Questions about Miami and NYC

Cisco / Consultant ardnold
Dec 12, 2018 11 Comments

Let’s say you are a remote worker making 110k from an SF company and currently live in a cheap CoL area.

Comparable income for the following cities would be:
NYC (Manhattan) - 270k
SF - 215k
Chicago - 135k
Miami - 131k (+ no state income tax, so cheaper)
LA - 165k

My questions:
1) How the fuck does anyone afford NYC? There’s 0 chance I could find a job making 270k. How do these girls afford NYC?

2) My friends say to forget Miami if I don’t speak English. What do you think?

3) If I decided to switch jobs, would Miami be a good spot?

4) Would it make sense to buy a condo and rent it out after 2 years?

5) How is the dating scene?

comments

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TOP 11 Comments
  • New / Eng AussieSWE
    Learn Spanish and get used to year round heat and hurricane season. :)
    Dec 12, 2018 0
  • Facebook QgLd56
    People learn to be resourceful af in New York.

    My first job in New York paid $45k a year. I had roommates. I spent about $30 a week on groceries. I ate out only occasionally.

    That doesn’t mean I didn’t have fun or have any creature comforts. I found nice furniture for cheap by scouring Craigslist. I took advantage of free admission days at museums and cheap rush tickets. It’s doable.
    Dec 13, 2018 2
    • Cisco / Consultant ardnold
      OP
      Yeah fuck that, I’m not broke
      Dec 13, 2018
    • Facebook QgLd56
      You do you ¯\_(ツ)_/¯ I moved away from NYC and miss it hardcore.
      Dec 13, 2018
  • Cruise Automation mocca
    Roommates, company pays for lots of free food and good insurance.

    Don't know which calculator you used, but your SF and NYC gap is too big, they're pretty much the same COL.
    Dec 12, 2018 4
    • Cisco / Consultant ardnold
      OP
      Nerd wallet
      Dec 12, 2018
    • Cruise Automation mocca
      Wow, didn't realize Manhattan got that much more expensive. $5k is now median 2bed apartment?

      Looks like housing is the biggest difference. Keep in mind that's $1k more per month, $12k per year after tax, and likely $18k pre tax.

      So $55k difference overshoots it in my opinion.
      Dec 13, 2018
    • Cruise Automation mocca
      This also goes to what I said about roommates. It's common to have them here vs LCOL where you can get house or apartment for yourself.
      Dec 13, 2018
    • Cruise Automation mocca
      Low cost of living
      Dec 13, 2018
  • This comment was deleted by original commenter.

    • Cisco / Consultant ardnold
      OP
      Every CoL calculator disagrees
      Dec 12, 2018
  • New DuQvV7x
    You need new friends if they’re saying you need to know Spanish(?) to live in Miami. DF?
    Dec 13, 2018 0