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Can I live in NYC on 80K?
Your average landlord will require that your annual income be 40 times the monthly rent. For instance, if you want to live in a $2,000/month studio apartment in Manhattan (which is on the low end of the range for apartments in Manhattan, but not uncommonly so), you’ll need $80,000 a year.
Is 80K good salary?
This $80k salary would be considered a upper-middle class salary. This salary is something that you can live on very comfortably.
Can you live comfortably on $50k a year in NYC?
The Brooklyn resident lives on $50,000 a year — her salary at PEI — a portion of which goes toward paying off her student loans. That debt isn’t stopping her from making the most of her 20s. “I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins.
How much money do you need to live comfortably in your city?
Some cities have median incomes way lower than what you need. There is no one answer to how much money you need to make to live comfortably, but one oft-used rule of thumb in budgeting is the 50/30/20 rule — which calls for half your income to go to necessities, 20\% to savings and investments and 30\% for splurges and fun.
How much income do you need to live comfortably in Kansas City?
The gap between the income needed to live comfortably and the $50,136 a year that a median earner makes in Kansas City is among the lowest in this study for both renters and homeowners. The typical homeowner is just $17,511 short what they need to live comfortably while the typical renter is $22,167 below that level.
How much income do you need to live comfortably in Las Vegas?
The typical homeowner is just $17,511 short what they need to live comfortably while the typical renter is $22,167 below that level. The income needed to live comfortably in Las Vegas is higher than many but still below the average level for the 50 cities included here.