Retirement Place Reviews

What is considered a comfortable salary if you wanna stay in NYC?own a car...rent a apartment in town?

-for a couple with 1 toddler -own a honda -stay in a 2bedroom apt in a reasonable hood -eat dinner out on the weekends -have decent lunches - not just hotdogs/burgers -contribute to a retirement savings plan and have some savings leftover for yearly holidays to like europe/asia and maybe wkend getaway/ trips to the folks out of town like once every 2 mths or so -have a spouse work part time(earning enough for like her pocket $$) while taking care of the kid -80K-100k after tax at the min is what i'm guessing gabound75> thanks....i probably think that nyc will be more exp then...probably need more...unless i cut down on the holidays and maybe not eat out every wkend...unless my wife like brings in more $$$ sonofagunk> u really got me thinking now...sheesh...it's almost like out of the question now...and a new jersey commute isn't what i was going for and working in NJ is something i've not even considered...and i don't think i can bargain for more $$...ditch the car ..and hopefully my wife finds fulltime work there too..and then maybe...are there any lawyers /acct who kept help with getting the taxes to like 20-30 %..hmm...and rentals ...i was figuring 2 to 3 grand max but not 3.5!?

Public Comments

1. Having lived on Boston for 2 years, and having a very similar situation to the stats you mentioned above, I would say 100 - 120K after tax. We both worked full-time while there and earned right in the 80-100K after tax that you predict. We own 2 vehicles, 2 kids, and ate out a lot, so I guess that's why we didn't save much. :-) Perhaps you might be ok on 80-100 after all. :-)
2. first off 80k pays for parking.kids should not be raised in NYC.you cant afford it if you have to ask.try jersey.it is just as cold and miserable and affordable to all.so you don't like the hot dogs in NYC.your too good for hot dogs.i happen to own a hot dog cart.you are a troublemaker I can tell.
3. Each month It will cost you: $3500 for rent $350 to park your car $400 for CAR INSURANCE (you do NOT need a car here, you will only use it 2x a month) $800 to eat out Friday and Sat (assuming 4 weekends a month) Lunch is $10/day. For both of you, 30 days a month, another $600. You also need $76/each for the subway. That comes to $69K/year. since you will have to pay federal, state and NYC tax, you are only go to bring home 60% of your salary. So that means $115K salary, you put the max in your 401K, that puts you at $130500. Now you need a lot of other stuff. So I would say $200K. I live here (do not have a kid or a car), so I have some idea what I am talking about. Ditch the car. There is no where to park, and no where to drive to. Just take cabs and the subway like the rest of us. also, you need $7K or so in relator fees to get you started