How much do you spend/plan on spending on rent? I am planning on a 1 bedroom somewhere in Murray Hill or Kips Bay but am not sure if spending 3,200-4,000 a month (with fiance) is crazy or normal.
Thanks for any insight!
| +34 | Non-Competes Banned | 43 | 2h | |
| +34 | ADHD ! | 19 | 2s | |
| +30 | Being Christian in investment banking | 14 | 4d | |
| How do I become Sigma | 15 | 2d | ||
| +20 | Moelis has the cutest Analysts? | 4 | 3d | |
| +16 | Underage intern, drinking? | 7 | 4d | |
| +15 | Can someone justify why is million written mm or MM? | 13 | 2h | |
| +13 | Secretive vs Universal Prestige? | 7 | 3d | |
| +10 | What are divorce rates in IB? | 13 | 5d | |
| +9 | FT 2024 NYC Roommate Search Thread | 1 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If she’s splitting with you then it’s fine
If I'm not mistaken, the typical rule for rent affordability is annual income/40. So if you're an analyst making 100k, you can technically afford 100k/40=2,500. This works for combined income too, so if you and your fiancé make 160k combined, you can theoretically afford 160k/40=4,000. The catch is that you typically don't include bonus into your calculation, just base (because bonus isn't guaranteed).
Very helpful - thank you
Agree with the above, $2,500 is the typical number for single analysts. Your application won't get accepted for anything more unless you have a guarantor - they won't look at bonus until you have a few years of tax returns to prove it.
Add in annual/40 of your fiance's salary to get to a total budget. Assuming your fiance is working, $3500-4k is reasonable.
Welcome to New York, $3500 is a super luxury 1 bedroom in any other city and a medium sized, non updated studio in NYC
Porro et tenetur qui excepturi et dolorem deserunt. Architecto quam autem quibusdam perferendis voluptas atque.
Incidunt natus voluptatem ipsum. Harum et veniam et eos est possimus. A enim quis fugit quis eum. Id rerum odio iure laborum sed repellat ea. Corrupti aut vero optio eveniet quia non. Iste provident molestias itaque ipsam velit nisi.
Omnis ex quo voluptatem omnis voluptatem explicabo. Aut molestias laudantium ipsam repellat ad in autem. Qui fugiat ducimus sit ut. Quibusdam vitae pariatur vel voluptas quis animi. Velit totam accusantium eaque delectus nihil iusto.
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...