Rent and roommate?

What is reasonable rent (non NYC), including all utilities fees, to be paying a month as an Analyst 1? Same with roommate.. as analyst 1 did you choose to go with a roommate or did you go for a studio/1bed? Roommate would be cheaper but I would love my own place for a little more privacy. Thoughts or experiences?

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Comments (4)

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Nov 26, 2021 - 6:28pm

What's your financial situation? Do you have student loans? If so, how much?Do you have any other debt?Do you need a car - if yes, do you have a car? If you need to buy a car, how will you pay for it?Do you have any savings? Do you have an emergency fund? If so, how big is it?I recently moved out of my parents' house. I've been working for a few years now and had saved enough money to fund my life for a few years if i somehow lost my job and had no income coming in. I've got a car that's paid off and no debt (including student loans).Keep in mind to budget an additional $200-300 per month in addition to the listed rent price for utilities. $300 is definitely on the more expensive side, but you'd much rather have a positive budget variance rather than a negative come month-end.I am currently living with a guy I found on Facebook - definitely internet stalked him but he's a solid roommate. He travels for work a lot so in the 3 months we've lived together, I'd say it's been about 60/40 of me having the place to myself.I would prefer living alone, but that would cost around an extra $10k per year. Sure, it would be nice to have girls over and fuck in the kitchen and be loud, but I just go to their place. Other than that, there's not really a negative imo of living with a roommate who is clean, professional, and responsible. Hell, I've probably been the worse roommate as I got shitfaced and ate all his deli ham. Venmo'd around 3x what it actually cost so that got taken care of.Rent + utilities + fees is around $2700/m. Split that in half and I'm paying around $16k a year in living expenses. I am perfectly fine with this and am not stressed at all about how much I pay. I live in a "luxury" apartment in my area and don't regret it at all.I highly suggest making a budget of all expected expenses outside of rent and then seeing how much post-tax cash you'll have. I recommend not including your bonus in this as it's not guaranteed. See below:Salary: $90kTake-Home: $60kNon-Rent Expenses (food, etc): $10kRoth IRA: $6kAfter what I deem non-negotiable expenses, you have $44k.This is really a personal decision that you've got to decide for yourself. I hope the information above can prove useful as you make this decision.

Nov 26, 2021 - 10:31pm

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Nov 26, 2021 - 11:22pm

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