For people earning within a similar range -- On a 195k salary, is 3.7k/month too much for rent? (estimated taxes would probably cut half of salary off, plus debt payments). Would appreciate some advice!
I'm worried because, despite this being an amazing opportunity and bump in salary for me, because of the NYC taxes and higher costs, I might actually end up struggling a bit.
I've never made this much money before, so I'm struggling to get reliable sources on how much would be left after taxes. AI estimates just about half would be taken off.
I'm really interested in this specific apartment that costs 3.2k/month, but I'd have to pay for other things on top of it, which would end up having me for a fixed cost of almost 4k per month JUST for housing expenses... Coming from a much more affordable place, this scares me a lot. I know I can get cheaper places if I share, but I have a medical condition and would prefer living alone for privacy and other reasons.
What budget should I have for rent?
I'd appreciate your insights, especially people earning similar amounts!