80k salary nyc reddit

These are good points. In TX a fair amount of hospital systems factor previous CNA experience in the pay. For the most part its just a rule of thumb. If you are just moving to India for taxes then you will pay around 36-40% direct taxes and 18-22% indirect taxes and 50% on luxury items. 100k to start. I think you could be fine at 80k but could still be paycheck to paycheck at 120 all depending at your lifestyle. with a salary of 80k and sign on of 10k and the other is 100k in Manhattan after tax is around $5,517 USD after taxes and pre-401k, saving, debt repayment, and so on. Many rental properties will require that your annual salary is at least 40 times the monthly rent, meaning you’d be looking at apartments in the <$2000 range. Salary data suggests that's not right. Throwaway account here. Side work alone could generate as much as regular company work - all depends on the mechanic. 15K in CC, 95K in student loans. That means that your net pay will be $59,038 per year, or $4,920 per month. Don't doubt that there's some, obviously, but the AVERAGE SWE in NYC makes $128k. Tax: $1310. My paychecks are $2260 biweekly with a 6% contribution to 401k. But your taxable income would also go down. At 7% real, you could live on $200k and save ~$80k a year in five years. How does 65K in Austin compare to 80K in NYC? in comparison to New York's. Reply reply Top 2% Rank by size I would say 40k+ is a good salary for a single person anywhere. You'll absolutely be able to live on $80k and you'll be able to send your $1000/mo back home with proper budgeting. Your choice between Brooklyn and Queens should depend on whether you work in downtown Manhattan or midtown Manhattan. I would say a comparable salary in Chicago for $85k in New York would be around $60-$65k. Rounding down, I’m left with 1,100. I reckon people make about $150k in NY. Helllllllllloooooooooo Nurse! Higher wages at night vs day but you most likely will start in night shift anyway for newbies . BLS says that for the new jersey-new york region, average salary is around 90k as well. A potential job I've moved forward with is offering me $75-80K or so in base salary a year for a position in NYC. My salary is ~$80K per year BUT must be taken with a grain of salt as I also live and work in NYC. Gf has a similar setup at $75k a year and she makes $2100 biweekly. 7%. 2k. View community ranking In the Top 1% of largest communities on Reddit. 95 % flat rate. The average salary is NYC is $50,259. Your commission accelerates as you exceed your quota. If it’s just you: $80,000 * (1 - 35%) = $52,000 or $4,333 per month. Set to begin new position in Chicago -$120 K base/$240 OTE. My rent is 300€, I spend around 180€-220€ in food a month, then I pay 20€ for electrecity, 5€ for water, 30€ internet + tv service that gives around 575€ a month in 80k is a perfectly fine salary. This sub will be private for at least a week from June 12th. ADMIN MOD. They moved the job to another state and I didn't want to relocate. NYC and SF are one of the most expensive cities in the US and this kind of salary is borderline poverty there. $185K base with 12% target bonus + equity. You will receive a bonus % of your base from performance and other factors. 75k base $1800 rent for 2/2 1000 sq ft. I personally price in a premium for NY commute hassle as well. Realistically, you'll need to make at least $250-$300k per year with kids in NYC to still be able to afford child care, retirement savings, education savings, etc. Investment banking anaysts for 1st, their bonus % is around 50-60% or sometimes matched to base. •. If you make 80k a year you can "afford" a 2k/month apartment. 3 weeks PTO and the usual holidays (plus the day after Thanksgiving) and a couple of free floating days that you can use for whatever. The US is paying working class salaries to people and then TELLING them they're middle class because they have decent technology in their pockets and no holes in their shoes. In the next couple days they’re going to come to me with a new USD salary that they’re adjusting for cost of living (using some kind of benchmark, apparently) Rents in Boston are over $2k for the average 1br. 85k. If the average studio apartment is about 1500 - 2000/month, you should be making at least 54,000 give or take 2 or 3,000 but aiming up to 70. California. reReddit: Top posts of April 6, 2018. 69 a pound!), you will probably need around $60,000 or $75,000 if you want more flexibility. it/144f6xm/ But if you want to live in a "cool" neighborhood or at least one with a short commute, go out to bars, eat out, have a healthy social life and shop at places other than the Sunnyside goodwill outlet for your clothes ($1. Ignore the average or median comments, there is a big split in incomes so average tells a false picture. Hope this helps. 2. 5k bonus. 120k salary + 10k relo + 20k sign-on + 43k stock. The more closely the individual’s work was tied to CA/CM vs. Curious as to what % of their salary the average NY’er spends on rent. It’s going to depend on the lifestyle that you want to live. Debt Feels Insurmountable. In 5 years in the field I'm now just under $150k. Go to Austin with 80k and it’s the same situation unfortunately prices everywhere have gone up and that 80k won’t carry over really big in these areas as one would hope. Based on monthly housing costs being no more than 28% of gross income, 80-90K annual salary for single household and $400-500K for household of 5. You’ll pay anywhere from $1200 to $1400 a month to share a decent two bedroom with a roommate (uptown Manhattan or in the boroughs like Queens or Brooklyn) or around $2200 to have a studio space on your own. Some people out there like to constantly grind and min/max their salary, and are chasing those 400k TC positions. Income from 80k salary after taxes and other contributions per month: $4160. This $1,000 16th Floor one bedroom is in a 4 story walkup. Graduated December 2021: Salary 42. Bonus % will vary a lot but I would assume under IB, your bonus % should fall between 20-50%. So that means your max should be $2100-$2500 a month, which is definitely doable. Salary was $85k-$110k by time I left. 50k single - even better. Here are my rough expenses: Gross monthly income: $6700. Reddit . I made 52,000 last year and got paid 1,050 every week so probably around 2k every two weeks. SWmods. The loudest people with the most power tend to heard the most. 25. For a true 1br with no roommates, I would say that puts you either way uptown or outside Manhattan. 5K with 2. So expect 50-80k. View community ranking In the Top 5% of largest communities on Reddit [advice] [Brooklyn] Is living alone with $80k salary doable with $80k salary doable I’m planning to move to NYC soon. com, which you can find here . I'm sort of hesitant because I'm not sure if a big city is a fit for me. 80k puts the top of your budget at $2000/mo (going by the typical 40x requirement), but ideally you would find something a bit cheaper. 180K plus. I live in PDX. Rule of thumb is that you should not pay more than 30% of your gross income on rent. I work in financial services earning £80k + 50-100% bonus. Moving to NYC and I make $190k remote. I'd ask for higher, live outside the center, or room with people to start. With all the usual payroll deductions here $80k tends to net you just under $60k in the bank. I make about 80K and pay 2K for a studio, that’s just at the 40x minimum but I…. The salary was 85k. Cost of living makes me salary seem like peanuts. 2M subscribers in the RealEstate community. Not in the hottest neighborhoods, and you may want to consider a studio, but it's doable. I have a pretty chill job and work like 5 hours a day. I would not raise a family in the city imo. 58 in Loans. I got a master's in HR before I ever worked in HR, so my first job out of the program was $82k. You’re going to get grossly higher than average answers here because nobody is going to comment they’re making $40k to 50k a year. The dollar goes further in the Midwest than doesn't New York. This assumes you take bus or train in, park and subway or PATH. Based on this, I'd say 80k+ salary is quite achievable if you are applying to a lot of places, research the interview loop for any place interested in you, and have a prior internship. State: NYC, NY Education: MSW, LCSW Roles: School Social Worker and Private Practice Annual Salary: ~$150,000 (I could make more, but I only work the academic calendar, meaning summers off, 2 weeks winter break, a week off in Feb, a week off for Spring Break). lewis755jay. Currently making $65k on a 4 day work week. It's best suited for single people, and there's a reason a lot of these guys have substance abuse problems. It depends on the area and whether or not you have a family to support. google maps. Yes. Ended up taking a position for $44 an hour. If you’re lucky enough to have OT offered to you then you obviously can increase your salary. This $1,000 studio is on Central Park South where studios go for $3,000 a month minimum. I just want a bit of perspective here I suppose. Income $200k+. I also get basically however much overtime I want which pays between $80-95/hr depending on the If you're making $80k at 22 and spending $70k in retirement, and you want a combination of Traditional and Roth at the end, if your salary in your 40s is much higher, say $200k, those would be the better years to stock up on the Traditional portion of your savings, since doing so would reduce the dollars taxed at a higher rate than you are Structural. 25 for new EMT’s, Liberty Ambulance I believe it’s $17. No one I know makes that much as a staff OT. $70k is a slightly comfier salary in NYC that will allow you to spend a little more on rent. So I definitely wouldn't bet on an $80k salary (and the 75th suggests the "national firms" aren't market-paying biglaw). The 90 was an outlier, most of us topped out around 75. I had a 400 sq ft studio in Sunnyside Queens for $1625. I have an 85K salary and I do just fine here. I have no kids (that I’m aware of), and a lot of my time is taken up at the moment because it’s tax season, and even after that I will continue to spend time studying to get my CPA. So if you max out, you will be down to about $40k for living expenses for the year (or $3,333 per month). I make $80k a year in Texas. Focus on yourself. 90k - 110k is def not average. If you are good with money and understand your budget then you can decide for yourself how much rent you can afford. 2022: Salary 45K with 7K bonus 2023: Salary of 50. $36k/y. Pre- wife was $130k, studio in high rise in Lakeview, Boat, car. Per diem ranges from $30 - $65 / day, depending on the project, area, and employer. Lots of tech and finance responses here so as a counterpoint, I have a bachelor's in communications and went into marketing. 401k and HSA: $1450. An $80,000 yearly salary for a single Gotta remember that 80k in one place doesn't mean as much as in another place. The middle class has been consistently shrinking for decades now. News about Nashville, TN, USA. "Based" In Seattle but can do remote. 2008 switched jobs to a position that paid $70k. Possibility of getting a 1b apartment near Astoria/flushing with 80k salary Hi guys I am a soon to be a college graduate and well I love nyc. It took me two years as a third party recruiter to hit 80k, my 3-8 years in third party net me anywhere from 90-130k. 14. Sure, you can be relatively comfortable as long as you don't over do it. $1. fed,SSI/Med, Health Insurance,pension, dependents,etc. According to the most recent United States Census Bureau report, the national median household income is $70,784 per year. We both together is 1450€/month. • 5 yr. 33. You can start paying off debts, take a vacation this year, and look at houses in the 120,000 range. And that's at the low end. • 4 yr. Like anywhere, you can be poor on 200k or rich on 60k and you’ll see in the comments. A few reps are making well over a million a year. 1. I know 2023 audit/tax salary in SF/NYC were $80K or very close depending on firm. 2% and your marginal tax rate is 35. It depends on how much debt you’ve taken on to go to law school. so deduct that after all the other deductions . May not be enough to buy a house right away, but you can put something in savings and live comfortably. Generally pay for folks at this level is between $15 and 18 / hr on average. Some people out there like to spend their time on other things, and are perfectly content with making $50k. I think it's technically still doable on an $80k income but you won't be saving much at the end of the month. The trick is to not have any other large debt. Visited the city for the first time when I was 11 years old and have loved it and visited multiple times a year since then. Comparing this to my $400 rent to my parents, this feels a huge increase. If you look at BLS stats, you'll also find a significant variance - the median will be something like $140k, the top 25% will be 190, the bottom 25% will be 85, the bottom 10% will be 60, and the top 10% will be a footnote stating Don't forget to calculate taxes. I'm just looking at statistics. 00. 42. Although, this was last year. My rent is $1200/month coupled with my In the 80k salary range it’s about even to 70k in NJ. Please note that number will probably be less after deductions for health insurance, flexible spending account, commuter benefits, etc. 80k is on the low end of salaries necessary to live a somewhat decent lifestyle in the city. But a $2000 one bedroom won’t have amenities like a dishwasher or air conditioning, and at this point they’re difficult to find that cheap (but you’d have better luck with $2200+). Falck from what Ive been told is 16. Illinois income tax is 4. 2k/mo rent (same building looks like units are going for $1. That's barely covering rent and necessities. Slowly climbed to $50k over the years. This $1,000 "studio" is a closet. Your average tax rate is 26. An $80,000 yearly salary for a single For sure. First year I did a fellowship which paid 80k. Insurance (health, vision, dental): $90. 10 years later I was well over $100k at a manager level, not even senior or lead. If you are single, no other deductions, your taxes are going to be higher. The better high-level network guys at my customers make anywhere from $120k at smaller firms to 250k at bigger firms. There are dual income households doing just fine here on less than 80k gross a year. You can check it out using this website . Ive always used pretax. Fully remote, working in-house for Bay Area tech company but live in rural area on the East Coast. Reply. Federal Tax: $19,307. Some firms pay mileage and drive time, some (fewer now) do not. Probably looking more like $300-350K this year. Obviously based on debt to income ratio and your hobbies for how comfortable you live. After completing fellowship was formally hired into system at 118k base with 12k yearly bonus and in 2021 I'll be getting a one-time 10k retention bonus in addition to that. For a family of 5 to live comfortably I would say 150k and live out in the suburbs. Now the 80k they said, it is only your base. 8%. It's difficult to have family, friends, and a love life though when you're gone for work weeks or months at a time. $50k I'd expect close to $1500-$1600 biweekly. NY State Tax: $5,601. If you make $80,000 a year living in the region of New York, USA, you will be taxed $20,962. Approximately how much is $80k after tax in Illinois? . I was on £52k in 2014, £80k in 2017, £95k in 2019, £120k in 2022, and £160k today. Cost of living variance makes the question pointless. I make 20k and live pretty well. That's about $3,750 per month or $45k per year. Full dental, medical, and vision and pay about $500/mo for a fam of 3. 80k in Dallas VS 100k in NYC. So I feel like living in NYC will be great. HR probably needs to double their estimates in NYC for that type of engineer, especially if networking is included. NY City Tax: $3,461. Of course you can get a roommate and cut down rent to probably 1100 minimum, in which case you can get by with 40000. Caveats: have to deal with the stress of always having a number (quota) over your head to sell which resets every quarter. Hospitals in the city generally pay more but rent will be much higher than that in the other boroughs. Most places had a set pay for new grads, but my nurse Extern experience and CNA experience was factored into my base pay. Been at this company for 3 years. Very excited for the move. Salary depends on the hospital network. HELP! : r/personalfinance. And every flavor in-between. Which is equivalent to $70k in the Midwest. Chandler Arizona avg rent for a 1 bed is near 1,700. I'm 25 and have a rescue dog who's a bit needy (needing a daycare is vital). The higher salaries were generally at the busier 50-150 person firms, but a few of us did alright with smaller boutique offices. Now a days it’s not that difficult. real estate investing landlords landlord borrowing lending mortgages foreclosure loan houses house… Apr 18, 2024 · For many people, $80,000 is a good annual salary that allows them to afford their living costs, such as groceries and utilities, and their discretionary expenses, such as entertainment. Obviously I’m going to push for making closer to the 80K mark. Arch from a major university. Spent 3 years making less than $20k. 123456789 dollars and a free Google. Depending on where you decide to live rent can be 1500-3700 a month for one person. There’s a 1BR apartment for $1700 which I really like but will probably go around $2000 with utilities included. Professional_Time648. StephanXX. Given raise to 65K this week. This $900 1 bedroom is listed for $2,500 on streeteasy. The other is that I am not convinced of the utility of buying in the NYC market until you are (1) 100% sure you will be in NYC in the long run and (2) ~90% sure about the neighborhood you like the best. . As others have said too, taxes in NYC are a lot higher. $60-80k is like $2500 per month after taxes. $80k is above the median individual income for Seattle. Granted if you're looking to break 180 - 200k it usually ends up being a principal engie or architect role. If a place has a median home value of $800,000 per year, then $200,000 is pretty good. Midwest living, rent is $700 a month for a 2 bedroom house Your best bet is to find a roommate to split the rent, $80k isn't great for Toronto. It is a place to ask for advice, share your frustrations, receive support, and anything else related to the social work sector. Private sector salary median is $75k, and 75th is $150k. Nothing extravagant, but hey. 64% of Reddit users are between 18-29 years old and 48% come from the United States. Hello all! As the title says I am moving to NYC next week and I make $190k remote work. Started this job at $80k in kind of a trial period and have gone from $80-110-125-150-175-215. I know due to colleagues telling me COL hurts the wallet either way. A new megathread on this topic will be reposted Public is 60k. If a place has a median home value of $400,000 per year, then $100,000 per year is pretty good. Have been at the current family office for about 7 years now. 204K subscribers in the nashville community. I’m a new grad as well, and I got offers ranging from $33-$48. I currently live in Queens and spend $900 on rent, making >$80K salary. But it depends on the company. 90-110k to live comfortably wherever you choose in the City. 2023 consulting offers are between $85-95K salary. Booming tech hub Medicare: $1,450. Edited for repetition If you're getting paid by what this book, and swear by it, you're the reason why architecture, as a degree, is a joke. This may not work at the lowest end of the extreme. I don't know how to word this without sounding like "well akschully" or implying I had it worse, but I was living on 30k in grad school in a decent sized studio in Capitol Hill until 2021 and it was fine. 28 Years Old, First Job at 80k Salary Living in NYC, 117,416. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. But if you do contract work, are 1099, and choose to not get benefits, you can make $60+/hr at a SNF. Those are two different lifestyles. Reply reply. I have job offerings in Brooklyn in the Gowanus/Boerum Hill area with salaries ranging from 60-80K yearly. Higher end at larger orgs and banks. With my job a good rate here is 45 to 55k a year but in California the average pay is more around 90k. Rent ideally should be no more than 1/3 of your income. 3k now agree with other commenters here - depends on what you define as being a good/decent salary but here’s my salary history for context: when I was in my mid-20’s I was making around 65k - 80k a year, living alone in los feliz, going to shows all the time, eating out a lot, and going hard on the online dating thing. Barred 2014. Moving to questions are asked multiple times most days, even some at your salary level like NYC on 70 to 80k Salary from just 5 days ago, and there is a lot of information already accumulated in the answers. There are however plenty of large and mid sized cities where $80K can offer a decent life. Quit in 2020 and started my own thing. My commute to work is 30mins door to door. But your salary isn’t frozen at that amount, and you could expect it to grow depending on what route you choose. Hot Chicken, Disc Golf, Music, Traffic Posted by u/jwil2jmil19 - No votes and 12 comments After 10 years or so, this is no longer the case, but the median salary is lower than big law starting salaries. 150k is really 75k annually once you take out federal/state/local taxes + 401k/insurance, which is really not much more than 6k take home pay net per month. etc. This will leave you with $63,980. NEW! Salary Megathread (Sept - Dec 2023) This megathread is in response to the multitude of posts that we have on this topic. 5% 401k. $44k in Nashville. $60-80k/year with $100k in debt is tough, especially if you want to pay it off in a reasonable amount of time. Furthermore, 63% have a Bachelor’s degree. But you mention finance. Never sleep on an air mattress for any extended period. NoEggplant6322. It's no fun living here, with a decent job, but you can't do anything because you need to come up with that rent nut every month. $110k NYC to 80k Rochester is close to even. This marginal tax rate means that your immediate additional income will be taxed at this rate. That 80k for London won’t rise much, but while the 130k is lower by NYC standards, has the potential to climb much, much higher. Exceptional talent can expect offers with ~15% - 25% higher salaries than that. In USA usually indirect (sales) taxes is less than 10-11%. For example, so many people who live in NYC making more than 200k or 300k. Had a competing offer for 63K. Pretty much all oilfield work is $100K plus, you are correct. In India you can’t file taxes as married, both of you have to file as individual. Today, total package of $170k ($135k base + $35k commissions). Members Online. concept design, generally the higher the salary. 60-80k is starting pay for a zero-experience recent College Grad, for a help desk role at most of the tech shops here. after taxes you might be taking home a bit under 60k. My salary is $54k - I live in California and can’t afford rent so I live with my inlaws. Plenty of OT. com. ago. You will live like a king comparatively. A place like Gary Indiana might only have a median home price of $90k and thus $22k is 25% that much. I am not used to such high tax rates like in NYC. The rule of thumb for rentals is the max you will be able to get is income = 40x rent. My best advice to you is to search this subreddit. The average rent price in Manhattan, NY as of August 2022 is $4,241, according to apartments. ninjayeh. I've worked as an SE at various manufacturers and integrators for the last 18 years, mostly in the NYC area. Best method is 11 hr shifts with companies that pay daily OT, sometimes you’re kept past 11 hrs shifts and you make 2x for how ever long you’re kept. When friends come to visit Chicago for the weekend they're always talking about how cheap the bill is. $80K is enough to provide for a family of four in Houston with reasonable comfort. Made $700K last year thanks to equity appreciation, but will be way lower this year after tech market crashed. A larger tech company. First salaried position in 2004. For more info go to /r/Save3rdPartyApps/ &#x200B; https://redd. For one person you'll live like a king. More on federal projects (prevailing wage will push it up to $19 - 22 / hr). Started at around $60-65k (in LA, mind you, but over a decade ago) so it only took a few years to get to $70k+. tambrico. If OP is fine renting forever I guess that's fine but a lot of people start thinking about home ownership around that age. With bonuses you can easily crush 110k. Now we are cooking with gas! Got laid off 6 months later because economy collapsed. HELP! Like many of you, I made poor decisions back in the day resulting in my current predicament. You can get a one-bedroom apartment in an area of Queens like Sunnyside (perfectly safe, close to the city via the 7 train, pretty boring) for $2,000 a month. 5% of my net. NYC is expensive. This is enough for 2 people to live on in NYC. 3 years experience and a B. I’m in industry for Oil and Gas. Salary vs Assets is also an argument to be My salary is 800€/month and my girlfriend salary is 650€/month she is on the minium wage while as u can see I get a little more. No bonus yet as it’s paid out in 2024. 6% of my gross and 22. But, more importantly, I don't want to live with roommates. For example, Sr Software Engie salary tends to range from 90 - 130+ in the TC area. Apr 18, 2024 · For many people, $80,000 is a good annual salary that allows them to afford their living costs, such as groceries and utilities, and their discretionary expenses, such as entertainment. My employer would like me to move to New York later this year doing the exact same role just in a different timezone/region. Don’t forget a good burger deluxe in midtown is $15+ easy. Yes I’m aware how depressing that sounds. 4. There's a City tax in New York which is a good amount. The general rule in NYC is that your yearly income has to be 40x the monthly rent, so an $80k salary would get you a $2000 apartment. 200k / yr. $275k as a couple, 3 bedroom 1700sqft apt in lincoln park, boat, SUV married with baby. There are thousands and thousands of people who live off far less than $300K. All of those demographics combined most likely leads to the higher than median salaries being reported. This really depends on the industry. It also depends on what you consider livable. Yes, it's obviously livable: Your income in NYC after taxes (federal, state, and local) is roughly $83,000 a year. And then it's just about budgeting and figuring out what you value and where you want to spend your money. Otherwise, if you sell in 4-5 years, broker and condo fees will The salary you tell everyone. If apt is cheaper then either lucky or nasty area. rz lv ko fc iy jm nb xk xu zp