Anonymous wrote:I wouldn't live in NYC for less than a million a year.
+1. And even with that kind of money, I wouldn't expect to be living the high life.
Don't forget to factor in the higher taxes - income, property, etc. So even with a higher salary you may be taking home less. I also don't think driving into NYC is nearly as easy as driving into DC (not to mention the tolls!), but if you live near public transportation it should be fine. Taking advantage of all NYC has to offer is easy when you don't have kids, but it's harder with kids AND you're not living in the city.
Personally it sounds to me that the only major selling point for you is to be close to family.
FWIW, I'm in a similar situation, where DH's whole family up in that area. DH doesn't like DC very much but recognizes that having my family closeby (who is able to assist with childcare) is something that we won't be able to get in the NYC area since his family is so spread out. Plus, we've seen what his family gets for the price they pay, and as much as we hate the price of real estate in Arlington, it's nowhere near as bad as it is up there....