Is $87 an hour good in Brooklyn, NY.?

Paychex spendtime
Nov 10 27 Comments

I dont know much about the NYC market, but just wondering if that is the right rate.

one of my friend indicated that it could go as high as $100.

comments

Want to comment? LOG IN or SIGN UP
TOP 27 Comments
  • Uber uber1991
    It’s low, very low.
    Nov 10 5
    • Tesla / Ops
      Bigballer

      Tesla Ops

      BIO
      bbb
      Bigballermore
      Isn’t this like $180k base? How is that low?
      Nov 10
    • Confluent nerdyfuck
      Sounds sarcastic...
      Nov 10
    • New
      {~}

      New

      PRE
      Bank of America
      BIO
      Yoe: 🦏 TC: 🐐 Still not serious about life ...
      {~}more
      Hourly to ~yearly -> multiply by 2000
      Nov 10
    • Credit Karma MeatClub
      No benefits. It’s really low
      Nov 10
    • Credit Karma MeatClub
      I’m not sure what happened in the last 10 years, but contract work has become very very low paying it seems

      Consultants and contractors in the early 2000s could easily expect $500/hr. This is no lie

      As H1B took over the role of contractors we have seen the Uberization of IT where the middle man takes everything leaving the worker with crumbs
      Nov 10
  • Microsoft
    LVuitton

    Microsoft

    PRE
    Microsoft
    LVuittonmore
    Seems low if it’s Contracting. Keep in mind no 401k matching, health insurance, you pay all the social security taxes, etc
    Nov 10 0
  • Paychex spendtime
    OP
    I know. What is the good rate? I think the middle guy is trying to screw
    Nov 10 2
    • Credit Karma MeatClub
      Since it’s contract work with no insurance, equity, benefits you should expect $200/hr minimum. Your agency doesn’t seem to be negotiating a good rate. I would try to get full time work with benefits
      Nov 10
    • Amazon / Eng jNeo42
      Is it a financial client? If so the most they will pay per day to the vendor is $1600, and that is for a very senior and specialized role. Otherwise the max is probably around 1200, which means you will at most make 1000/day. Which puts you at 125/hr. However, if you’re talking about another kind of company (other than banks, IB, HF, other boutiques), then 125/hr is a real stretch. You can probably get to 100/hr.

      Note that I’m talking about corp-to-corp (C2C) rates here, not W-2. W-2 will certainly be lower by at least 15%. So 87/hr on a W-2 might be fair, but try for C2C at 100.
      Nov 10
  • Wipro / Eng DQRw24
    This seems a bit below average compared to what I see (even for financial firms) in NYC. Experience doesn’t seem to matter. Tech has long become a commodity outside of FANG.
    Nov 10 0
  • Societe Generale / Other NYC Random
    Depending on the project / industry / size of firm...

    I normally see 90-120 for senior positions and 60-80 for junior

    Make sure you incorporate, so you can manage your taxes + expenses. Doing that will net you more than benefits most places
    Nov 10 0
  • Amazon / Eng jNeo42
    That is low. My first contract gig with a hedge fund in NYC was for 650/day (2005). That was a fixed rate but assumed a 9-hour day (which is what I always gave). That was W-2, not corp-to-corp. I moved to a similar company as a contractor and made an average of 100/hr (I could have gotten 125 but again didn’t know how to negotiate), but this time as C2C rather than W2. Earlier this decade I landed a gig and made 1100/day initially, and made my way up to 1400/day (there was a story behind that, it is unusually high). That was also based on 9-hour days and C2C, which was easy enough there. Long story long, I’m back to that kind of arrangement with a similar company, but down to 1200/day C2C. Again, I only need to work around 9 hours per day to get things done. I will try to bump to 1300/day next year. So all said, after many yoe with very valuable niche skills, my ceiling is around 150/hr. With some luck and efficiency, my absolute max is 175/hr. But as others have pointed out, there are some big tax benefits to make up for all of the other benefits that FT jobs provide. The wild card is your health: illnesses can dent your pay, and you can’t really insure/hedge against it. The most you can do is get a long-term disability plan in the event you can no longer work.
    Nov 10 1
    • Paychex spendtime
      OP
      Well insurance is not a problem for me. I will get it from my wife’s company.
      Nov 13
  • Amazon mst48
    Convert to yearly for comparison. Then check levels.fyi
    For 15 yoe people here would consider low anything below 300k working just 47 weeks.
    If you work 52 weeks at that rate it’d be 180k.
    Nov 10 1
    • Amazon mst48
      Check the other post where a lad/lass got offer of 290K with 5.5 yoe... (of which only 2.5 in the US)
      Nov 10
  • Oscar
    🐨 🐨 🐨🐨

    Oscar

    BIO
    I am a Koala. DM me if you want to cuddle.
    🐨 🐨 🐨🐨more
    Dude... go fte and your problem solved.
    Nov 10 0
  • BBDO hPes60
    That’s fine, you won’t find higher in nyc unless you are working at a FAANG or financial.
    Nov 10 0
  • Credit Karma MeatClub
    Does it include benefits? You might need a roommate at that rate.
    Nov 10 0
  • Paychex spendtime
    OP
    I am not sure. I am getting conflicting answers. I am looking at the linked jobs and all of them has projected salary figures of 110-150K. Why so? Is Linked in projected salary is too low? I am not really sure. If I don’t know the range, I will either quote too much, which leads to them ignoring me. If I quote too low, I am screwed.
    Nov 10 3
    • Credit Karma MeatClub
      Contract work is tough. You’re competing with thousands of other plug and play IT people. Many who are naive, underemployed, or incapable of landing a full time job and therefore willing to work for peanuts
      Nov 10
    • Credit Karma MeatClub
      110-150k in NYC with no benefits leaves much to be desired
      Nov 10
    • Amazon mst48
      LinkedIn is not reliable for salary data.
      Nov 10
  • VMware MTBe82
    I know one guy who relocated from Bay Area to Brooklyn and is taking a year off to rehab his Achilles
    Nov 10 0
  • Paychex spendtime
    OP
    Senior software engineer with 15 yr exp. Mostly MS tech stack.
    Nov 10 0
  • Credit Karma MeatClub
    What position are you seeking?
    Nov 10 0
  • Paychex spendtime
    OP
    No benefits. Just an hourly rate.
    Nov 10 0

Salary
Comparison

    Real time salary information from verified employees