Moving to NYC
#16
Thanks guys - just got the offer and all looks good.
Can anyone help with the tax situation in NY. Trying to figure out take home pay. Based on a salary of say 75k. I have worked out I would pay 29 cents in the dollar tax. Does that sound correct?
Are the tax's you pay, city, state federal deductible for do they operate independently
Thanks all
T
Can anyone help with the tax situation in NY. Trying to figure out take home pay. Based on a salary of say 75k. I have worked out I would pay 29 cents in the dollar tax. Does that sound correct?
Are the tax's you pay, city, state federal deductible for do they operate independently
Thanks all
T
#17
Just Joined

Joined: Feb 2009
Posts: 22

I'm a dual UK/US citizen and have lived in Manhattan for many years. Re apartment rentals, starting price for 1 bedroom is around $3,000 per month and up. You might want to consider looking outside Manhattan - Queens, Brooklyn or New Jersey where the rents are less expensive. The village (Greenwich) is a prime real estate location, so avoid. If you must be in Manhattan, an up and coming area is Washington Heights (north of Harlem).
Wishing you all the best and good luck.
Wishing you all the best and good luck.
#18
I'm a dual UK/US citizen and have lived in Manhattan for many years. Re apartment rentals, starting price for 1 bedroom is around $3,000 per month and up. You might want to consider looking outside Manhattan - Queens, Brooklyn or New Jersey where the rents are less expensive. The village (Greenwich) is a prime real estate location, so avoid. If you must be in Manhattan, an up and coming area is Washington Heights (north of Harlem).
Wishing you all the best and good luck.
Wishing you all the best and good luck.
#19
Forum Regular



Joined: Dec 2007
Posts: 131

Manhattan rentals at the low end may be hard to come by without rental/credit history (US rental and credit history).
RE Tax - Federal income tax is marginal and one thing penguinbar forgot to include was payroll tax which is 6.2%. Your effective tax rate on $75K is about 33%. Even though healthcare is paid for by your employer there will usually be a deduction from your gross pay.
#20
Account Closed


Joined: Dec 2012
Posts: 80

2000 a month sounds cheap. At least you can survive without a car, which helps with the monthly nut. From what I gather wages are higher in NYC to help with the cost of living. Like in San Francisco
#21
#22
I recall seeing a salary and cost of living survey some years ago, that showed that NYC pay was roughly 120% of the national average for the same occupation, but that the cost of living in NYC was 209% of the average cost of living!
#23
True 1 bedroom or a junior 4?
Manhattan rentals at the low end may be hard to come by without rental/credit history (US rental and credit history).
RE Tax - Federal income tax is marginal and one thing penguinbar forgot to include was payroll tax which is 6.2%. Your effective tax rate on $75K is about 33%. Even though healthcare is paid for by your employer there will usually be a deduction from your gross pay.
Manhattan rentals at the low end may be hard to come by without rental/credit history (US rental and credit history).
RE Tax - Federal income tax is marginal and one thing penguinbar forgot to include was payroll tax which is 6.2%. Your effective tax rate on $75K is about 33%. Even though healthcare is paid for by your employer there will usually be a deduction from your gross pay.
#25
Account Closed


Joined: Dec 2012
Posts: 80

#28
That is your prerogative, but if your rent is $2,000 per month and your gross income is only $75k realistically there isn't going to be a whole lot left over to enjoy the good things in life. I have no doubt that you enjoy life in Manhattan, but it is unfair to readers of this forum to suggest that they'll be living the high life on $75k living in Manhattan.
#29
Just Joined
Joined: Jan 2013
Posts: 5

I don't know about NYC but just for the USA in general, is always greatly over estimate what things cost. No one will ever give you a straight answer, hidden extras are rife etc and it all adds up. We signed up to Comcast with a special 3month rate but actually couldn't get an answer how much it would cost after 3 months. The man had actually fitted it and still didn't give us the price, we rang. Customer service to no avail until we got a bank statement in the 4th month to find it was over $120 !!!
Good luck with your move
Su
Good luck with your move
Su
#30
That is your prerogative, but if your rent is $2,000 per month and your gross income is only $75k realistically there isn't going to be a whole lot left over to enjoy the good things in life. I have no doubt that you enjoy life in Manhattan, but it is unfair to readers of this forum to suggest that they'll be living the high life on $75k living in Manhattan.





