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I'm in NYC and I pay ~10% of after-tax income for rent. I visited a friend in SF recently and after hearing about his situation I concluded it would be very dif
by mightybyte 11y ago
I'm in NYC and I pay ~10% of after-tax income for rent. I visited a friend in SF recently and after hearing about his situation I concluded it would be very difficult for any company to get me to move to the Bay Area. It just doesn't make financial sense for me. NYC has plenty of tech opportunity, so that doesn't tip the scale either.
- jwoah12 11y agoCare to elaborate? You either live with several other people, make upwards of $500k/year and live very modestly, or both.
- mightybyte 11y agoI live with one other person. Combined rent is less than $2k / month for a good sized 2 bedroom apartment a block and a half from a big subway hub. We have a full size grand piano in the living room and it's still spacious. The kitchen is also a pretty good size (at least by Manhattan standards). I suppose some might call this modest. But I wouldn't consider it "very modest". I also have friends who live in the city fairly comfortably on as little as ~30k / year.
- stepanhruda 11y agoSounds like you either earn a ton of cash or live far from the city. I'm spending ~30% after tax.
- mightybyte 11y agoNeither. You probably can't live in Manhattan for that price, but you don't have to be too far out.
- prospective4334 11y agoI have to ask: which neighborhood do you live in, and how far do you commute? I'm moving to NYC in two days and I still don't know where to live (thankfully, my company will pay for a nice apartment for 30 days). I actually wrote off SF and the entire Bay Area during my job search, largely due to the cost of living. I know that in New York I'll at least be able to find a 1br for $1700 (in Western Queens or Wash Heights, whatever), which is 25-30% of take home.
- mightybyte 11y agoJackson Heights. It's ~20 minutes to midtown.