Trending Content - Off Topic Forum
| +73 | Uchicago is paradise | 14 | 2d |
| +56 | BofA VP killed in random NYC stabbing | 36 | 17h |
| +46 | What Bank Will Make Women Instantly Fall In Love With Me? | 14 | 17h |
| +28 | How the Hell Do People Actually Get Into Private Golf Clubs? | 26 | 3d |
| +19 | Why do Asians fake their names? | 42 | 2h |
| +13 | POLL: Optimistic or Pessimistic? | 9 | 3d |
| +11 | At what salary can you start calling it “fi-NANCE” | 3 | 5h |
| +7 | Who is making these posts on WSO Linkedin ? | 5 | 2d |
| +2 | Lindsay Clansey | 1 | 3h |
| +1 | Someone just coined "the view" | 3 | 2d |
Career Resources
Based on the most helpful WSO content, here's a breakdown of rent spending trends for various positions in NYC:
Interns/Summer Analysts: Typically, rent ranges from $1,500 to $2,250 per month, often with roommates to keep costs manageable. Popular areas include Murray Hill, Gramercy, and Long Island City.
1st-Year Analysts: Rent tends to hover around $2,000 to $3,000 per month. Many opt for shared apartments or smaller studios to balance costs.
Associates (earning $275k-$325k): It's common for associates to spend $2,500 to $4,500 per month on rent. Some associates do stretch to $5,000 for a more spacious 2-bedroom or a luxury 1-bedroom in newer buildings with amenities. However, this is more of a personal choice based on lifestyle preferences.
Senior Associates and Above: Spending $5,000 or more is not unusual, especially for those seeking modern, spacious apartments in prime locations. Some even go up to $7,000 for high-end 2-bedroom units with premium amenities.
While $4,000 might not secure a "luxury" spot in 2025, it can still get a decent 1-bedroom or a shared 2-bedroom in a good area. For those willing to spend $5,000 or more, options improve significantly, including newer buildings with better amenities and more space.
Sources: How much do you spend on rent as an associate making 275-325?, Millionaire by 30, 1st year analysts: stupid to move into NYC right now?, SA 2021 NYC Housing Thread, Best neighborhoods to live WITH GF in NYC (and timing) - 1st year IB Analyst Midtown Summer 2019
Honestly, in NYC, you’re looking at around $5,000 or more for a decent one-bedroom in 2025. Rent is crazy right now, and $4,000 isn’t cutting it if you want something good. Some associates are definitely dropping $5K for a decent place. If you want to keep costs down, consider sharing a two-bedroom with someone. Just be ready to shell out more if you want a good spot. It’s tough out there!
$1,500 in Chicago
For what
1500 is a bit low from my experience, but it is insane to hear these NY rents. 2000 can get you a very solid place in chicago
The general rule is whatever you make annually gross divided by 40 before bonus is your monthly max rent.
You might wanna reread that
Thanks - phrased it differently lol
I'll stay in London after all
I pay $3000 for the tiniest studio you can imagine. It’s literally smaller than my kitchen back at home. But location is sweet (prime west village) and I don’t feel like moving. I’m planning to move only after I can afford $4-5K and find some better version of what I have. As an An3 I think $3-4K is reasonable. Associates could be swinging 4+ and would not be surprised if VPs are paying $5-6K for somewhere really nice. The sub-$3K options just suck now unfortunately. But I refuse to live outside of downtown Manhattan so that’s on me.
I’ve seen studios for as low as $3k in the tompkins park area of NYC but I haven’t lived there yet so can’t attest to if 3k gets you a rat infested shithole so…
Tompkins Square Park area is good. If there are rats, just get a cat or peanut butter traps.
Ullam excepturi laboriosam maiores quidem a tenetur. Cumque aliquid iure dicta architecto eveniet est. Cumque at amet incidunt voluptas. Ut ipsum dolor ea et.
Iusto numquam natus rerum officia neque asperiores totam repellat. Omnis sapiente eos eos earum. Rem voluptatem ut omnis deserunt accusantium voluptas.
Perferendis excepturi nesciunt ut dicta facilis aspernatur atque. Perspiciatis quia velit consequatur aspernatur unde inventore totam. Quo in aperiam veniam nostrum voluptatem. Est provident illo rerum doloremque quia occaecati.
Debitis fuga deleniti sunt sed recusandae. Ut suscipit modi ratione et. Ut assumenda quaerat distinctio modi nihil. Tempora ut omnis dolorem hic et. Voluptatem reiciendis deleniti nisi tenetur doloremque dolore rerum. Sit exercitationem soluta et voluptatum aliquam cum.
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...