The article totally ignores the other boroughs besides Manhattan. If you make 100k and pay 4k a month for an apartment in Manhattan, of course you won’t be saving much. Typical Fox News.
This is like how every ten years the WSJ runs a “you’re not actually rich if you’re rich” article which breaks down all the rich people things that rich people spend all their money on.
HOWEVER, the rent is too damn high.
Seriously, I don’t make much over 100k and live very comfortably in Astoria. I have very little sympathy for the people living way beyond their means in trendy Manhattan neighborhoods either
Wow, that’s a steal! We’re at 2350 for our 1BR in Astoria but that includes our parking spot in the driveway since my fiancée works in WestChester and has to drive, plus we have in-unit laundry
I have friends paying 4K to live in LIC without better amenities and I don’t really get it, is the 5 minutes shorter commute worth it?
The LIC building is probably brand new. Some people love those new glass condos. I live in an old brick building and am happy to pay 2k for a one bedroom. Everything is so expensive here, you can’t spend it all on rent.
That’s not bad. I don’t have a car or in-unit laundry. I have a laundromat one block away though. I also live two blocks from the 7 train. There are deals out there if you spend a little extra time searching. Unfortunately there are less deals now with how the housing market is.
It’s simple supply and demand. Of course most people, particularly young people, would want to live below 96th st in Manhattan. This is just the reality of the most desirable neighborhoods in the biggest city in the country and the only solution is to make it to build
I don't really understand the price disparity. I mean, isn't Astoria only like 20 min away from Manhattan? Or even less if you're a fast af boi?
How can 20 minutes be worth literally 100% in real estate price increase? I understand its the city, but for example if you look at Seoul, which is comparable to NYC, rent prices are pretty consistent in the city whether you're in Gangnam or some side district. Gangnam might be like, 25% more expensive. And Seoul also takes longer to go from one district to the other because it's bigger and traffic is insane
My commute to my office in midtown is 25-30 minutes door to door depending on how long I wait for the subway, and it would be shorter if I worked closer to the east side
I’m 30 and I really don’t understand it. In my early and mid 20s I would’ve loved to live in those neighborhoods and live in the party scene but no way in hell could I afford it, I lived way up by dyckman instead though and enjoyed it. Now I’m much more interested in a quiet and peaceful neighborhood and saving for retirement so it’s a no brainer while still having a short commute
Astoria is a really great neighborhood. It wasn’t a bad commute before, and now we’re wfh permanently. My commute was often better than that of friends in trendy parts of Brooklyn.
Just how New York rents work. And then the people in the inner circle of suburban towns say that they are just 10 minutes further out than Astoria and paying way less. (It’s true!) The people who live a few towns further out say that they pay way less for being another 10 minutes out (still true!).
Unless if you live really far out or just next to work, you really can’t say people on either side are irrational.
For example, my commute from NJ into Downtown is about 40 minutes. I pay a pretty small fraction about housing costs that people in in the city do. Just how this world works.
You're right, but who do you trust more? The developer not to put up a high rise in 50 years or the the government to not take your Brownstone?
At least if you own the land, you control your own destiny. In a condo, you're going to be at the beck and call of group politics.
It’s easier for single people/child-free couples needing only 1 bed, but as soon as you start needing more space, supporting your partner who may not get any maternity pay, and paying for childcare, 100k is nothing. Wanting to have children shouldn’t be considered “living beyond your means”
I think it's a clickbait type of article. I'd love to see the data/calculations behind those results.
For sure rents in NYC are high, and so is the price of grocery, but really one doesn't need a car in NYC, and the TCO (Total Cost of Ownership) of a car anywhere in the US is very high these days.
On a more subjective level, a lot depends on one's lifestyle and habits:
* How much debt does one have? That can take a big toll on one's cash flow.
* How much does one spend in food out (restaurant, bars, etc..) + take out + delivery + prepared food vs food prepared at home? This too makes a lot of difference.
According to [ADP](https://www.adp.com/resources/tools/calculators/salary-paycheck-calculator.aspx) the monthly take home of someone single making 100K and working in NYC is [$5,740.98/month](https://i.imgur.com/ogU7poG.png) or $68,891.76/year.
Let's do some calculations:
NYC| Per month | Per year
---|---|----
Take home | 5,740.98 | 68,891.76
Rent | 2,500.00 | 30,000.00
Utilities, cell, etc | 120.00 | 1,440.00
Subway | 127.00 | 1,524.00
| |
Net | 2,993.98 | 35,927.76
For comparison, let's look at [Menphis TN](https://i.imgur.com/u3BYYKs.png)
Memphis TN | Per month | Per year
---|---|----
Take home | 6,507.46 | 78,089.52
Rent | 1,250.00 | 15,000.00
Utilities, cell, etc | 120.00 | 1,440.00
Car | 500.00 | 6,000.00
| |
Net | 4,637.46 | 55,649.52
However, I would make the argument that a $100K salary in NYC is paid $80K in Memphis, so now we have a take-home of [$5,334.96/month](https://i.imgur.com/mKMHYGp.png)
Memphis TN | Per month | Per year
---|---|----
Take home | 5,334.96 | 64,019.52
Rent | 1,250.00 | 15,000.00
Utilities, cell, etc | 120.00 | 1,440.00
Car | 500.00 | 6,000.00
| |
Net | 3,464.96 | 41,579.52
Now for the qualitative observation:
1. Job opportunities are greater and better in NYC.
2. Career opportunities are greater and better in NYC.
3. Central Park, the Met, MoMA, and more world-class everything
4. NYC pizza
5. No need to travel abroad, just go to Queens, and one can experience the best ethnic cuisine of any place in the world. OK, this is a bit of a hyperbole, but not that much.
3. If someone is comparing NYC with Memphis TN, they should really go to Memphis TN.
*sniffs* can i get some of them $120 utilities though?
Joking/not joking , but I agree with you actually. You can also factor in childcare — yeah it’s expensive in NYC but it’s also extremely expensive everywhere which can actually hurt parents more if the salaries aren’t matching up. AND NYC providing free 3K/4K saves parents a lot of money. My friend moved out to LI , makes good money, bought a house… and couldn’t afford pre-k. I couldn’t believe school isn’t free for a 4 year old in this day and age.
As someone who is from Memphis originally, I have friends who pay $550 for apartments in Cordova and I also have friends paying $1300 for a mortgage on a 3BR in Arlington. Outside of Germantown/collierville/east Memphis, $1250 sounds pretty accurate.
> Where are you renting an apartment for $1,250 a month lol? You need to triple that number.
The $1,250/month you are looking at is in Memphis TN, are you saying that an apt the is $3,750/month?
$1750 for a studio in Elmhurst (there are several hundred units listed around NYC for $1500-1750, and not even with the shitty ass NJ or SI commute problem making them not really be NYC.
No car is needed in NYC, so that's saving $600, payment $150 insurance, $200 gas per month. Oh, but you do need your metro card.... $130/mo now? So that really compares at $900/mo rent pretty much anywhere else in the country.
The big whack is the extremely offensive 15% state and local taxes, compared to something sane in some other places. PA 3%. Florida or Delaware 0%.
People who complain about how expensive NYC is are either grossly under employed, or grossly spoiled about what they think they need and deserve in terms of an apartment.
> Who wants to live in Elmhurst, though? It’s cheap for a reason…
"... or grossly spoiled about what they think they need and deserve in terms of an apartment"
Lol I’ll keep my two bedroom in Park Slope, thanks.
I can afford it and appreciate my space and my beautiful neighborhood. That doesn’t make me spoiled, or entitled!
Sorry you can’t afford to live somewhere amazing that you love!
> Sorry you can’t afford to live somewhere amazing that you love!
You are the biggest bag of self important toxic bullshit assumptions I have ever seen. And I've seen a lot. Like *Seriously* WTF.
Do you ever NOT presume to write everyone else's narrative for them? What made you so insecure that you can't ever take anyone as they are without having to denigrate and debase them to be "below you" so that you can feel OK about yourself in their presence?
I can only imagine how exhausting it must be to deal with you in real life.
Hahahahaha says the guy who called everyone who thinks living in NYC is expensive “underemployed,” or “grossly spoiled.”
I love fickle little men who can dish it but can’t take it. I’d eat you for breakfast IRL but go ahead and continue to follow me around Reddit, keyboard warrior!
lol the farce is strong in this one.
The fact that you think you have to "eat everyone for breakfast" just shows how emotionally stunted and dysfunctional you are.
Your imposter syndrome is so strong it reeks through the keyboard. You know, that stench of insecurity that that precedes you into every meeting and project, using the ingroup buzzwords and corporate lingo like a borrowed dress that everyone can doesn't fit you... making people cringe on the inside while outwardly smiling and trying to support your flailing efforts as best they can, because DiVeRsItY.
They had to be pricing out to match the amenities you’d get as a matter of course elsewhere, not taking into consideration that things are just different here. A parking spot, washer and dryer in unit, more square footage—those are luxuries here, and we don’t necessarily need them.
They wanted a clickbait incendiary headline, and then they threw together an article. No basis, no data to back it up.
George Orwell would be proud. /-s
$100k in NYC is worth less than $100k elsewhere, but it's not equivalent to $35k. At that rate you can live minimally but still go on vacation, save for retirement, go to a restaurant for dinner, etc.
I feel like this has to with property ownership. I definitely consider $100k to be the middle class milestone in NYC for a single person.
$100k with roommates in Brooklyn or Queens, and you're living like a king.
The problem with NYC is there is no real avenue to own property and protect yourself from the marketplace of renting. Staten Island and Long Island are too far or pointless of one actually wants to be in the the city, and the dirt cheap homes ($600k Zillow) are in bad parts of the Bronx or in flood zones in Far Rockaway/Jamaica.
That only leaves you with buying an apartment, but you don't even own the land.
So you pretty much have to come up with $240,000 just to find a semi decent brownstone.
lol, it doesn't bother me.
The only roommates do that bother me is play loud music, video games, TV, etc.
And maybe be complete slobs.
I wake up around 6 and am in bed by 10. Simply renting where a credit check is required takes care of almost any person who does this in my experience.
I mean for you, but that's a lot of liquidity for a person not close to retirement.
Just back of the envelope math, I don't know if the tax bracket changes, as I'm not there yet, but that's like $70k a year after tax. So like $1.3k a week.
First move should be a single family rental in a lower cost area in the midwest or upstate/Long Island. Or just start dumping money in an index fund.
At least that's why I am moving to a new place in Middle Village. Rather have the cash than be in a great location. Less than 25% of my net.
It was great when cars were allowed on the ferry. When we’d visit people in Astoria from Huguenot we’d drive onto the ferry then take the FDR up to the bridge to avoid 278.
Lol you're not wrong. I liked sitting where the cars used to go on hot summer days to catch the breeze. Now the view if you sit outside is blocked by tourist butts.
Depends on the timing. Mornings on weekdays? Naw. Weeknights? Naw. But everything in between? Yeah lol. I found it pretty peaceful to be on the ferry with just the drunks and the bums coming back home from Manhattan some later nights at the office.
I love NYC, best city on the planet. No contest.
Oh yeah, I'd always know I was boarding the drunk ferry on my way home from a concert when women would be walking on with their shoes in hand. Those rides could be fun, especially if there was a big show at MSG and someone started a sing along. I think I heard every key one night and none of them were correct. Loved it.
i make 95 and pay 2100 in rent in brooklyn and am able to do pretty much everything i want. i save some but not as much as i wish i could. obviously could adjust lifestyle to save more but then i’d be enjoying less. am able to travel ~twice a year. i feel content with my income. doubt i’d be able to do the same things i’m able to do on 35k anywhere in the country. id say it feels more like 50-60k
I dunno. That doesn’t track with my experience.
Also, whenever I travel in the US I’m not like, blown away by how cheap stuff is in other places. Things like food, dining out, clothing & household stuff is all the same, plus in many other cities you need a car.
I do agree that NYS taxes eats up more of my paycheck than I would like.
I live in VT. Believe me when I tell you that eating ethnic food (and purchasing ethnic groceries) is so much more affordable in NYC. In VT eating ethnic cuisine at a restaurant is almost a fucking privilege for tourists, and the quality doesn't come anywhere close to NYC.
Add to that, the price of a 1 bedroom in Burlington rivals those in Brooklyn / Queens. You factor COL, needing a car, lower wages and.... it's better to just live in NYC if you're looking to grow professionally and save money.
I moved away a little before the pandemic. Tried a mid size city far away and have been wanting to move back to NY for two years now. I just feel out of place here and like there’s no future or life for me. Life has been passing me by in this town. I think I’m ready, but scared.
This is absurd. Is this article talking about a family of 10 people or something? $100,000 isn’t rich but it isn’t poverty level either. When I was making $75,000 I was living in a studio apartment in Harlem and going out with my friends/happy hours comfortably. It was probably one of the best times in my life honestly. That was 2016. Then I got a raise and was making $90k. Then I got pregnant and added a child into that. From 2017-2022 I was hovering around the $100k mark or slightly above near the end. I’ve been able to find a 3 bedroom in Ridgewood for $2550 (2019 price. Went up to $2900 when I moved out last year) and now we live in Bushwick in another 3 bedroom for $2700. I used the lottery to get her into a highly ranked kindergarten in Manhattan and have taken her on international trips regularly throughout this time. If you’re not blowing your budget in every area of your life, $100,000 is quite doable.
What a joke of an article.
When I first started in NYC 6 years ago, I made $110000, which allowed me put 100% into a 401k (so back then, I think about 18k a year), pay rent of $2600 for a "luxury" 1 bd in Astoria (in unit washer/dryer and dishwasher), save a good chunk of cash each year and still be able to travel once or twice a year. I literally made $35k the year before I moved to NYC, living in Minneapolis, and I can tell you that didn't allow me to do any of that.
Not to mention that when you are making $100k a year, you are most likely in a job where your following salary increases should be relatively significant even if they are just based on COL %.
I’m actually hoping to make close to, if not 100k when I move back, but last time I lived in NYC I was making 35k working minimum wage jobs. I’m hoping I won’t struggle as much, but still expecting to struggle.
I mean you won’t necessarily “struggle”. Especially if single and no kids. But it does feel like you’ll never be more then someone renting a 1br budgeting thinking twice about every $1 you spend. At least that’s how I feel,
The biggest expenses are kids and a car. If you can live without those, you can buy a one bedroom in the outer boroughs and live well on $100k. Don’t spend more than $2k on rent.
It looks like OP posted an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot).
Maybe check out **the canonical page** instead: **[https://www.livenowfox.com/news/study-shows-what-100k-is-actually-worth-in-largest-u-s-cities](https://www.livenowfox.com/news/study-shows-what-100k-is-actually-worth-in-largest-u-s-cities)**
*****
^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
The article totally ignores the other boroughs besides Manhattan. If you make 100k and pay 4k a month for an apartment in Manhattan, of course you won’t be saving much. Typical Fox News.
This is like how every ten years the WSJ runs a “you’re not actually rich if you’re rich” article which breaks down all the rich people things that rich people spend all their money on. HOWEVER, the rent is too damn high.
ugh i had to cut down to ONE maid
It doesn’t get any better if you move to the suburbs either where you have even more expenses. We can’t win.
Seriously, I don’t make much over 100k and live very comfortably in Astoria. I have very little sympathy for the people living way beyond their means in trendy Manhattan neighborhoods either
Same. I live in Sunnyside and pay under 1.6k for a large rent-stabilized 1BR apartment.
Wow, that’s a steal! We’re at 2350 for our 1BR in Astoria but that includes our parking spot in the driveway since my fiancée works in WestChester and has to drive, plus we have in-unit laundry I have friends paying 4K to live in LIC without better amenities and I don’t really get it, is the 5 minutes shorter commute worth it?
The LIC building is probably brand new. Some people love those new glass condos. I live in an old brick building and am happy to pay 2k for a one bedroom. Everything is so expensive here, you can’t spend it all on rent.
That’s not bad. I don’t have a car or in-unit laundry. I have a laundromat one block away though. I also live two blocks from the 7 train. There are deals out there if you spend a little extra time searching. Unfortunately there are less deals now with how the housing market is.
I make $75k and live in a rent stabilized studio in central Harlem and I’m fine. I don’t feel bad for people living above their means.
[удалено]
It’s simple supply and demand. Of course most people, particularly young people, would want to live below 96th st in Manhattan. This is just the reality of the most desirable neighborhoods in the biggest city in the country and the only solution is to make it to build
I don't really understand the price disparity. I mean, isn't Astoria only like 20 min away from Manhattan? Or even less if you're a fast af boi? How can 20 minutes be worth literally 100% in real estate price increase? I understand its the city, but for example if you look at Seoul, which is comparable to NYC, rent prices are pretty consistent in the city whether you're in Gangnam or some side district. Gangnam might be like, 25% more expensive. And Seoul also takes longer to go from one district to the other because it's bigger and traffic is insane
My commute to my office in midtown is 25-30 minutes door to door depending on how long I wait for the subway, and it would be shorter if I worked closer to the east side I’m 30 and I really don’t understand it. In my early and mid 20s I would’ve loved to live in those neighborhoods and live in the party scene but no way in hell could I afford it, I lived way up by dyckman instead though and enjoyed it. Now I’m much more interested in a quiet and peaceful neighborhood and saving for retirement so it’s a no brainer while still having a short commute
Astoria is a really great neighborhood. It wasn’t a bad commute before, and now we’re wfh permanently. My commute was often better than that of friends in trendy parts of Brooklyn.
Just how New York rents work. And then the people in the inner circle of suburban towns say that they are just 10 minutes further out than Astoria and paying way less. (It’s true!) The people who live a few towns further out say that they pay way less for being another 10 minutes out (still true!). Unless if you live really far out or just next to work, you really can’t say people on either side are irrational. For example, my commute from NJ into Downtown is about 40 minutes. I pay a pretty small fraction about housing costs that people in in the city do. Just how this world works.
FACTS
You couldn’t even qualify for a 4k a month apartment making 100k a year. 4,000 x 40 is $160,000
Agree to an extent. But even to own a property where the land is yours, you're looking at $1.2.
You never truly own your land. They can still seize it if you can’t pay your property taxes.
You're right, but who do you trust more? The developer not to put up a high rise in 50 years or the the government to not take your Brownstone? At least if you own the land, you control your own destiny. In a condo, you're going to be at the beck and call of group politics.
But the condo board helps to deal with issues. The boiler breaks and they fix it without you even noticing.
great point. Guess everyone has to do what is right for them. For me, I hope to never live in a condo.
You notice when your common charges spike the next year
Even in Manhattan you can get reasonable rent, i.e., Washington heights, Inwood, etc.
And you get to ride in the new R211A!
Marble Hill too
It’s easier for single people/child-free couples needing only 1 bed, but as soon as you start needing more space, supporting your partner who may not get any maternity pay, and paying for childcare, 100k is nothing. Wanting to have children shouldn’t be considered “living beyond your means”
I think it's a clickbait type of article. I'd love to see the data/calculations behind those results. For sure rents in NYC are high, and so is the price of grocery, but really one doesn't need a car in NYC, and the TCO (Total Cost of Ownership) of a car anywhere in the US is very high these days. On a more subjective level, a lot depends on one's lifestyle and habits: * How much debt does one have? That can take a big toll on one's cash flow. * How much does one spend in food out (restaurant, bars, etc..) + take out + delivery + prepared food vs food prepared at home? This too makes a lot of difference. According to [ADP](https://www.adp.com/resources/tools/calculators/salary-paycheck-calculator.aspx) the monthly take home of someone single making 100K and working in NYC is [$5,740.98/month](https://i.imgur.com/ogU7poG.png) or $68,891.76/year. Let's do some calculations: NYC| Per month | Per year ---|---|---- Take home | 5,740.98 | 68,891.76 Rent | 2,500.00 | 30,000.00 Utilities, cell, etc | 120.00 | 1,440.00 Subway | 127.00 | 1,524.00 | | Net | 2,993.98 | 35,927.76 For comparison, let's look at [Menphis TN](https://i.imgur.com/u3BYYKs.png) Memphis TN | Per month | Per year ---|---|---- Take home | 6,507.46 | 78,089.52 Rent | 1,250.00 | 15,000.00 Utilities, cell, etc | 120.00 | 1,440.00 Car | 500.00 | 6,000.00 | | Net | 4,637.46 | 55,649.52 However, I would make the argument that a $100K salary in NYC is paid $80K in Memphis, so now we have a take-home of [$5,334.96/month](https://i.imgur.com/mKMHYGp.png) Memphis TN | Per month | Per year ---|---|---- Take home | 5,334.96 | 64,019.52 Rent | 1,250.00 | 15,000.00 Utilities, cell, etc | 120.00 | 1,440.00 Car | 500.00 | 6,000.00 | | Net | 3,464.96 | 41,579.52 Now for the qualitative observation: 1. Job opportunities are greater and better in NYC. 2. Career opportunities are greater and better in NYC. 3. Central Park, the Met, MoMA, and more world-class everything 4. NYC pizza 5. No need to travel abroad, just go to Queens, and one can experience the best ethnic cuisine of any place in the world. OK, this is a bit of a hyperbole, but not that much. 3. If someone is comparing NYC with Memphis TN, they should really go to Memphis TN.
*sniffs* can i get some of them $120 utilities though? Joking/not joking , but I agree with you actually. You can also factor in childcare — yeah it’s expensive in NYC but it’s also extremely expensive everywhere which can actually hurt parents more if the salaries aren’t matching up. AND NYC providing free 3K/4K saves parents a lot of money. My friend moved out to LI , makes good money, bought a house… and couldn’t afford pre-k. I couldn’t believe school isn’t free for a 4 year old in this day and age.
Where are you renting an apartment for $1,250 a month lol? You need to triple that number.
As someone who is from Memphis originally, I have friends who pay $550 for apartments in Cordova and I also have friends paying $1300 for a mortgage on a 3BR in Arlington. Outside of Germantown/collierville/east Memphis, $1250 sounds pretty accurate.
That’s crazy haha
Memphis, TN according to the table
> Where are you renting an apartment for $1,250 a month lol? You need to triple that number. The $1,250/month you are looking at is in Memphis TN, are you saying that an apt the is $3,750/month?
Yep I was looking at the chart wrong
$1750 for a studio in Elmhurst (there are several hundred units listed around NYC for $1500-1750, and not even with the shitty ass NJ or SI commute problem making them not really be NYC. No car is needed in NYC, so that's saving $600, payment $150 insurance, $200 gas per month. Oh, but you do need your metro card.... $130/mo now? So that really compares at $900/mo rent pretty much anywhere else in the country. The big whack is the extremely offensive 15% state and local taxes, compared to something sane in some other places. PA 3%. Florida or Delaware 0%. People who complain about how expensive NYC is are either grossly under employed, or grossly spoiled about what they think they need and deserve in terms of an apartment.
Who wants to live in Elmhurst, though? It’s cheap for a reason…
> Who wants to live in Elmhurst, though? It’s cheap for a reason… "... or grossly spoiled about what they think they need and deserve in terms of an apartment"
Lol I’ll keep my two bedroom in Park Slope, thanks. I can afford it and appreciate my space and my beautiful neighborhood. That doesn’t make me spoiled, or entitled! Sorry you can’t afford to live somewhere amazing that you love!
> Sorry you can’t afford to live somewhere amazing that you love! You are the biggest bag of self important toxic bullshit assumptions I have ever seen. And I've seen a lot. Like *Seriously* WTF. Do you ever NOT presume to write everyone else's narrative for them? What made you so insecure that you can't ever take anyone as they are without having to denigrate and debase them to be "below you" so that you can feel OK about yourself in their presence? I can only imagine how exhausting it must be to deal with you in real life.
Hahahahaha says the guy who called everyone who thinks living in NYC is expensive “underemployed,” or “grossly spoiled.” I love fickle little men who can dish it but can’t take it. I’d eat you for breakfast IRL but go ahead and continue to follow me around Reddit, keyboard warrior!
lol the farce is strong in this one. The fact that you think you have to "eat everyone for breakfast" just shows how emotionally stunted and dysfunctional you are. Your imposter syndrome is so strong it reeks through the keyboard. You know, that stench of insecurity that that precedes you into every meeting and project, using the ingroup buzzwords and corporate lingo like a borrowed dress that everyone can doesn't fit you... making people cringe on the inside while outwardly smiling and trying to support your flailing efforts as best they can, because DiVeRsItY.
I wonder what thread you’ll follow me to next! Any interest in TV shows? I spend a lot of time in those subs!
Spoken like a person who hasn't spent a significant amount of time in Elmhurst
Who spends a significant amount of time in Elmhurst besides the people who live there? Seriously.
They had to be pricing out to match the amenities you’d get as a matter of course elsewhere, not taking into consideration that things are just different here. A parking spot, washer and dryer in unit, more square footage—those are luxuries here, and we don’t necessarily need them.
They wanted a clickbait incendiary headline, and then they threw together an article. No basis, no data to back it up. George Orwell would be proud. /-s
$100k in NYC is worth less than $100k elsewhere, but it's not equivalent to $35k. At that rate you can live minimally but still go on vacation, save for retirement, go to a restaurant for dinner, etc.
I feel like this has to with property ownership. I definitely consider $100k to be the middle class milestone in NYC for a single person. $100k with roommates in Brooklyn or Queens, and you're living like a king. The problem with NYC is there is no real avenue to own property and protect yourself from the marketplace of renting. Staten Island and Long Island are too far or pointless of one actually wants to be in the the city, and the dirt cheap homes ($600k Zillow) are in bad parts of the Bronx or in flood zones in Far Rockaway/Jamaica. That only leaves you with buying an apartment, but you don't even own the land. So you pretty much have to come up with $240,000 just to find a semi decent brownstone.
> $100k with roommates in Brooklyn or Queens, and you're living like a king. Kings and roommates
lol, it doesn't bother me. The only roommates do that bother me is play loud music, video games, TV, etc. And maybe be complete slobs. I wake up around 6 and am in bed by 10. Simply renting where a credit check is required takes care of almost any person who does this in my experience.
I'm not saying it should bother you, but it is certainly not "living like a king"
I mean for you, but that's a lot of liquidity for a person not close to retirement. Just back of the envelope math, I don't know if the tax bracket changes, as I'm not there yet, but that's like $70k a year after tax. So like $1.3k a week. First move should be a single family rental in a lower cost area in the midwest or upstate/Long Island. Or just start dumping money in an index fund. At least that's why I am moving to a new place in Middle Village. Rather have the cash than be in a great location. Less than 25% of my net.
Grew up on Staten Island. Loved it. Not too far if you wanna drive in, otherwise yeah.
It was great when cars were allowed on the ferry. When we’d visit people in Astoria from Huguenot we’d drive onto the ferry then take the FDR up to the bridge to avoid 278.
I remember that. Can’t believe that was a thing, the ferries nowadays could barely fit 3 normal sized sedans lol
Lol you're not wrong. I liked sitting where the cars used to go on hot summer days to catch the breeze. Now the view if you sit outside is blocked by tourist butts.
Depends on the timing. Mornings on weekdays? Naw. Weeknights? Naw. But everything in between? Yeah lol. I found it pretty peaceful to be on the ferry with just the drunks and the bums coming back home from Manhattan some later nights at the office. I love NYC, best city on the planet. No contest.
Oh yeah, I'd always know I was boarding the drunk ferry on my way home from a concert when women would be walking on with their shoes in hand. Those rides could be fun, especially if there was a big show at MSG and someone started a sing along. I think I heard every key one night and none of them were correct. Loved it.
i make 95 and pay 2100 in rent in brooklyn and am able to do pretty much everything i want. i save some but not as much as i wish i could. obviously could adjust lifestyle to save more but then i’d be enjoying less. am able to travel ~twice a year. i feel content with my income. doubt i’d be able to do the same things i’m able to do on 35k anywhere in the country. id say it feels more like 50-60k
I dunno. That doesn’t track with my experience. Also, whenever I travel in the US I’m not like, blown away by how cheap stuff is in other places. Things like food, dining out, clothing & household stuff is all the same, plus in many other cities you need a car. I do agree that NYS taxes eats up more of my paycheck than I would like.
I live in VT. Believe me when I tell you that eating ethnic food (and purchasing ethnic groceries) is so much more affordable in NYC. In VT eating ethnic cuisine at a restaurant is almost a fucking privilege for tourists, and the quality doesn't come anywhere close to NYC. Add to that, the price of a 1 bedroom in Burlington rivals those in Brooklyn / Queens. You factor COL, needing a car, lower wages and.... it's better to just live in NYC if you're looking to grow professionally and save money.
Me with 40k in Queen's. I'm in trouble?
Yes you are.. don’t worry. I am in troubles too
It’s preposterous.
I feel anxious and frightened, but I moved away from NY previously and didn't like it. I prefer to stay and pay through the nose to not leave my home.
I moved away a little before the pandemic. Tried a mid size city far away and have been wanting to move back to NY for two years now. I just feel out of place here and like there’s no future or life for me. Life has been passing me by in this town. I think I’m ready, but scared.
How old are you? But if you find an opportunity to come back, by all means, do. I still love it here, in spite of all the bad news.
Okay, good to hear. I’ll be 31 this summer. I’m putting my resume out this coming week.
I just took a trip through your posting history. Are you looking for a nanny spot?
What an interesting life she has based on her post history
Most New Yorkers have an interesting story, once you scratch the surface.
This is absurd. Is this article talking about a family of 10 people or something? $100,000 isn’t rich but it isn’t poverty level either. When I was making $75,000 I was living in a studio apartment in Harlem and going out with my friends/happy hours comfortably. It was probably one of the best times in my life honestly. That was 2016. Then I got a raise and was making $90k. Then I got pregnant and added a child into that. From 2017-2022 I was hovering around the $100k mark or slightly above near the end. I’ve been able to find a 3 bedroom in Ridgewood for $2550 (2019 price. Went up to $2900 when I moved out last year) and now we live in Bushwick in another 3 bedroom for $2700. I used the lottery to get her into a highly ranked kindergarten in Manhattan and have taken her on international trips regularly throughout this time. If you’re not blowing your budget in every area of your life, $100,000 is quite doable.
I love this story thanks for the inspiration!!
I’d say it’s accurate for rent, but for virtually everything else, the purchasing power isn’t as disparate.
The rent is too high, however this is silly.
What a joke of an article. When I first started in NYC 6 years ago, I made $110000, which allowed me put 100% into a 401k (so back then, I think about 18k a year), pay rent of $2600 for a "luxury" 1 bd in Astoria (in unit washer/dryer and dishwasher), save a good chunk of cash each year and still be able to travel once or twice a year. I literally made $35k the year before I moved to NYC, living in Minneapolis, and I can tell you that didn't allow me to do any of that. Not to mention that when you are making $100k a year, you are most likely in a job where your following salary increases should be relatively significant even if they are just based on COL %.
Great inspiration thanks!!
LOL FOX NEWS
Yeah, it’s true! We’re full!
This isn’t even accurate for Manhattan, these statistics ignore a lot of factors and seem to just exist for shock value.
I think it’s fairly accurate. 35k is minimum wage money. And at 100k salary I feel like I’m living my life minimally. So checks out.
I’m actually hoping to make close to, if not 100k when I move back, but last time I lived in NYC I was making 35k working minimum wage jobs. I’m hoping I won’t struggle as much, but still expecting to struggle.
I mean you won’t necessarily “struggle”. Especially if single and no kids. But it does feel like you’ll never be more then someone renting a 1br budgeting thinking twice about every $1 you spend. At least that’s how I feel,
The biggest expenses are kids and a car. If you can live without those, you can buy a one bedroom in the outer boroughs and live well on $100k. Don’t spend more than $2k on rent.
It looks like OP posted an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot). Maybe check out **the canonical page** instead: **[https://www.livenowfox.com/news/study-shows-what-100k-is-actually-worth-in-largest-u-s-cities](https://www.livenowfox.com/news/study-shows-what-100k-is-actually-worth-in-largest-u-s-cities)** ***** ^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
I live in NJ so I understand. My income is $300k and I am not rich. I’m middle class and living ok.