Reply to Potential move to NYC with Kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is DCUM so people are going to say that you need $300k+ HHI to raise a family in NYC and that you need to send your kids to private. Neither are true. If you really want to live in NYC it’s completely possible to live in a 2BR rental & send your kids to the local public[/quote]

Do you live in there on under a 300k HHI?  Please share your expenses then. [/quote]

I'm not the PP but we (family of 4) live in Brooklyn and have a HHi of $260. We own a multifamily townhouse, rent out one unit and live in the other, and both kids go to public schools (both were in a local Gifted and Talented program in Elementary, and the one now is in Middle School in the same district).

We're able to save for retirement and college and go on a couple of vacations a year (typically one flying vacation per year) and a winter ski trip. The kids do free afterschool provided by their schools and inexpensive enrichment classes on the weekend. We do a ton of free or cheap activities on the weekend, also (visiting museums and other cultural institutions,  parks, go on hikes, bike ride, etc). We eat out or order in once a week, so we save in that area.[/quote]

Wow, so easy to live in NYC on $260k... as long as you can bankroll a $5m multi-family townhouse in Brooklyn...[/quote]

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