$250k in New York City
#16
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Joined: Sep 2010
Location: Maryland (via Belfast, Manchester, Toronto and London)
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Re: $250k in New York City
I was appalled by the negative reaction caused by suggestions that the rail system needed upgrades after the recent Amtrak crash in Philadelphia. What these anti-transit people don't understand is that America has a crumbling infrastructure that needs billions and billions of dollars of investment just to make it safe. We are still using civil war era bridges and tunnels that are in serious need of repair or replacement.
The irony is that Amtrak's northeast corridor (Boston-Washington) is very profitable and carries millions of people every year. Can you imagine what would happen if all those people were forced onto the roads?
#17
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Joined: Dec 2011
Location: Greenwich, CT
Posts: 132
Re: $250k in New York City
We were in a similar position and lived in Murray Hill for a couple of years. Rent in the city is $3000/$3500 for a decent 1 bedroom and $4500 for a real 2 bedroom. Without kids you should reap the benefits of the city!
We moved out to White Plains for around $3000 for a 2 bedroom and easy car ownership, but like us, when you get around to kids you'll want a town with decent schools.
Metro North Express trains do exist (at peak times). You can get to Scarsdale, Hartsdale and White Plains in 35 mins; there's a Chappaqua express in the AM/PM peak that will get you there in 45. For Connecticut, Stamford is the first express at 50 mins. For the most part the trains are comfortable and cheaper than the UK. My monthly ticket is the same in dollars as it was in pounds.
We moved out to White Plains for around $3000 for a 2 bedroom and easy car ownership, but like us, when you get around to kids you'll want a town with decent schools.
Metro North Express trains do exist (at peak times). You can get to Scarsdale, Hartsdale and White Plains in 35 mins; there's a Chappaqua express in the AM/PM peak that will get you there in 45. For Connecticut, Stamford is the first express at 50 mins. For the most part the trains are comfortable and cheaper than the UK. My monthly ticket is the same in dollars as it was in pounds.
Last edited by jaffy23; Jun 2nd 2015 at 3:24 pm.
#18
Re: $250k in New York City
We were in a similar position and lived in Murray Hill for a couple of years. Rent in the city is $3000/$3500 for a decent 1 bedroom and $4500 for a real 2 bedroom. Without kids you should reap the benefits of the city!
We moved out to White Plains for around $3000 for a 2 bedroom and easy car ownership, but like us, when you get around to kids you'll want a town with decent schools.
Metro North Express trains do exist (at peak times). You can get to Scarsdale, Hartsdale and White Plains in 35 mins; there's a Chappaqua express in the AM/PM peak that will get you there in 45. For Connecticut, Stamford is the first express at 50 mins. For the most part the trains are comfortable and cheaper than the UK. My monthly ticket is the same in dollars as it was in pounds.
We moved out to White Plains for around $3000 for a 2 bedroom and easy car ownership, but like us, when you get around to kids you'll want a town with decent schools.
Metro North Express trains do exist (at peak times). You can get to Scarsdale, Hartsdale and White Plains in 35 mins; there's a Chappaqua express in the AM/PM peak that will get you there in 45. For Connecticut, Stamford is the first express at 50 mins. For the most part the trains are comfortable and cheaper than the UK. My monthly ticket is the same in dollars as it was in pounds.
Last edited by rpjs; Jun 2nd 2015 at 6:26 pm.
#19
Re: $250k in New York City
My spouse grew up in the area and still has relatives nearby. She is amused that Manhattan got so expensive, that it causes a gentrification of Brooklyn which is now so expensive that people are now looking at Manhattan as more reasonable.
#21
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Joined: Dec 2014
Location: London, UK
Posts: 159
Re: $250k in New York City
It was from my perspective, from Westchester, Putnam, and Dutchess counties. Very poor compared to London. It was so bad from western CT that I decided there was no way for me to commute from there.... Short of habitually arriving in the office 30-45 minutes early, I faced being one delayed train or missed light driving to the station from being unacceptably late to the office. And this was one of several key reasons we left the NY area.
I don't live a particularly luxurious lifestyle, but I found the quality of life I could afford to be much less than in London on a matching salary at the prevailing exchange rate, which was at around $1.4/£1. I have consistently said that I would only return to NYC to work for about 50%-60% more than LondonCalling is considering because I found the cost of living to be that high. ...... Maybe I've just had it too good for the past 12 years down here!
I don't live a particularly luxurious lifestyle, but I found the quality of life I could afford to be much less than in London on a matching salary at the prevailing exchange rate, which was at around $1.4/£1. I have consistently said that I would only return to NYC to work for about 50%-60% more than LondonCalling is considering because I found the cost of living to be that high. ...... Maybe I've just had it too good for the past 12 years down here!
I've heard positive things about the quality of life in NC, but it's not an option for us.
#22
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Joined: Dec 2014
Location: London, UK
Posts: 159
Re: $250k in New York City
I was appalled by the negative reaction caused by suggestions that the rail system needed upgrades after the recent Amtrak crash in Philadelphia. What these anti-transit people don't understand is that America has a crumbling infrastructure that needs billions and billions of dollars of investment just to make it safe. We are still using civil war era bridges and tunnels that are in serious need of repair or replacement.
House panel votes to cut Amtrak budget hours after deadly crash - Heather Caygle - POLITICO
#23
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Thread Starter
Joined: Dec 2014
Location: London, UK
Posts: 159
Re: $250k in New York City
I'm well aware it's a decent salary, my point was whether or not it would enable a sufficient uplift in living standards to justify the relocation.
#24
DE-UK-NZ-IE-US... the TYP
Joined: Mar 2010
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Re: $250k in New York City
#25
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: $250k in New York City
You obviously won't starve on $250k, but keep in mind that you will need to pay a city income tax (most US cities don't have one) and it is likely that about half of your take-home pay (net income after tax) will be spent on rent.
Combine that with the cost of eating out (a common sport for New Yorkers, in part because much of the housing is small enough to make most people claustrophobic), and your ability to put away savings won't be as high as the number would suggest.
Combine that with the cost of eating out (a common sport for New Yorkers, in part because much of the housing is small enough to make most people claustrophobic), and your ability to put away savings won't be as high as the number would suggest.