1st Yr Analyst RENT Budget

Too little.

Your budget is not 60k, that's just your gross.

ok the 60K was a figure of speech. Tool bag

I think $1,300 - $1,500 is a good target range. You have some wiggle room on the top end of the range without going totally broke.

It also depends on your living situation. How many/if any roommates are you going to have because once you hit the magic number 3, you start to get a much higher ROR. Living by yourself will be tough for any first year living off base if you want to live in Manhattan. You're much better off getting a 2BR flex or 3BR flex with a couple of buddies and end up splitting cable/internet/utilities as well. If you go that route, you can find solid deals for nice buildings with all the amenities: elevator, doorman, laundry, gym as opposed to living in a shitty prewar walk up by yourself in the east village. Unless that's your cup of tea of course.

I plan on spending 1500 myself with either 1 or 2 roommates with maybe a little wiggle room to go higher. Ultimately, it really comes down to personal taste because you can sacrifice living quality by going cheaper (smaller, shittier, farther away, less convenient).

Also remember that as a first-year analyst, you'll barely spend any time in your apartment, so getting that smaller place isn't a big deal. As far as convenience, it's a matter of cost vs. amount of sleep.

crazy..
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"Buy stock in me, I'm feeling bullish"
"I live in a shoebox"

It makes sense that more roommates equals higher ROR. Is it difficult to find a place with four (or even five bedrooms) to really take advantage of this?

if ur looking at a studio with no roommate, it should be 2000 minimum.

if ur looking at a 2br with convertible and three roommates figure between 1300-2000 per person depending on location.

Apts in variety of ny locations vary by prices.

chelsea/murray hill/east 20 to 70s - figure $5000-6000 for 2BR apts.

above east 80s - figure $3-5k for 2BR apts.

Can I expect rent to go down due to the destruction of wealth or remain constant when I move to NYC next year?

what are the prices like in queens/brooklyn?

The average for my group (in SF) was $1400/month. Figure with a 15-20% premium from SF to Manhattan and that's b/n $1650 and $1700/month for a 1st year. Downtown SF is cheaper than NYC but not by very much. Having a roommate obviously saves you. On a $60k salary, that leaves you about $1600 every other week in net pay after benefits/401k/taxes. If you can use one of your bimonthly checks for rent and the other for all your other expenses, you should be good to go.

Where are you getting your prices? I have two friends who are paying a combined 2800 a month for a 2 bedroom in Murray Hill near 38th Street that is pretty decent. In Hoboken rent can go for 1100 per person if you have a roommate. Myself I only paid about 1300 a month when I lived in FiDi over the summer.

where is "Dream" ?

Dream? Troll.
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"You know I look gangster in my pink polo"

The difference in prices is based on bathrooms. A 2 bedroom with only 1 bath is not all that much more expensive than a 1 bedroom. Add a 2nd bathroom, however, and that alone is worth at least $500/mo, and often more.

So prices for 2 BR/2 BA across the city are usually $3,500 on the low end, with the average btw $4-5K.

That said, you can probably find cheaper deals in UES or FiDi.....