Cost of Living in New York

the guy who started off at 40k in 2014 with roommates did very well he said and now makes 64k and still was able to save money.
what is the minimum wage in NY??
i read it is 13 dollars and 20 cents an hour.
so how much is that YEARLY?
https://www.jdsupra.com/legalnews/new-york-minimum-wage-and-salary-7981936/#:~:text=Workers%20in%20New%20York%20City%20employed%20by%20businesses%20with%2010,hour%20(up%20from%20%2414.00).

the average yearly salary for new yorkers is 35,000 per year. yes, thats HALF of what that college graduate makes at 64k.
so if the average salary for people statistically is 35k a year, then there are TONS of people living in new york with a home.

Unless you're born with a golden spoon in your mouth to a millionaire daddy, don't come here.
If the job offer is less than $6,000 NET after tax, don't come here.
The stress and pace of life alone are guaranteed to kill you, let alone the cost of living and inflation.
I see dog moms in their mid twenties looking like 40 year olds walking the streets of NY like zombies. It's tough, it's depressing, it's lonely, it's very expensive and it will consume you slowly. You've been warned.
On a side note, yesterday I was at a Turkish coffee shop here in the backwards of Queens. I bought a small regular coffee and a Turkish delight piece the size of an airpod case cut into 4 little pieces and paid 10 USD TOTAL plus tip. The coffee shop is on Queens Boulevard, arguably the shittiest boulevard in Northern America.
I sat on the sidewalk and stared at my order and I was like Poor America, it could've saved itself, but chose not to.

Thank God!I am in Kenya. Where I get clean water for free and almost all the food mentioned above goes for less than one dollar per kg..After seeing the cost of living there I honestly have no desire to ever go to NYC..

Poor example... no toilet paper you can’t even clean your butt

Rents came down in NYC over past few months. A lot of kids moved out as a result of the pandemic. A studio, which went for $3,500 a month at the beginning of 2020, goes for $2,400 now.
The City is kind of desolate now. Before the pandemic you needed $125k a year plus $50k bonus to live a decent single life. Now, you can do it just for the salary, kind of, without the bonus. The entertainment options are limited. Good luck to all.

Hello folks

Firstly I am from England. Another place where things are stupidly costly on the money we get. I am wanting to know from someone that isn’t going to bull **** me what to expect for a monthly cost of living in Manhattan.

I’m going to give you an example of my current circumstances and I want as many responses as possible to compare. Realistic ones mind you. I am not interested in sharing with some loud drunken hormonal idiots.

I live near Sheffield. That’s Yorkshire for them that don’t know. The centre of Britain. In 2008 the cost of a city centre apartment with hardly enough room to swing a cat - was about £625 rent for a 1 bedroom maybe 2. In 2020 it’s now £925. So I now live in a house.

Here unless you are from a rich family with good jobs life sucks. You have to work long hours and put up with a lot of rubbish!

Monthly costs:
Water £60
Child support £200
Council tax (not including income tax and national ins contribution)
£120
Rent £475
for a two bedroom is cheap normally it’s £700 for somewhere good.
£6 a week tv
£50 cable tv and internet
£20 month phone
£100 a month food if you don’t like eating a lot
£50 a month credit card

I have bad credit and no savings so I couldn’t get a mortgage.
If you earn a bit more then you can get a car. If you have a mummy and daddy they’ll pay for your car. They’ll get you started. Your £100 hang bag and make up and clothes. Whatever.

Here The average monthly wage is £1350
But they’ll claim it’s £2200 Your lucky if you get that.
Jobs are so hard to get because of the amount of applicants and I have 12 years experience and a degree!
That would be for a customer service, call centre, admin, business support, supervisory role. Sales.
You might make £2000 a month with overtime but you get taxes on this. They claim the average salary is £28000 a year maybe it is but you really have to work a lot and maybe you’ll get that if you a manger or tradesman.

Now compare that with yours. For my house worth £250k I can buy a house with a pool in America. For doing a customer service job in New York City (minus all the ridiculous costs on fashion you lot are into) I’d get £60-80k a year but need an American degree for that. A green card. A back up plan. I’d have to commit to long hours and we’ll if they don’t line you they can get rid.

You have no idea how lucky you are. No idea.

But your net pay is shocking.
Let’s say your in a £75000 a year job - which is a good job but you work long hours in New York for that and will probably have no life) spending hours commuting. Putting up with pollution, crime etc and high living costs.

But you’ve all the deductions. Tax etc

I’ve seen hundred of 1-2 bed apartments in a good area in one of your skyscrapers with a gym (rubbish one) and some innovative design - THats between £3000 and £6000 alone - but what they don’t tell you is how much from your net pay you lose before it hits ya bank!!!

I’ve seen apartments in worser areas for less but not much less.
I’ve seen pay slips online and they claim £75000 dollars - a year
Your net pay is £2,500 a month. Before rent!!! Is this true??

Regardless because I’m a writer I have to spend time over there after lockdown. If you guys ever follow the rules.

What can I expect?

Gemme a run down

Rent?
Bills?
Food?
Travel?

How much do you take home after deductions?

Be good to finally know the truth!

Cheers guys

I moved to New Jersey instead of New York because it is so expensive to live and eat. Most of the horror stories below are real and the fellow that lives off 64K a year must be living on the street or be a student.

While expensive, if you make over 150K a year, a family of two can have a comfortable life in downtown NY, otherwise you will have to commute for an hour+ from the Long Island side or from New Jersey, where I live.

However, the beauty of NY, opposite than any other country I have lived and worked in, is that it pays good salaries for educated folks. Companies pay a premium and also pay for your visa if you know how to play the game. So look at what high paying jobs are in need and in 4 years or less, you can move to Manhattan, although I would never want to live in Manhattan! You will develop psychological problems guaranteed!

good article but hey, where are things about the average salary of a doctor? or a builder? or what about how much it costs to go to middle school and high school? I mean, you kinda missed some stuff!

This is one of the best articles I have seen in a long time! Thank you for sharing~

https://www.joinleaf.com/cities/new-york/

How much is cost of living for a couple in Manhattan?if they pay a rent of 5000-6000/monthly.is the salary of 120k/150k enough to have a 5000-6000k apartment in Manhattan and be able to live comfortably?

That's what it will be like in the in America if New York's mayor gets to be president out of control prices because of socialistic living

Don't move here guys! It's ludicrously expensive, and the police will throw you in jail for anything they feel like. Even $100k you will love badly, and in a poor neighborhood, with roommates!

Hi. I just recently won greencard and so, I want to move to the USA which I have never planned before. I have 6 years of work experience, started as an audit intern in BIG 4 and after a year shifted to an international oil and gas company as an accounting/ control/ reporting analyst. I dont know whether I can find a job in a reasonably paid company without CPA qualification (I have US GAAP experience in my current role though). I cannot decide on state selection, where I can find that job and live my life without budget stress etc. I’m also planning to have master after some time, but I dont know whether I have to consider it when deciding on location. I’m open to any advice, at least some guidance to start and consider. Thank you all for your help!