NYCPHP Meetup

[Sean]

There's no place like NY :-)

On 8/3/06, Peter Sawczynec <ps at pswebcode.com> wrote:
>
>  I thought standard rule was that housing should not exceed 25% of gross,
> and consumer credit cards should not exceed 10% of gross.
> This ratio means you can meet your other basic bills.
> Anything over than means you will struggle.
> Most banks/accountants look the other way if your housing goes to 33% of
> gross.
> Ten or more years ago there was an article in New York Magazine indicating
> that many people spend 40 - 50% of gross on housing in New York City.
>
> There was a TIME Magazine cover story, again at least 6 years ago,
> espousing that $125K was the new ultra perfect salary to command to live
> great.
>
> I have lived in Manhattan's Upper West, Upper East, East Village, and
> Chelsea, Later in Park Slope. Then Long Island. Lastly, Riverdale in the
> Bronx.
> Essentially, I do know from whence I speak.
>
> Whatever your per annum objective, on a more micro scale: making $65 per
> hour is when you will finally feel free.
> $45 per hour is good. $35 tight. Any less, it is all a wash and a loss.
> And you gotta realize many other non-programmer professionals (dentists,
> lawyers, accountants) command $90 - $300 per hr.
>
> I have found:
> $55 - 65K: you will have little free money and taking a taxi will seem an
> extravagance.
> You may actually live in a walk up.
> Kids will have to go to Public School. (So I recommend Park Slope over
> Queens any time.)
> Yes, your wife should work, but then cost of day care / nanny will drain
> all that extra cash.
> You will need to use no cost play groups, etc.
> Parking per month often costs way over $100. Many people pay $300+.
> If you think you are going to drive around: Average parking lot in
> Manhattan starts at $16 - $20 for first hour.
> Meters are now 7 days, on many side streets and many cost $1.50 per hr.
> You will do a lot of Chinese pick up.
>
> $80 - 90K: you can feel alright. Rent a car for the weekend. Drive
> upstate, see Woodstock. Do the Vineyard. Once. Check out the Hamptons. Once.
> Go out to dinner at $80 1x per week. Eat sushi sometimes. Rent a lot, a
> lot of DVDs. Still predominantly order out Chinese. Or Thai as a treat.
>
> But you can definitely do it at any price. Lots do.
>
> But myself, 20 years ago I used to recommend to all young kids: go to
> college, come to New York.
> Now I say go to college. Then go get started in a second tier city like
> Dallas, Phoenix, Miami, Denver.
>
> After traveling I have found so much beauty and better value in other
> cities. And many people all over have
> great lifestyles with spacious homes.
>
> All my family, every good friend I ever had has long ago moved away from
> NY. None. Not a single. Has ever returned.
>
> Go figure.
>
> Peter
>
>
>
>  -----Original Message-----
> *From:* talk-bounces at lists.nyphp.org [mailto:talk-bounces at lists.nyphp.org]
> *On Behalf Of *Joseph Crawford
> *Sent:* Thursday, August 03, 2006 12:44 PM
> *To:* NYPHP Talk
> *Subject:* [nycphp-talk] [OT] - NYC Salaries
>
> Hello,
>
> Guys i know this is off-topic but i may be looking to move to queens and
> have a job in NYC.  The salary is 65-80k DOE
>
> i am wondering if this is enough to support a family on.  I checked into
> some apartments and they range from $1200 - $5000 / mo depending on what you
> get.
>
> I know at 65k i could afford a 3br at no more than 2000  mo however what i
> wish to know is would the remainder be enough to live on in NYC.
>
> that would leave about $1629, that is basing it on a monthly salary and
> witholding 33% for taxes.
>
> I am not sure what gas, registration, vehicle taxes etc. are.
>
> Could some here that live in NYC please give some advice.
>
> Thanks,
> --
> Joseph Crawford Jr.
> Zend Certified Engineer
> Codebowl Solutions, Inc.
> http://www.codebowl.com/
> 1-802-671-2021
> codebowl at gmail.com
>
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