What is a first year analyst take home salary?
110k base in NYC? What is my take home salary every month? Trying to budget for my apartment rent and think I’m gonna be broke…
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Based on the most helpful WSO content, here's what you need to know:
Budgeting for Rent:
Savings:
Additional Considerations:
Conclusion:
For more detailed discussions and personal experiences, you can refer to the WSO threads on budgeting and living in NYC as an analyst.
Sources: Millionaire by 30, Millionaire by 30, How much money to "feel rich" in nyc?, Is salary alone enough??, Base Raises Are Basically Meaningless Now
In Manhattan? Bout tree fiddy.
40x rent is the usual rule for budgeting and qualifying for apartments. So 110/40 = $2750 absolute max. They will not consider your bonus as a fresh grad since it's not in writing.
I would try to stay around $2k or so, as you mentioned even on a six-figure salary NY is very expensive. You won't be home a ton, so get 1-2 roommates and save early on.
Use the ADP paycheck calculator. Very accurate
That one looks good. I was going to say Smart Asset is another great one since you can also toggle your 401k contribution on it
You can toggle the 401k on the ADP calculator as well.
I've been told that the rule of thumb for housing is that it shouldn't exceed 30% of your gross income.
You’ll be chilling if you find one $3,000 a month
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