3 ms·
Yes but you also have taxes, car payments, gas, and food. It also wouldn't be uncommon for rent to be more that $1600 a month. Edit: To give an idea. According
by harimau777 2y ago
Yes but you also have taxes, car payments, gas, and food. It also wouldn't be uncommon for rent to be more that $1600 a month.
Edit: To give an idea. According to Google, in New York at $40k a year you will pay $12,000 in taxes. So after taxes and $1600 a month in rent you would only have about $733 a month for transportation, food, entertainment, clothes, savings, etc.
- kjkjadksj 2y agoChances are if that is your spread you have roommates. No one on 40k is renting that 5k manhattan apartment. They are probably out in queens or somesuch. Craigslist says average rent for a 1br in queens is around $2k a month. So if these earners have a roommate or a significant other, they are paying like $1k a month on rent even with the base rent higher than $1600/mo.
- kaycey2022 2y agoCan't you hide your income if you are getting paid hourly at a minimum wage shop? It would be better to receive cash only, under these circumstances.
- janalsncm 2y agoIt’s probably not a great sign if the path to financial stability involves illegal activity.