Is 90k a good salary in nyc

Is 90k a good salary in nyc? If it is, then you should be raking in the big bucks right? Wrong! The following guide will inform you on how much people actually walk away with in NYC.

Yes, 90k is a good salary in the New York City metropolitan area.

According to the latest U.S. Census data, the median household income in the New York-New Jersey-Connecticut area was $76,742.90 as of 2017.

In order to determine if 90k is a good salary, it’s important to take into account other factors like cost of living and cost of housing in the area.

For example, if you’re single and live alone with no roommates, you’ll need roughly $3,000 per month for rent (assuming you want to live in a decent neighborhood). If you’re married with two kids and one spouse working full time while the other stays at home with them, then you’ll need closer to $5,000 per month for your monthly rent and expenses like food and utilities.

Is 90k a good salary in nyc

Introduction

No-one can really tell you what’s a good salary for you. But we can tell you how $90,000 compares to others and break it down into your annual take home pay. We’ll assume if you’re asking this question that:

  • You don’t have any debt
  • You don’t intend to buy a house
  • You’ve got normal health insurance premiums
  • You’re renting, not buying a home

A good salary in Nyc is anywhere from $70k, depending on your expenses and what you are expecting to make.

There is no number that is a good salary in NY. New York is an expensive city, and the expenses are different for everyone. To give you an idea of what $90k could look like:

  • If you live alone, or with someone else who doesn’t share your rent, $90k might be enough for you to pay for rent, utilities, food and other essentials like healthcare or transportation. It’s also possible to save at this income level if you are careful about how much money goes into savings vs discretionary spending (such as going out).
  • If you have a family with two kids under 14 years old living at home with you (or more), then your household expenses will likely be higher than those described above because of added costs associated with having a family such as childcare/education. This can make it difficult to save anything at all unless both parents work full-time jobs outside of the house and are able to commute long distances into Manhattan every day on public transport while still being home when the kids get home from school or childcare duties before leaving again later in the evening…

Overall, $90k is a very solid salary for NYC if you live in a rent stabilized apartment.

Overall, $90k is a very solid salary for NYC if you live in a rent stabilized apartment.

In New York City, rent stabilization laws apply to tenants whose buildings were built before 1974 and who moved into their apartments before July 1st, 1979. Rent controlled apartments are governed by similar rules, with the addition of buildings built after 1974 that have 4 or more units. This means that any new construction will generally not fall under these laws (with some exceptions).

The main benefit of living in a rent-stabilized apartment? Your landlord cannot raise the rent by more than 2% per year unless they provide additional services or amenities to your unit (which rarely happens). Additionally, if your landlord decides to sell the building (another perk), they must first offer it back at market value or above while still maintaining affordable rates for current tenants!

Conclusion

We hope this article helped you decide if 90K is a good salary in NYC. If you have any questions, please feel free to reach out via our contact us form. We’ll be happy to answer anything about making ends meet in this crazy city!

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