How much is a middle class salary in NYC?

In New York state, a two-person family would be considered middle class if the household’s income range is between $46,597 and $139,098. A three-person middle-class family’s income would range from $55,155 to $164,644, and a four-person family in the middle tier would have income between $67,252.59 to $200,754.

How much Social Security will I get if I make $120 000 a year?

The point is that if you earned $120,000 per year for the past 35 years, thanks to the annual maximum taxable wage limits, the maximum Social Security benefit you could get at full retirement age is $2,687.

What is middle class income in New York?

How much money do you need to live comfortably in NYC?

A family of two adults and two children in the New York City metro area would need to earn an average combined income of $124,129 per year — or $10,344 a month — to live comfortably. Here’s how the group breaks down that number: Housing: $1,789 per month.

Can you live comfortably on a salary of 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

How much does it cost to buy a house in NYC?

And your options for buying a home in the city for $428,000, the median home price in the greater metro area, will be a little slimmer. The median home value in the five boroughs of New York City is closer to $650,000, according to Zillow. And renting isn’t any easier.

How much does it cost to live in Manhattan?

… where the average rent is $3,475 for an apartment in Manhattan, according to Investopedia. In Manhattan, the average rent for a studio apartment is $2,550. If you opt for a one-bedroom apartment in Manhattan, that’ll cost you closer to $3,100 a month in rent.