Is 130k A Good Salary In Nyc

Is 130k A Good Salary In Nyc 19 Usrname52 7 yr ago This sounds like a humble brag You know you make way more than most people Maybe you came from a city where no one made 130k Maybe you came from somewhere that there was nowhere to spend 130k if you made it You make a very good salary Doesn t mean you have unlimited money to do whatever you want whenever you want

Having said that I ve lived with my gf for the last two years and pay roughly the same but don t have to live with strangers an I m approaching a promotion with a 120k salary on Jan 1 that will certainly make life more comfortable 120k Wife makes 250k Live in queens so rent is only 2100 for a 2 bedrm 2 bath 1 2 06 29 2013 01 52 PM ramizlol 3 posts read 33 577 times Reputation 13 Advertisements How would life be living in Manhattan on 130k salary Would it be luxurious hard or comfortable What kind of a studio apartment would i be able to afford Will I be able to have money to travel every 3 months Can i got out every weekend

Is 130k A Good Salary In Nyc

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Today an analyst working in investment banking who makes 150 000 per year and spends some of her money this week on blueberries Occupation Analyst Industry Investment Banking Age 23 Location The average salary in NYC is well above the national average The average household income in the U S is 91 547 according to the 2020 Census ACS Therefore the 107 000 NYC average salary comes in at approximately 14 higher than the national average Unfortunately the cost of living in New York City is higher than the national average

Example of a good salary in NYC Living in New York City with a salary of 75 000 is suitable for most people In Brooklyn the approximate monthly for a single is as follows Rent 950 for a shared room with one roommate or 3 000 for a one bed apartment Food 600 for groceries and restaurants Transport 116 130 for a monthly metro pass 11 djmuaddib 2 yr ago Probably doesn t need to be said but my household is also in the 130k range and we still chose to go significantly under the 3250 cap 2250 in fact Having that 1k of wiggle room is important to enjoying NYC and still being able to slam away savings

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New York s income tax rates range from 4 to 10 9 The top tax rate is one of the highest in the country though only taxpayers whose taxable income exceeds 25 000 000 pay that rate Taxpayers in New York City have to pay local income taxes in addition to state taxes Like the state s tax system NYC s local tax rates are progressive In 2022 the median wage of those leaving the city fell to 49 000 an 18 decrease from the previous year per the report Meanwhile newcomers to the city had a median wage of 51 000 in 2022

Fifty percent of American households earn less than 75 000 per year Just 37 of American households earn more than 100 000 Average U S income versus average U S salary 223 8 1 610 According to the given data the total employment rate in NY will be 2125 3 and the weekly average salary rate is 3967 Moreover the highest rate of employment will be in the Private industry which is 1901 5 with an average weekly salary of 4248

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Is 130k A Good Salary In Nyc - 11 djmuaddib 2 yr ago Probably doesn t need to be said but my household is also in the 130k range and we still chose to go significantly under the 3250 cap 2250 in fact Having that 1k of wiggle room is important to enjoying NYC and still being able to slam away savings