Wife and I (in late 20s) moving to NYC and we are trying to come up with a target savings rate. We have always saved at least 65% of our post-tax (and post pre-tax stuff like 401k/HSA) income.
We are moving from Seattle with a new/higher paying job, but the new state tax + local tax, along with the higher rent/cost of living will definitely be a burden on our savings rate.
We wanted to get a more realistic expectation from hearing how much other folks save in the same industry.
Combined TC: 390K
#newyork #savings #investments #housing #personalfinance
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Even at 600 combined tc, we paid 1200 in rent, shopped at Walmart for groceries, etc. we ended up saving 70-80% for 2 years and helped us buy at good house.
Remember that your peers might have had a higher tc for several years. No need to emote their lifestyle