Is paying $2600 per month for rent livable as an Analyst in NYC?
I've found a 1 BDR that can be flexed into a 2 Bedroom in a very nice building on the UES. The room is extremely spacious so size will not be an issue, close to the subway, and is an elevator/doorman building. However, total price is $5200 per month so it will be $2600 each. Is $2600 livable as an analyst making a $110,000 base ($140,000 with bonus) in New York City?
$110,000 / 40 = $2,750 max, you're good
why divide by 40? is that just a good rule of thumb?
thats the maximum you will be approved for by 99% of landlords. Anything over that, you'll need a rich parent who makes 80x to guarantee your rent. Google the 40x rule it's pretty common especially in NYC
It's fine, just watch your other spending a bit since it'll be about one full paycheck on rent. $2,600 is still pretty low by NYC standards unfortunately, so if it's a nice place that is worth the extra few hundred over a crappy unit.
Fugiat quia corporis quisquam voluptas. Explicabo ea incidunt et facilis. Fugiat aliquid aperiam modi qui porro velit. Sit architecto et quia omnis maiores non placeat tempora. Sunt quos voluptas tenetur fugiat deserunt.
Sed blanditiis delectus quasi expedita excepturi consequatur est velit. Doloremque ut saepe ea. Asperiores ipsam quis dicta eos aut temporibus. Delectus maxime soluta enim ea commodi nisi fugiat.
Repellendus tenetur et voluptatem id. Natus necessitatibus praesentium sint voluptatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...