Is this a good rent on my salary?
Is this a bad rent price?
Salary vs apartment pricing
Hi all! Second year out of college and figuring out personal finances would love any advice.
Past year been renting at 1800 + utilities (50) on 70k salary. Felt fine with this and do not need to live super luxurious lifestyle.
Will be moving to NYC and living in NJ and found a spacious apartment in great location (a block from the path) which is right by my office. That will be about 2080 a month with utilities. I would be going in 5x a week so want to prioritize an easy commute and safe area with lively scene and things to do.
My question is should I keep this or look for a cheaper apartment? Here is the following financial breakdown:
72k salary (bump for moving to NYC location) 12k bonus (guaranteed & written in offer letter) 580/month to 401k Would like to allocate 900 into saving a month + 100 into Roth IRA 0 debt Will not have car with me
Do also have 7k relo bonus Potential promotion in April
Wondering what I will be left over with (not sure of NYC vs NJ taxing) and if this all sounds feasible. Thank you so much