read this and immediately thought of the Sex & the City girls, read this and immediately thought of the "Girls" girls. It assumes a fixed-rate mortgage. By the way, no matter what school they attend, your kids need expensive clothes, phone, etc. Does anyone know anyone who might have a hard copy of the NYtimes from Aug 2012? A Week In New York City On A $40,000 Salary. Look at all these wannabe richies hating on an expensive salad. Did not land a summer internship? Move to the suburbs, eat at Applebee's and move on with your life. Is it something attainable for a first-year, or do you need to be more established. So, roughly half the income of you and your spouse goes to taxes. Of course, no banker would dream of paying his nanny less than $500,000 a year, considering the difficulty of surviving on such a salary in NYC. If you make $55,000 a year living in the region of New York, USA, you will be taxed $12,187.That means that your net pay will be $42,813 per year, or $3,568 per month. For example, the salary for a marketing manager in NYC is 9% higher than the national average. Youâre not gonna get where you need to be in order to live comfortably in NYC for a long time on any Big 4 salary if youâre just now a senior. In 2019, I expect to earn $500,000 from my online businesses. Scale your experience beyond the â¦ KKR Tech)? The low-stress way to find your next 500k job opportunity is on SimplyHired. I love NYC, but the tax structure is a total joke. I'm thinking specifically of the Upper East Side of Manhattan. You are living in NYC because 3 years later that number will be much higher. And 5k on gas?! I love NYC. You can give me any starting salary and i can create a budget to show that i'm barely getting by. But now you have only $100K left for everything else because of all those taxes. or they'll get bullied by the other kids. Idts Man Im just asking what's the highest paying specialty in NYC that isn't surgical and pretty much none of yall wanted to answer that â¦ 80k on 1.5mm home?! It's all about what you're willing to sacrifice and NYC will force that out of anyone save a very select few. It's quite possible, even common, for all practical purposes to be poor in NYC even though belonging to "the 1%."*. Yearly Salary (USD) Min salary. 75k in NY is shit. That's your choice so being salty about it is pathetic. Most people are living in NJ or LI, with far cheaper housing options, better schools and the ability to still commute into NYC. All-in, you can expect anywhere from $200,000-$500,000 with some outliers on both sides and depending on whether you are a 1st-year associate or a more seasoned veteran of the jungle. At what point can one break 500k and 1MM in a Corporate role? My major problems with this are in 3 line items. Percentiles. Clowns. The snarky answers you received before I wrote this reflect ignorance of the realities of living in NYC. This isn't about â¦ Schooling will get expensive but that'll take the price of childcare. Also, the point of the original analysis is not that they ARE poor, but that they FEEL poor with all their expenses and then laying out how easy it is to throw away $500k. A decent meal for two costs about $100. Read full article. However, the specific couple focused on in the link is maxing their 401ks, saving and donating to preferred charities, which not counting the portion of mortgage and student loans going to principal, yields them saving (I count donations towards that) 12% pre-tax and 20% post tax. I was thinking $400k for a family of 4 cuz after tax, retirement savings, child care, and household expenses there would be about $100k for everything else to â¦ For base salary, you can expect between $125,000-$150,000. A player. Salary needed for 500,000 dollar mortgage. 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