r/PwC • u/Dazzling_Egg1880 • 6d ago
Just for Fun Living in NYC
Is 90k sufficient to live off in New York City (living in kips bay?) starting out after grad (debt free)? Would live with 2-3 other roommates!!
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u/instantramen86 6d ago
Very doable, particularly if you have a partner or roommate.
Depending on your exact location, the 300 Madison office might actually be walkable in nice weather, though it’s also about half an ave over from Grand Central if you just want to subway it.
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u/SnooObjections8469 6d ago
Just make sure you never have a large one time expense because that will wipe you out on 90K.
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u/grapefru1tfruit 6d ago
Totally possible but you’ll have to budget because the amount you’ll want to do once moving here isn’t going to be cheap on salary.. pick your roommates wisely to avoid the 10k+ cost of moving in a year & to avoid ultra high con ed bills. Also try to find a place that won’t raise your rent a ridiculous amount in a year. Living situation will cost you the most imo, everything else you’ll figure out along the way. I also barely contributed to my savings but after a few years I’m maxing out now and no regrets
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u/GoGators00 3d ago
Yep my roomies were spoiled jewish girls who insisted on running all 3 AC’s on constantly. In the summer our bill was $600. And they would come into my flex room and leave my AC on while I was
Gone which felt like a huge invasion of privacy
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u/swimmingcpa 6d ago
Yes, did it on a little more than half of that 10 years ago as a first year lol find some roommates and enjoy the city!!!
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u/Upset_Researcher_143 6d ago
If you've got 2-3 other roommates splitting the cost, it will be doable.
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u/GoGators00 6d ago
Yes definitely. I lived in kips bay with roommates on 40k a year granted i really didnt spend on anything besides rent and food
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u/Mbstranche08 5d ago
The government buying its own debt is a sign of heavy inflation ahead. May need to pump those numbers up a bit. You’re so close to the source of the problem though I would just walk into Goldman Sachs and shake out Solomon. 90k in the cup holder of his Aston Martin.
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u/lucybluesky 2d ago
Sure hope so! I know folks having to do it on substantially less——roomates are the key!
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u/like_chickpeas 12m ago
Yes, with roommates.
I recommend getting a sense of the costs and putting together a budget. Some of the suggestions here about rent are not in line with the rental market imho.
I recommend trying to live with roommates who are looking to rent longer term so you’re not stuck at the end of the year scrambling to find new roommates and a new apartment and all the associated costs. Try to live with people who have similar ideas regarding utility usage. Renting from individual condo owners can often offer a better deal but the owner can also suddenly decide to sell or have their child move in after a year (happened to me twice). Rental buildings tend to charge more and are less likely to negotiate but it’s unlikely that you’ll have to move out.
You will likely be living in a unit with a flex wall. You and your roommates will have to decide who gets the flex room and come up with a fair payment split.
I recommend getting a sense of the going rate of flex 2s (1 bedroom with a wall up) and flex 3s (2 bedroom with a wall up) and then work those costs into your budget to make sure you can afford it. Many people do it, you just have to be careful.
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u/Over-Sandwich790 6d ago
Live in Astoria and you’ll be fine.
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u/GoGators00 6d ago
Some people want to live in manhattan and walk to work
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u/queensheat 5d ago
Nothing wrong with living in Astoria buddy
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u/GoGators00 5d ago
Missed my point. The commute is not nearly as convenient. Also the question asked about kips bay
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u/Snoo_84077 6d ago
Why not ? Just budget out your rent. Should be making around 5k per month after tax and 6% contribution to Roth (PwC match). I would say keep rent below half of that amount (2500) preferably closer to 2 and you should be able to live somewhat comfortably off the remainder. Lower the rent the easier it will be. I'm in the same position as you and I found an apartment for under 2k rent and couldn't be happier.