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I want to move to NYC
#6

I want to move to NYC

25% of take home income is not a regular standard. Its 33% take home or 25% gross. Its also different at upper income levels. Paradoxically, the more money you make, the higher percentage you can pay for rent, since the same person could save more money even paying more.

Also consider things like retirement. If youre like me and max out you IRA contributions, thats over 1k saved a month. Dont forget to add that to your home pay.

Living in Manhattan, you probably won't need or want a car either.

This all being said, you get shit for your money there. I was at a couples place one bedroom in West Village which ran for the same Im paying in South Beach. It was a 300 sq ft shithole. My place in Sobe is amazing, place the huge state tax break.
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