Philly to NYC - comp equivalent?
If I make $70k in Philly what should I ask for in NYC as equivalent? Anyone made this move before?
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I'd be looking for $90K or more. You'll pay maybe $4K more in taxes since NYS is a progressive income tax at the state level and then the city will ding you. But what will really fuck you is the living costs. Add an extra $20K for living per year.
Is COL really that different? Care to break down where you in Philly and where in Manhattan you are exactly comparing in terms of rent?
Thanks TNA
Mongoose: From what I have seen the COL will be very different, no way I am finding where I live now in NYC no matter what they pay me.....I pay $1450 (not including utilities) for a big loft-style apartment, probably 1500 sq ft, I don't live in city center but commute is short/easy. Do not know NYC well and I do not have a specific area in mind and don't need to live in manhattan. Top concerns are safety, space and not too long a commute. Not single and not going to live in a studio-sized place. 1000+ sqft
Assuming Manhattan...
Studio in a quasi-decent location will run you $2,000+, so that's really your floor. Decent 1BR will probably be in the $3,000 range, depending on where you are looking.
Safety should not be a concern pretty much anywhere in Manhattan, with the exception of Washington Heights/Harlem, and even those aren't super bad.
One of the nice things about Manhattan is that you can live relatively far from your office and still have a quick commute, depending on where you are in relation to the subway. If you give some more info I can try and make some suggestions for neighborhoods.
Outside of Manhattan you could consider Hoboken, Jersey City, Brooklyn, Astoria and a few others. How practical each one of those would be is highly dependent on where you'll be working.
1,000 sq feet is pretty hard to come by and you will pay substantially for a lofted ceilings and that amount of space
Can be had in Williamsburg for a not-insane price (though still around $3,000/month). That's doable on $100k, but not advisable by any means.
.
I agree with TNA, I would try to get to 100k though.
http://money.cnn.com/calculator/pf/cost-of-living/
Philly rents are great.
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