Manhattan Rent as an Analyst 3
I’m thinking about lateraling to NYC from the Midwest, but I’m worried about being able to make rent. If I came on as a Analyst 2/3 would I be able to afford a 1 bedroom in midtown. I have a girlfriend who would be able to help with rent, but probably only $1k worth due to lower salary. At the current $4k median is this plausible? Given the BB/EB analyst salaries is that outrageous? Our should I consider other parts such as the quieter financial district? Assuming without bonus since that won’t be used to pay for the first year.
Are you deadset in living in midtown?
No I’m open to other places as well. Midtown just seems like it’s well rounded.
Just landed a rat hole south of midtown for an absurdly awful price. With even the smallest studios running north of 2k, with median much closer to 3k, it’s tough. For a 1BR you will be stretched thin, but can make it work. I’m definitely overpaying on my A1 salary, gonna have to get by with a frugal day to day. But that’s NYC for ya. Don’t be discouraged, few years and a few promotions and you will laugh at rent
Thanks for the response. I’ll take that into consideration.
How much are you paying?
If you want to live in anything decent or similar to what you’re getting in Midwest, it may be tough
Yeah I figured as much. I was just hoping for a nice 1BR but it may just have to be 40% of my base haha
Have you considered Upper East Side? Assuming as a Analyst 2 we will say you’ll bring in at least 120k without bonus. Many places in UES you can get 1 bedroom for around 3500 a month. Definitely plausible, more inventory in UES and UWS than midtown. Unless you look midtown East or Murray Hill area.
I'll definitely look into the UES. Thanks
$4k is definitely doable, although it won’t be a “luxury” unit (or similar to what you have in the midwest). I would expand your search outside of midtown. Have you visited nyc and spent any meaningful time there? I find midtown to be one of the worst areas to live in (very commercial, tourists, very little “authentic” nyc). I think you’ll have some luck with UES or UWS and some areas further downtown (Chelsea/flatiron, etc), with the latter being in older buildings with fewer amenities (but in what I consider a much better area). It’ll mostly depend on what your expectations are for “nice” and whether you are prioritizing location or amenities/apt/etc.
Good to know, thanks. Will check those out on my next visit.
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