Would you move to NYC for a new job at 46 with 3 kids?

[Anonymous]

While we make 500k, all 3 kids are in private school in dc, totally $90k. We would live outside nyc and I would commute to city

[Anonymous]

With private for 3 you will need a mill

[Anonymous]

Anonymous wrote:No, you will be poor AF

+1

[Anonymous]

Anonymous wrote:I took a job in NY but work remotely. They didn’t need to pay me the 2x locality bump and I can get there in time hours whenever needed. I seriously don’t know how NY firms are going to staff senior talent locally. I make a salary that is rich in DC but can’t cover basic shelter and food in NY.

Same, my company is based in Manhattan and I fly up every month or so for the day. I live in Arlington so national airport is easy.

[Anonymous]

What salary range is the job advertised for? Post that number and we can tell you if it will work

[Anonymous]

Anonymous wrote:While we make 500k, all 3 kids are in private school in dc, totally $90k. We would live outside nyc and I would commute to city

You will likely have a much longer commute in nyc and 3 in private in nyc area will cost more

[Anonymous]

I wouldn't go for less than double your current salary.

[Anonymous]

Anonymous wrote:3 kids, 9th grade (could repeat grade if were to switch schools as very young for grade), 6th and 4th grade.

I may be offered a job in nyc. I make $350k in dc right now.

How much more would justify a move with a family from dc? Dh can work remotely $150k salary

I would need to make double and even then I wouldn't live in NYC, but a suburb. Do your kids want to move? Do they have close friendships? If they have good friends and you have a network in DC I would stay unless you may be laid off or something. Look for something new in DC. Also, what is commuting time? If it will be more if you move do you want to be away from your kids (if you take NJ transit, it can be a mess, take early trains).

I know a few families who lived in NYC with a higher HHI and they all moved/ say they are happier in the suburbs. One with 7 figure salary moved to Old Greenwich and loves it, another moved to Chatham, NJ and two who moved to Princeton, NJ. They lived in the city, loved it (some Brooklyn), but were tired of the crime, figuring out schools, and living in small apartments. Two families had kids in school and it worked out fine, the other has a toddler.

I would go look at some of these areas if you can if you are thinking of moving to see if you like certain areas/ cost of taxes etc (NJ and CT have high taxes) impact take home pay.

[Anonymous]

I made this move at 38 for way less money. I was making 150k in DC, moved for 220k.
It’s been 3.5 years and my comp is shy of 300k.
If new job has more upside go for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you want to live in NYC? That seems like a bigger question than the kids' adaptability - they would be fine. It would take a million dollars to get me to move to NYC though, and even then....

+1 OP our HHI is similar to yours and our life is very comfortable here. I think it would take $1M+ HHI to have something comparable up there. I would only make the move if you actually want to live in NYC and have that experience.

That’s a ridiculous #. We make 500k combined in NYC, have a nice 3500 sf house in a top school district. We shop at Whole Foods, cater holiday meals, workout with trainers… what do people need 1mm for? Of course don’t turn it down if it’s offered.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you want to live in NYC? That seems like a bigger question than the kids' adaptability - they would be fine. It would take a million dollars to get me to move to NYC though, and even then....

+1 OP our HHI is similar to yours and our life is very comfortable here. I think it would take $1M+ HHI to have something comparable up there. I would only make the move if you actually want to live in NYC and have that experience.

That’s a ridiculous #. We make 500k combined in NYC, have a nice 3500 sf house in a top school district. We shop at Whole Foods, cater holiday meals, workout with trainers… what do people need 1mm for? Of course don’t turn it down if it’s offered.

You are not in nyc proper and you have kids in public. OP , if the post about private school for all 3 kids is OP, is living in DC proper with 3 in private.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you want to live in NYC? That seems like a bigger question than the kids' adaptability - they would be fine. It would take a million dollars to get me to move to NYC though, and even then....

+1 OP our HHI is similar to yours and our life is very comfortable here. I think it would take $1M+ HHI to have something comparable up there. I would only make the move if you actually want to live in NYC and have that experience.

That’s a ridiculous #. We make 500k combined in NYC, have a nice 3500 sf house in a top school district. We shop at Whole Foods, cater holiday meals, workout with trainers… what do people need 1mm for? Of course don’t turn it down if it’s offered.

You are not in nyc proper and you have kids in public. OP , if the post about private school for all 3 kids is OP, is living in DC proper with 3 in private.

OP said they will live outside and commute. 3 private school tuition is roughly 180k? Then slap another 300k on her current income. Still not 1mm…

[Anonymous]

Anonymous wrote:You really wouldn’t need $1 million for a comparable QOL but you might need it to justify uprooting your kids at fairly tricky ages to do so.

This. If the kids are doing well, I can't imagine contemplating this. It would have to be a truly life-changing amount of money, like "hey kids, we have to move, but you'll never have to work" life-changing. So much can go wrong for kids, especially as they get older.

[Anonymous]

They want private for 3 kids

[Anonymous]

Anonymous wrote:

Anonymous wrote:You really wouldn’t need $1 million for a comparable QOL but you might need it to justify uprooting your kids at fairly tricky ages to do so.

This. If the kids are doing well, I can't imagine contemplating this. It would have to be a truly life-changing amount of money, like "hey kids, we have to move, but you'll never have to work" life-changing. So much can go wrong for kids, especially as they get older.

This. Do not do it OP.