What is a good salary in New York?
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What is a good salary in New York?
Average Salary in New York City, NY
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $98,717 | $8,226 |
| 75th Percentile | $81,168 | $6,764 |
| Average | $65,904 | $5,492 |
| 25th Percentile | $54,294 | $4,524 |
How much rent can I afford based on salary?
Most experts recommend that you shouldn’t spend more than 30 percent of your gross monthly income on rent. Your total living expenses (rent, utilities, groceries and other essentials) should be less than 50 percent of your net monthly household income.
How much money should I be making at 35?
The median annual salary for the younger age group is $46,852 and $58,812 for the older demographic, according to the U.S. Bureau of Labor Statistics. If you earn just below $53,000, then by age 35, you should have saved $105,000. If you’re nowhere close to that number, don’t panic.
How much does the average 34 year old have saved?
The Motley Fool: In 2019, the average retirement account savings for American households was $65,000 with the average American under 35 having $13,000 saved for retirement.
Is $140k a year enough to live comfortably in NYC?
A salary of $140K is fine to have some disposable income and live comfortably. It’s an expensive city but there are to In NYC, $2K a month will likely get you a studio in Manhattan in a non-doorman building which is likely not in a prime area.
How do I qualify for 3500 in rent in NYC?
The short answer is that you will qualify for $3500 in rent. You must prove an income of 40x rent – or $140000/40 = $3500. You can get a lot for that, in any borough.
How much does it cost to rent a studio apartment in NYC?
In NYC, $2K a month will likely get you a studio in Manhattan in a non-doorman building which is likely not in a prime area. If you bump up your budget to $2,500 or are willing to live just outside the city, you’ll probably have a lot more to choose from.
How much should the average 36-year-old have in their 401k?
Given the median age in America is about 36 years old, the average 36-year-old should have a 401k balance of around $120,000. Unfortunately, $120,000 is still pretty low.