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re: How Much Money You Need to Live Comfortably in the 50 Largest US Cities
Posted on 4/19/16 at 12:23 pm to SlowFlowPro
Posted on 4/19/16 at 12:23 pm to SlowFlowPro
Is this in the city proper? Or do suburbs count?
0
Posted on 4/19/16 at 12:34 pm to kingbob
quote:
I'd like to see this adjusted for parents of multiple school age children (assuming the local school district sucks)
Probably double it.
Posted on 4/19/16 at 12:35 pm to lsupride87
quote:
That is nuts. As a young single guy when I was first out of school, I was in the low 50s and didn't want for anything in NOLA while saving money every month without trying
It really depends on how much you are saving and how large your entertainment budget is.
Posted on 4/19/16 at 12:38 pm to Teddy Ruxpin
quote:
Tell me about it and my $3,000 a month rent. I'm just going to stay here as long as possible and hope it doesn't get raised by being a good tenant.
Wtf? You renting a 4000 sqft house in Westlake?
Posted on 4/19/16 at 12:41 pm to Teddy Ruxpin
quote:
Wife got a BIGLAW job. I'm a kept man.
I was able to move my stuff here since I do have that TX client. Just flipped everything. All happened in 5 weeks.
Nice. 
Posted on 4/19/16 at 12:46 pm to hiltacular
quote:
NYC $87,446
You can definitely live comfortably in NYC making this as long as you are splitting rent with 1-2 other people. I find it hard to believr someone can live comfortably tho in a 1br situation, that would be really pushing it.
NYC is not the same as Manhattan. I know living in Jamaica or Staten Island won't satisfy the SATC daydream crowd, but it's significantly cheaper.
All these #s seem high. Two years ago we had a family of 3 on $50K in New Orleans. It was great. But they're saying I would've needed $10K more than that to be comfortable while single? That's nuts. They're all ginned up to try to make everybody believe everything is a crisis, constantly.
Posted on 4/19/16 at 12:51 pm to SlowFlowPro
quote:
Phoenix: $48,876
•Income needed: $48,876
•50 percent for necessities: $24,438
•30 percent for discretionary spending: $14,663
•20 percent for savings: $9,775
Told yall cost of living here isn't horrible.
Posted on 4/19/16 at 12:55 pm to Cold Cous Cous
quote:
All these #s seem high. Two years ago we had a family of 3 on $50K in New Orleans. It was great. But they're saying I would've needed $10K more than that to be comfortable while single? That's nuts. They're all ginned up to try to make everybody believe everything is a crisis, constantly.
It really depends on what part of the city you want to live in. The average home price in New Orleans is 200k, but the average home price Uptown is 500k. These cost of living studies never really make sense to me, because COL will vary from neighborhood to neighborhood.
What neighborhood did you live in?
I think 60k for a single person Uptown is probably about right.
Posted on 4/19/16 at 12:56 pm to Ostrich
quote:
Wtf? You renting a 4000 sqft house in Westlake?
Where were y'all when I needed ya?
All we had to go off were the listings online and figure out the market off that. This wasn't by far the craziest rent I saw. I'm looking at 400sq ft places online for $1,300 right now. shite is nuts.
Posted on 4/19/16 at 12:57 pm to MusclesofBrussels
quote:
Meh, you should be able to live comfortably on that in Seattle.
Yep, I know lots of folks who make 50-60k a year and do fine in Seattle.
Posted on 4/19/16 at 12:57 pm to SabiDojo
quote:
Nice.
There's a certain lifestyle I've grown accustomed too. However, it seems I may have overpaid for rent
Posted on 4/19/16 at 1:01 pm to Epic Cajun
quote:
It really depends on what part of the city you want to live in. The average home price in New Orleans is 200k, but the average home price Uptown is 500k. These cost of living studies never really make sense to me, because COL will vary from neighborhood to neighborhood.
What neighborhood did you live in?
I think 60k for a single person Uptown is probably about right.
One block from Tulane University. I admit it was a sweetheart deal for the location; we got lucky. But even adjusting for that, you don't get from $50K for three to $60K for one.
Posted on 4/19/16 at 1:04 pm to lsupride87
quote:
3,200 a month
Estimating some figures here:
Rent: $1200
Vehicle+Ins: $500
Cable: $150
Phone: $120
Utilities: $125
Food: $500
Savings: 500
That is $3100 before any "entertainment" part of the budget. I realize some of these numbers may be high, but the study was "comfortable" not bare bones scraping by.
This post was edited on 4/19/16 at 1:11 pm
Posted on 4/19/16 at 1:09 pm to lsunurse
quote:
Told yall cost of living here isn't horrible.
There's plenty more that's horrible though. I did not care for the Phoenix area at all.
Posted on 4/19/16 at 1:14 pm to CadesCove
That's ok Cades, it isn't for everyone
What about Scottsdale though?
It's nothing like the rest of Phoenix. I would HATE having to live in the west side of Phoenix metro. Ugh, Glendale.
Posted on 4/19/16 at 1:15 pm to lsupride87
quote:
As a single guy renting?
Let me rephrase that I couldn't live in New Orleans comfortably with 60k
Posted on 4/19/16 at 1:16 pm to Teddy Ruxpin
quote:
However, it seems I may have overpaid for rent
well, for me - someone who lived there for 17 years, at any rate, in any part of town, $3k month and you're buying something. Even with the crazy market right now, $3k is really high unless your in a downtown condo, or a really really nice house in Tarrytown
unless you're 100% certain this move is temporary, with that sort of budget/disposable income, you rent for a year at half that $$, and look around
Posted on 4/19/16 at 1:19 pm to lsunurse
quote:
What about Scottsdale though?
Scottsdale is nice. The climate and the landscape just didn't suit me. I'm not a desert dweller. I also couldn't see putting $4000.00 rims on a Tahoe. Everyone there seems to have rimz.
Posted on 4/19/16 at 1:25 pm to Uncle Stu
quote:
unless you're 100% certain this move is temporary, with that sort of budget/disposable income, you rent for a year at half that $$, and look around
Ya, I like to think myself as reasonably prudent, but we had 3 weeks to get our house in New Orleans on the market and find a place to rent in Austin while getting our stuff moved here. Plus, the house we had bought in New Orleans wasn't some 700k equity behemoth, so with the house prices we saw we'd still need a few years to get another down payment together.
I'm only 30 and she's 29, so we're still building wealth(and paying student loans).
Our housing cost only went up 1% of gross, so I figured we didn't overdo it. (Mortgage/Taxes/Insurance divided by old salary vs Rent/new salaries) though I understand the whole "pissing money away" of course.
This post was edited on 4/19/16 at 1:34 pm
Posted on 4/19/16 at 1:49 pm to Epic Cajun
quote:Like I said, terrible with money
Estimating some figures here:
Rent: $1200
Vehicle+Ins: $500
Cable: $150
Phone: $120
Utilities: $125
Food: $500
Savings: 500
That is $3100 before any "entertainment" part of the budget. I realize some of these numbers may be high, but the study was "comfortable" not bare bones scraping by.
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