Manhattan

8.7 million

New York City is composed of five boroughs: The Bronx, Brooklyn, Manhattan, Queens, and Staten Island. Each borough is coextensive with a respective county of New York State….Background.

The Bronx

The Bronx is NYC’s Most Affordable Borough With a median sales price of $519,000, the Bronx is the most affordable borough in NYC. Citywide, the median sales price is $700,000, with the Bronx, Staten Island, and Queens being the most affordable boroughs, and Brooklyn and Manhattan being the most expensive.

Harlem is a neighborhood in Upper Manhattan, New York City. It is bounded roughly by Frederick Douglass Boulevard, St. Nicholas Avenue, and Morningside Park on the west; the Harlem River and 155th Street on the north; Fifth Avenue on the east; and Central Park North on the south….

The 5 Most Affordable Places to Live In New York City

• Inwood. Our first pick is located in Manhattan, if you can believe that.
• Windsor Terrace. This quiet residential neighborhood is located on the south edge of Prospect Park, in Brooklyn.
• Riverdale.
• Forest Hills.
• Roosevelt Island.

Total: $2,524.50 per month. 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.

Brooklyn has become so popular it now costs nearly as much to live there as it does in Manhattan. Just over a decade ago, Brooklyn rent was $1,000 cheaper than Manhattan rent, but times have changed.

How To Afford Living In NYC And Other Expensive Cities

1. Housing: Know your priorities.
2. Transportation: Walk, ride, bike or carpool.
3. Daily spending: Keep a record.
4. Food: Plan meals ahead of time.
5. Fun: Find free attractions.
6. No matter what: Be creative!

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.

Yes you can. Depending on whether you don’t mind having a roommate or roommates you can definitely live in NYC or one of the boroughs. There’s always air bnb too.

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). You could even live alone. Before my husband and I moved in together, he was living in Midwood, Brooklyn, in a nice 1 bedroom apartment for about $1250 per month.

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.

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.

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.

According to U.S. Census Bureau’s 2013-2017 American Community Survey 5-Year Estimates, the median individual income in New York City is $50,825 . Inflation would bring this number a little higher, but not that much higher. So yes, 150k is a good salary in NYC even before bonus.

Yes, easily, but you would have to share an apartment, paying about $750 per month for a room in the outer boroughs and far out in them as well, but at $30,000 your taxes would be low and you might still have $1,000 or so a month left for other expenses.

The amount needed to maintain an upper class lifestyle is $1.08 million. With a 45% income tax rate, a gross income of about $2,000,000 is needed. Due to COVID-19, my updated calculation for an upper middle class lifestyle and an upper class lifestyle in 2020 are $366,000and $716,000, respectively.

$500,000 annually, even considering NYC expenses, would be rich, and closer to Top 1 Percent territory than Middle Class. Meaning one could live quite well on $500K.

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!

120k will not go far in Manhattan. The taxes are very high at that salary level. If you max out your 401k (which everyone should be doing unless you get a pension or have family money/trust fund), then your take-home pay will be around $5026 per month.

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.

If you’re frugal, it’s great. If you’re a big spender, it can be a different story because it is very easy to spend a lot of money very fast in NYC. So, short answer: 300 k is a nice salary that gives you flexibility, even in an expensive city like NYC – it’s up to you to make the most of it.

If you make $120,000 a year living in the region of New York, USA, you will be taxed $36,198. That means that your net pay will be $83,802 per year, or $6,984 per month. Your average tax rate is 30.2% and your marginal tax rate is 39.5%.

If you make $120,000 a year living in the region of California, USA, you will be taxed $39,076. That means that your net pay will be $80,924 per year, or $6,744 per month. Your average tax rate is 32.6% and your marginal tax rate is 42.9%.

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