Moving from LA to NYC for work, no COL raise in salary.
February 1, 2012 2:06 PM Subscribe
Is moving to NY a feasible option?
posted by Everydayville to Work & Money (88 answers total) 6 users marked this as a favorite
[Asking for a friend]
I live in Los Angeles on $60k base. It's a comfortable life, rented 1-br apartment for ~$1100 and my only other payments are cell, cable+internet, utilities, groceries, car insurance, credit card payments... a total of about $1100/mth, on the upper limit. I'm looking to leave my job, which brings me to...
...my two job offers:
1. Stay in LA and make 10k more. Gives me the opportunity to save, something I haven't been able to do since I have credit card bills that I've been paying off.
2. Move to NY, for $65k base, non-negotiable. Assuming rent is at max $1500/mth:
a. A few of my friends have told me I'd be sacrificing quality of life if I moved to NY, that $65k isn't enough to live on. There is a good possibility I can move up at work within a year, and possibly make close to $70k then. Is it feasible to live in NY on $65k base? I'm thinking my main expenses are rent, utilities, cell, internet, groceries. I'd sell my car, and hopefully get enough for it to pay off the last of my credit card debt.
b. Is it feasible to find a decent studio/1-br for ~$1300 close to midtown (which is where I'd be working - 3rd and 45th, I believe)? I was thinking Astoria. My absolute cut-off is $1500, and I'd REALLY REALLY like to live alone... ideally for about $1300.
c. What's the best way to find an apartment? I've read other threads on this for websites, and I could stay with a friend for a week or so. I'd really like to avoid brokers because I can't afford it.
d. My credit kinda sucks. I can have someone cosign for me, and because I have no savings I'd be borrowing deposit, etc. but is co-signing going to make me an unattractive renter? I will have an employment letter, tax returns, etc. that I can show.
e. I'm 33 years old, female, single (the 'can I meet good men in NY' is a whole 'nother question altogether, yikes) and the idea of 'starting over' in a new city when I'm pretty comfortable where I am is a bit daunting. However, the job looks like fun, and I've always loved NYC. Would I be starting over, do you think, on such a low salary? They may give me a small lump sum for relo, but I'd be taxed on it. No relo is a dealbreaker for me.
Thank you for your opinions, advice, tips, ideas. Peace.