Incoming Houston Analysts, What’s Your Rent Budget?
Saw a similar post for NYC so thought I'd make one for Houston as well for someone who's interviewing in both cities. Curious as to what is a reasonable amount that most are spending on rent in Houston relative to their base? Factoring no state taxes and lower COL would it be overkill to spend 1800-2000 on a really nice apartment in houston (can get an unreal place for these prices from what I've seen) or are people spending much lower/higher. I've seen anywhere from 1400-1500 for nice places to even 2000-2500 being tossed around so was hoping to hear more anecdotes.
I wouldn't spend more than $2k solely because you're not going to be home enough to enjoy a really baller apartment. Definitely get one big enough to put a setup for WFH days, but the money spent for a glass-bottomed rooftop pool or top-of-the-line kitchen appliances is not worth it until you work low enough hours to enjoy them.
Around 1.8-1.9k is fine if a nice apartment is super important to you, but most analysts stay around $1500 or lower with roommates because that'll get you into most mid-range apartment buildings
Also while you don't pay state or local taxes in Houston, your parking expenses at work will nearly make that up ($300-500 for most office garages) so make sure you know how much that is and include in your budget
This is good advice- just depends on if you want to have to drive to work or not. Living downtown definitely has its benefits with being able to take the tunnels to the office. Downtown is going to be more expensive, 1,900+. Outside of the downtown it’ll get cheaper.
With parking, firm dependent I guess, but they may pay for your parking. I know that is the case with our junior people at least.
Do most analysts live downtown (spending 1900+ on rent) from what you’ve seen
And sorry when u guys say 1900+ does that mean all-in incl utilities, amenity fees etc. or just apt rent (so 2k-2.1k in total)?
I pay a bit above $2,000 for a one bed-room and can walk to work. Parking/uber can be expensive, so I preferred the convenience and slightly nicer apartment to a cheaper one with a commute. There are a few major apartment complexes in downtown around Market Square Park the bankers tend to live
What do most of the other analysts at ur bank pay? I recall people recommended staying around 1500-1600 on 85k base but on 110k base i imagine 2k is pretty reasonable and arguably the new 1.5k baseline?
Do u just use the tunnels if walking to work and uber back late at night? Guessing a longer walk (15-20 mins) during the summer heat might not be ideal?
My walk is 5 blocks, I just walk on the street typically at night as the tunnels often close before I leave. Base is above 100K
Looks like my comments got cut off? My walk is 5 blocks about 10 minutes. I just walk at night and it’s not very dangerous and the tunnels close before I leave normally. Maybe uber if the weather is bad.
Think it was cut off again boss
Think he’s trying to say that his walk is
Thinking about getting a 1bed1bath for somewhere between 1500-2000, thoughts?
Pretty wide range but that's about what you will pay
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Oops just saw this is for analysts. My data point is for summer analysts.
Bump - anyone has advice on which buildings to look at in downtown or closer that are decently upscale and where most analysts probably look through?
Bump. Can Houston bankers tap in?
Looking at about 1.9-2.1 no roommates
Good range for downtown or close to the office
you can definitely get around $1500-1600/mo for 1 bed with no roommates given so many places offering 4-8 weeks free
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