Reply to What net worth / HHI do you need to live comfortably in NY? Two adults, no kids.

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[quote=Anonymous][quote=Anonymous]By comfortable, I mean around 1500 square feet, at least partial view of the city or park.  Not necessarily luxurious lifestyle - some dinners out, some entertainment, but we’re not talking hamptons every summer or anything. [/quote]

For Lower Manhattan, with a real lease, for someone with no connect: maybe $168,000?

I think you can get a nice one bedroom for about $3,500 per month without a lot of hassle. Four times that for a year would be $168,000. Note that the apartment might be more like 900 square feet than 1,500. I don’t think normal people in Lowe Manhattan have 1,500-square-foot apartments. That’s like moving to Chevy Chase and expecting to have your own tennis courts.

I think you can get rent down to $2,500 with aggressive apartment hunting and flexibility about considerations such as a view. If you can be happy in an apartment that rents for $2,500 per month and devote 30 percent of gross income to rent, maybe you could get by with $100,000 per year.

I think people in the fancy parts of Brooklyn might pay just a little less but get more space.

If you’re willing to live in a frowzy but fairly safe place outside of Lower Manhattan, you could probably get annual expenses down to $70,000, and you might actually end up with, say, $1,200 square feet and a balcony, roof access or a small backyard.
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