What’s your monthly budget if you make $300k in NYC? : …

Q: Is it possible to make 100k a month in New York?

100k salary means about 5k a month after taxes. To live alone in the city is minimum 1800 for a shitty studio, more like 2200. That's almost half your salary. There is no universe where that is good money management. Is it possible? Sure. Is it a LOT? Hell no. Average salary in New York is 107k. So 100k is literally below average.

Q: Is 100k a good salary in New York?

Hell no. Average salary in New York is 107k. So 100k is literally below average. My partner and I went to Denver for 2 years on a salary of $300K. We felt rich. We moved back to NYC, and our combined $340K makes us feel poor. We live in a meh neighborhood in Crown Heights/Flatbush and pay $3.5K for a 2BR/2BA that’s 800 square feet.

Q: How much money do you need to make $100k a year?

Three cities require $300,000+ to bring home the “new” $100k. Residents of Honolulu, New York City and San Francisco who earn this amount are taxed roughly 40.5% or higher and have a cost of living more than 82% above the national average. It’s easiest to “make it” in Texas.

Q: How much rent can you afford in NYC?

If that sounds tricky to calculate, an easy way to simplify the math is to knock a zero off your income and then divide by 4. So if you make $100,000, you can afford to rent a $2,500 per month NYC apartment. You can use the table below to calculate roughly how much rent you can afford in NYC.

Q: How much 401(k) should a couple make a year?

Today, with two children, I'm thinking $350,000 a year might be more apt. In fact, based on the 2024 income tax rates, a couple can now earn up to $383,900 in taxable income and stay at the the 24% federal marginal income tax rate. With a $300,000 household income, this dual income household of three puts away $38,000 a year in their 401 (k)s.

Q: How much should a NYC landlord pay a month?

Most NYC landlords use a 40x rent rule, which means your annual salary needs to be 40 times the monthly rent to qualify. For example, to rent an apartment for $1,500 per month, you should earn $60,000 per year.

I make $260k with lockstep raises every year, and am temporarily in a single-income household while my SO attends graduate school. After maxing my 401k and paying for other benefits (vision, health, etc.), my after-tax take home is $11.8k per month.

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What’s Your Monthly Budget If You Make $300k In NYC? : …

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$300K Income Required In NYC, SF And Honolulu Just To Bring

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FAQs about What’s your monthly budget if you make $300k in NYC? : … Coupon?

Is it possible to make 100k a month in New York?

100k salary means about 5k a month after taxes. To live alone in the city is minimum 1800 for a shitty studio, more like 2200. That's almost half your salary. There is no universe where that is good money management. Is it possible? Sure. Is it a LOT? Hell no. Average salary in New York is 107k. So 100k is literally below average. ...

Is 100k a good salary in New York?

Hell no. Average salary in New York is 107k. So 100k is literally below average. My partner and I went to Denver for 2 years on a salary of $300K. We felt rich. We moved back to NYC, and our combined $340K makes us feel poor. We live in a meh neighborhood in Crown Heights/Flatbush and pay $3.5K for a 2BR/2BA that’s 800 square feet. ...

How much money do you need to make $100k a year?

Three cities require $300,000+ to bring home the “new” $100k. Residents of Honolulu, New York City and San Francisco who earn this amount are taxed roughly 40.5% or higher and have a cost of living more than 82% above the national average. It’s easiest to “make it” in Texas. ...

How much rent can you afford in NYC?

If that sounds tricky to calculate, an easy way to simplify the math is to knock a zero off your income and then divide by 4. So if you make $100,000, you can afford to rent a $2,500 per month NYC apartment. You can use the table below to calculate roughly how much rent you can afford in NYC. ...

How much 401(k) should a couple make a year?

Today, with two children, I'm thinking $350,000 a year might be more apt. In fact, based on the 2024 income tax rates, a couple can now earn up to $383,900 in taxable income and stay at the the 24% federal marginal income tax rate. With a $300,000 household income, this dual income household of three puts away $38,000 a year in their 401 (k)s. ...

How much should a NYC landlord pay a month?

Most NYC landlords use a 40x rent rule, which means your annual salary needs to be 40 times the monthly rent to qualify. For example, to rent an apartment for $1,500 per month, you should earn $60,000 per year. ...