The breakdown above includes all the necessities a humble person could need in a month. To save money on insurance, we recommend the best provider for expats Cigna Global. Transport: $116 – $130 for a monthly metro pass.Food: $600 for groceries and restaurants.Rent: $950 for a shared room with one roommate or $3,000 for a one-bed apartment.In Brooklyn, the approximate monthly for a single is as follows: Living in New York City with a salary of $75,000 is suitable for most people. If only one person works, a good salary is a minimum of $90,000 annually. This salary is enough to rent a two-bedroom condo and cover all other expenses.Ī family with children should earn more than $70,000 gross per person. About $100,000 gross is suitable for rent, food, and living expenses, depending on the number of kids you have.Ī good salary for a couple in New York City is from $60,000 to $80,000 for each partner. Singles with children would require more salary. Areas like the Bronx, Staten Island, and Queens would be good places to live with $60,000 annual net pay. Single people can reduce their salary needs by looking for living areas where housing and monthly bills are low. Furthermore, different boroughs demand different wages to live a decent life. For that reason, you’ll need a good salary for a better living. Keeping in mind that New York is among the most expensive states in the US, the more comfortable you want to get, the more you spend. Besides, over 8 million people are living in New York City. It lies in the southern region of New York state, one of the most populous states in the US.
NYC is a desirable place to live for many people. Income like this will give you between $71,596 and $99,434 after tax, which comes to $5,966 and $8,286 net per month. It would be better to earn $90,000 to $150,000 annually to achieve a better standard of living in this expensive city. This amount is just enough for a single person to cover all basic expenses and splurge a little. What is considered a good salary in NYC in 2022-2023?Ī single person who wants to live alone in New York needs an average of $75,000 annually.Ī $75,000 gross will give you $61,272 net, which is $5,106 per month. In this article, we look at the income levels you should have in New York and other interesting data. Since rent in NYC is incredibly expensive and will take almost, if not more than, half of your earnings, you must have a good salary to live in this city. Living here exposes you to different lifestyles, which demand different salaries to survive. New York is a financial, technological, and cultural center of the US. In a month, you should average at least $5,000 net to maintain a good standard of living and cover all main expenses. To afford a comfortable lifestyle in the city, you must earn enough money.Īn annual income from $75,000 is considered a good salary in New York City. So you landed a job offer in New York City and considering a relocation to this incredible city? The first question you might have is, what salary do you need to live in New York City? It’s no secret that NYC is the most expensive city in the US.
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