Page 1 of 2 12 LastLast
Results 1 to 15 of 24

Thread: Estimated dollar amount you should save to move to NYC???

  1. #1

    Default Estimated dollar amount you should save to move to NYC???

    How much money should one have saved in order to move to NYC?

  2. #2
    Chief Antagonist Ninjahedge's Avatar
    Join Date
    Sep 2003
    Location
    Rutherford
    Posts
    12,773

    Default

    We need more information than that to give an answer.

    How much money do you need to retire in Florida?

    Until you know what the person is looking for, it is impossible to say.

  3. #3
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    32,654

    Default

    Food prices in NYC grocery stores seem to have risen about 20 - 30% in the past 6 months - 1 year.

    So it will depend upon when you are planning to move.

    No matter when as time passes it's only getting more expensive -- and far more so than it's risen in the recent past. It's being disussed that subway / bus fares are set to rise ~ 50%.

    Which also means that pizza by the slice will rise to the same level (old NYC rule of thumb).

  4. #4

    Default My Budget Breakdown...

    I'm looking at a little less than $11,000. I'm moving with no job, and looking to get a studio apartment in Harlem for $900. I planned on paying 6 months advance (5 mths advanced and 1 mth security deposit) becasue I don't have very good credit. I figured that I would be able to get into an apartment paying that much in advance. Unfortunately, I don't know anyone in the city.

    How realistic do you think my budget is?

    1. $900 Harlem Studio (5 mths adv & 1 mth security) = $5,400

    2. Three months of living expenses (while I job hunt) = $3,000

    3. Pots, Pans, Bed = $500

    4. An additional 1k should I not find work in 3 mths = $1,000

    5. Hotel at YMCA while I search for an Apt ($70 per night x 14 nights.. hopefully it won't take that long) = $980
    __________________________________________________ _____

    Total $10,880

    Any thoughts?? Can this be done? or, am I simply setting myself up to fail. I'm trying very hard to be realistic and to be prepared.

  5. #5

    Default

    You're not going to be able to find anything in Harlem for that price.

  6. #6

    Default

    Try finding roommates to cut costs, cause youd pay roughly the same in a better area.

  7. #7

    Default

    Harlem is a fine area, and I would actually suggest cutting costs by finding a roommate there.

  8. #8

    Default Harlem

    I've been looking on craigslist and I've seen quite a few Harlem studios for $900 or less. It seems some of you feel this is a little unrealistic. I'm wondering how much Harlem studios usually rent for??

    I just prefer Harlem because to Midtown it's only 15 min vs the 25 from Brooklyn...

  9. #9

    Default

    Quote Originally Posted by rmassengale View Post
    I've been looking on craigslist and I've seen quite a few Harlem studios for $900 or less. It seems some of you feel this is a little unrealistic. I'm wondering how much Harlem studios usually rent for??

    I just prefer Harlem because to Midtown it's only 15 min vs the 25 from Brooklyn...
    Are you planning on working in midtown? If not, there's no reason to spend much time there.

    Anyone I know who has rented a studio in Harlem recently is paying more like $1,300 a month. It's highly probably that what you're seeing on Craigslist is what's known as either a scam or bait and switch. Like this:

    http://newyork.craigslist.org/mnh/nfb/917823739.html

    "Suggested Rent is Negotiable. Landlord willing to make deals. No Reasonable Offer Will Be Refused."

    Come on, now.

    Really, if you're only 23 and just moving to the city, why don't you try living with roommates first? When I graduated from college ten years ago, none of my classmates would have ever thought about getting their own place. What's up with all these recent college grads insisting upon studios lately?

  10. #10

    Default

    Wow... $1300!?! Perhaps I'm way off base then. Thank you. I appreciate your advice.

    The funny thing about the ad in the link you posted, I looked at that one about 10 times when it was first posted in craigslist... I remember thinking, "what a great deal!"

    I do plan on working in Midtown and thought that being Harlem and all, I could at least find Something in the $900 range. There goes my hopes at Harlem.. Any suggestions on Inwood or Washington Heights??

  11. #11
    Crabby airline hostess - stache's Avatar
    Join Date
    Jun 2004
    Location
    Nairobi Hilton
    Posts
    8,511

    Default

    Just make sure you're West of Broadway.

  12. #12

    Default

    How far from Washington Heights to Midtown by subway?

  13. #13
    Crabby airline hostess - stache's Avatar
    Join Date
    Jun 2004
    Location
    Nairobi Hilton
    Posts
    8,511

    Default

    Around 150 blocks.

  14. #14

    Default

    If $900 too modest for a Harlem studio? What is the usual amount for a small studio in Harlem? Surely not $1200, as you can find a much better location for $1200 in Manhattan.

  15. #15
    Crabby airline hostess - stache's Avatar
    Join Date
    Jun 2004
    Location
    Nairobi Hilton
    Posts
    8,511

    Default

    Quote Originally Posted by Schadenfrau View Post

    Anyone I know who has rented a studio in Harlem recently is paying more like $1,300 a month.
    Is there a problem? Did you not see this? People are telling you your financial planning is not realistic yet you keep saying the same things. Especially considering you 'failed' in your last attempt in moving here, I'm surprised you have so many questions this time. This thread is getting tiresome.

Page 1 of 2 12 LastLast

Similar Threads

  1. Times Square Porn Palaces Move to 8th Ave.
    By Kris in forum New York City Guide For Visitors
    Replies: 2
    Last Post: April 16th, 2006, 07:41 PM
  2. New York Philharmonic Agrees to Move to Carnegie Hall
    By Fabb in forum New York City Guide For New Yorkers
    Replies: 8
    Last Post: October 14th, 2003, 01:52 PM
  3. Save Tribeca's giant urinal!
    By Tydirium in forum New York City Guide For New Yorkers
    Replies: 4
    Last Post: July 30th, 2003, 07:48 PM
  4. Insurer Considers Major Move to Downtown
    By Kris in forum New York Real Estate
    Replies: 1
    Last Post: April 13th, 2003, 05:56 AM
  5. Bear Stearns cancels Jersey City move
    By NYguy in forum New York Real Estate
    Replies: 5
    Last Post: February 27th, 2003, 11:12 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Google+ - Facebook - Twitter - Meetup

Edward's photos on Flickr - Wired New York on Flickr - In Queens - In Red Hook - Bryant Park - SQL Backup Software