How much to spend on NYC apartment as 2nd year analyst

Considering moving to NYC at the end of my first year (Currently at a BB in a non-NYC office) and was wondering how much I would expect to be paying for a half decent studio/1 bedroom for myself. I see a bunch listed (primarily studios) around the $2k range but wasn't sure what the norm is for bankers up there.

 
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if you want a nice building in manhattan with amenities (new appliances in kitchen, nice fixtures in bathroom, clean floors, rooftop, parking garage, nice lobby, maybe a gym)

1-bed of decent size (650 sqft minimum...750 sqft is more desirable) will cost $2500/month.

https://streeteasy.com/1-bedroom-apartments-for-rent/manhattan/price:-3500%7Cno_fee:1

if you work downtown, i strongly suggest 2 Gold Street, and you can probably negotiate 1 month free on a 13 month lease

https://streeteasy.com/building/2-gold-street-new_york/3106

if you work in midtown, this UWS building has a gym, pool, tennis court, and is REALLY nice

https://streeteasy.com/building/sessanta-229-west-60-street-new_york/12s

just google it...you're welcome
 

My friend lives in a modern luxurious building in murray hill and pays ~2.3k for a studio - apartment has laundry and one of the best views I've seen of the skyline, building has a doorman, gym, etc.. I've seen studios around where I live (around NYU) for slightly higher. I wouldn't worry too much about whether you live in midtown, fidi, or in the village. Commuting to work will take you 15 mins +/- ~5mins from any of these places. If you can then you should consider paying ~2k for a decent sized place in a good building - chances are you face less problems from the outside eg. noise, bars, etc. You can find studios / 1brs from 1.5-2k in those areas 

 

Hells Kitchen (midtown west) is a short commute...but ugh...you don't want to live near times square.

i'd suggest the UWS (upper west side)...short subway ride to midtown / Hudson Yards...and you'll be walking distance to central park.

just google it...you're welcome
 

How much do you guys drop on apartments post-tax? I'm at 32% and I think its too high.

 

From this thread it seems that not only do NYC bankers get paid 1.5-2x what London bankers get, but they also have cheaper housing options 

 

Highly recommend a roommate in NYC if it's possible. The $1.5-2k studios are rare and you'd need to spend time going to each one because most are shitholes

There's just way more bang for your buck with a 2 bedroom - either a decent place that's cheaper with the split or a much nicer place for the same price as your studio. 

 

With covid, I’d go with a cheaper location + more spacious. UWS or UES as others have mentioned. Or Fidi if your office is downtown

I know analysts who have spent $2500 on rent (pre covid) but they were generally from well off families so saving might not have been as important. I’d put $2500 as the ceiling assuming you’re at $95k base

 

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