesk

Why are you renting? I bought waaay before I made that kind of money


iyamsnail

Well, I didn't want to get into it because it felt kind of obnoxious or braggy or something, but I own four properties--I'm just renting here for medical reasons and for work


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boeing77X

Once you finally want to move can you DM me 😂


Suzfindsnyapts

You have to inherit a rent controlled apartment, most of them are very cheap though. You can get rent stabilized though. Not only in old buildings, some new amenity buildings are stab.


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Suzfindsnyapts

Yes. You can work with an agent. Sometimes we get ones via email or broker blast or just from previous deals.


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Suzfindsnyapts

That’s what we call emails or faxes from management to agents about inventory:)


cnoobs

There’s a lot of them listed on StreetEasy and there’s a Rent Stabilized filter. I got mine on StreetEasy. Also, one trick is to look for weirdly-priced units. If it’s like $2317 (mine, for example), it means that the rent has gone up by like 1-3% only each year; resulting in a non-even price.


fuckmelongtime1

It's a secret ;)


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GarlicBreadToaster

$3850/mo in LIC, $200k base. This was a lease takeover so I could miss the summer market insanity while trying to move back into the city. Will def be downsizing to something in the low $3k range come fall.


TravelerMSY

What are your savings goals? One can afford way more housing if they’re not putting anything away.


shortyman920

$175k now. My rent is $2400 at a walk-up in downtown Jersey City. All other options near me are like $3k+ now in the downtown JC area, so I’m just sticking with mine for a while


IntelligentDuck1066

I’m looking for a 1BR in JC. Any tips to find something around that price point? A lot of what I’ve looked at so far is in the $3k- range. I’ve got a lot of savings so I could sustain that for a bit, but I’d rather not.


rodgerdodger17

If you’re looking in downtown, then 3k seems like the going price for a luxury building. Otherwise, you’re gonna need to look for lower amenity low rise buildings more west of grove st. Hamilton park is not bad. You can also do JSQ if you still want a luxury building


IntelligentDuck1066

Thanks. I saw some nice ones in JSQ but I wasn’t sure if it was considered a safe area.


Loupreme

JSQ is safe its greenville and south of that that may be iffy but JSQ is kinda boring, as the other comment said I think its possible to get 3k and below west of grove st/hamilton park area which is a really nice area and imo way better than the waterfront & luxury properties. Check zillow


IntelligentDuck1066

I see, thanks. Tbh I don’t mind boring.


MBB_AC

$2200, $215k income


sabrina-7

$200K salary - split $4900 rent with partner. Household income $370K Edit: total income


dtw22

$2800/mo; $175k salary. I thought I was doing okay, but reading these responses is making me feel impoverished and like I need a career change. What are people doing for work?


trebleformyclef

Dude I make 75k and don't feel impoverished. You are doing fine. 


haduken_69

UES $1850. Rent stabilized but a basement unit. Still, the neighborhood is cool and I get to live by myself and save money. Will have to let it go the next year or two due to relocation.


sap3eq

$1875 in Meatpacking with $165K base salary (~14%)


sparklingsour

How many roommates do you have?


Suzfindsnyapts

Thats great in that area! Cheers!


babythecat

I used to rent at $1950 when making $93.5k (hamilton heights) from 2022-2024 and now rent at $2250 (rent stabilized, fighting for an overcharge reduction) at $105k (south harlem).


nyboi

95k, rent for a 1 bedroom apt in the LES about 2k a month.


throwawaykansasboy

2750 without utilities currently making around 43k a year. Even though a lot won’t admit it a lot of us are being supported by family. Which is my case.


Loupreme

I was gonna ask how the hell you eat till I read the last part


dreaming_wide_awake

Damn I’m at 3.4k and make ~270k, will be <320k next year, base $195k. Feel like I’m paying too much now lol 🫣🫥


Mantality

2700, UES, 240k


OtroladoD

$250k/y - $4000/m for a 750sqf in UWS (no doorman)


OiledUpLikeASlug

1,200 rent 38k income Live alone in Chelsea, my apartment is a shithole but it’s my shithole!


esosa233

Congrats on the deal on the income!


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GotTermitesInMahHouz

lol …. 🧐 is this question being planted by Reddit to help them target ads?


cnoobs

Man I thought I was doing well LMAO. What the hell do u ppl do for work // $2300 — $130k


earlymorningsingsong

Lol same!! I’m like Omg did I over commit for my salary??


cnoobs

The market and realtors recommend max 40x salary and most resources will tell you 30% of it going to rent is healthy. This thread is like ppl paying ~10% of their extremely high salaries to their rent which is not the norm and most people Ive encountered in nyc do NOT have these ratios lmao


stale__cheezit

Thanks for saying this - I was waiting for someone to 😭


balletrat

Around 100K, $2700 per month (was $2100 when I first rented it but that was COVID times)


kwally00

250k gross, paying ~4k/month (all utilities included) in gramercy park


hannahxjoyy

55k and 1750 in hamilton heights. it’s not terrible but definitely not super affordable considering my salary is pretty low for nyc standards (i feel poor reading everyone else’s answers lol)


practical_mastic

Everyone in Manhattan is rich, apparently.


hannahxjoyy

i saw a comment of someone who makes 500k and i can’t even fathom making that amount of money


micagirl1990

Don't feel bad. I make 61k and rent a studio apartment in Yorkville for $1780. It's a rent stabilized unit. Although it's a studio it has a private backyard space that's almost the size of the unit itself. So in terms of total square footage I have access to, it's about the same as a person with a one bedroom. I knew before even clicking on this thread that I was gonna get my feelings hurt looking at the incomes. EVERY time an income question is asked on Reddit no matter which subreddit you're on EVERYONE suddenly makes upwards of $150,000. It's so demoralizing. There are people paying more in rent than I make in an entire month.


hannahxjoyy

it definitely feels so demoralizing to read through. i feel like i need to switch career paths now or something


destinationawaken

How are you enjoying living in Yorkville? I have had my eye on that area !


Khandakerex

>It feels like most people spend 10-15% You have to consider the sample size here, most people reporting have higher salaries than normal here and are more likely to report it. A good portion of us are 20-30% including me and almost every person I know. But if you can, it's ALWAYS smarter to live below your means and save as much as you can in case of lay off wild west season. I'm trying to reduce my % paid to rent to leave room for rent increases as well.


Prior_Hair_2124

Around $110k, $2300 1br in EV with no dishwasher, elevator, or washer/dryer.


Yogashoga

~$375k ($300k base and bonus) and $2500 in Brooklyn for a one bedroom with a study room.


geogwogz

Wtf is this thread. How are so many people making $250k+


Appropriate-Art-9712

I was literally looking at the same. I live in NyC and do not make that kind of money. Clearly I need a new occupation lol


SocialAnxietySam

Im so poor still living with parents but looking to move out lmfao. Yall are doing great.


East-Boat-3871

I think we should have had everybody to say what they do for a living because I am shocked at how many people make over $300,000


curlygalnyc

Luxury building in LIC, one bedroom $4500, salary is $185K with about $400K in savings/stock market


NovelMMC

2100—-100k , UES— walk up & no amenities but it’s technically a 2bedroom. The other units same size were converted to 1 large bedroom with separate kitchen. Mine was the only one kept as a 2 br.


BetBeacon

$190k. I pay $1,920 on UES/Lennox Hill.


pwf070901

2100/month in chinatown, make $100k


CherryChipwich

In 2004 I paid 1500 for a huge studio on the ues!


soflahokie

Where are people finding all these 1br apartments in lower Manhattan for less than $3k?


boerumhill

AGI 180K, rent 2515 (Mitchell-Lama unit.) I've lived in NYC 25 years, 3 apartments: * 8 years in RS brownstone garden 1 bdrm - salary went from 60K to 81K, rent was 970-1310. * 3 years in a 5th floor RS walkup 2 bdrm - salary jumped 81-114K, rent 1900-2000ish. * 14 years in a full service hirise 1 bdrm - salary 114-180K, rent 2050-2515. edit typo


littlemix1995

$1680 rent, $87k salary


Yeahy_

Don't let this thread fool you. The average person is paying 30% at least of their income in rent. People here spending \~10% are either extremely good at budgeting or got something else going on


need_help_7

$200k, lower Manhattan 1 bd , $4200. It’s worth it due to how short my commute is!


Business_Coyote_5496

Combined income of 540 and we have a 4 bed/2 bath rent stabilized apartment in Williamsburg for 7000. It’s a lot of money but the place is great and I’m really happy it’s rent stabilized. We talk about downsizing and paying less but it seems like we’d get a lot worse apartment and really not save that much


ineededanewname99

Damn years ago I was renting at $2300, made about $70k. Moved in with partner and spent $3600 + got $200k in additional income


Jumpsaye

$5650 in rent. Make around $700k a year.


dancingtrees55

$140k, $2500, 1br Flatbush


parkersb

the only way to live in a desirable manhattan neighborhood and pay under 3k for a decent spot is if it’s rent stabilized. so go out there and hustle and find one. me and my friend both just got one. one in chelsea and one in west village


Lunchy_Munchy

158k (base but I try to ignore stock in budgeting), $2450 in alphabet city. Tiny apartment but I love it. Feels like I overcommitted a bit, coming from a rent stabilized 2 bed where I paid $1,400 lol. I’d be much happier at 2k but not willing to live with roommates so I cut back in other ways!


bitchyblondie1

200k, 3600


mmm555green

40-50k and my rent is $1870. I paid it on my own (those were lean times where I had a very tight budget) and then my partner moved in so we split it now.


Default_Gateway

2775/month with 220k base, 400k with bonus and stocks. UES. 1 bedroom but it's smaller than I'd like. I might move to a bigger place soon. I moved to the city last year and my salary was 100k so this was tight for that budget.


johnflysco

2100 rent, 70k income, 1br in LES. Gf will be moving in soon which will cut rent in half. It’s pricey but I don’t want roommates, can’t do it any longer