Space is Expensive in NYC
Studies made comparisons of New York with San Francisco, Chicago, Los Angeles, and Miami and found NYC to be one of the most competitive of all. According to Megan Durisin of Business Insider
“Although it’s still probably the norm for a person in their late 20s or early 30s to be renting in New York City, buying real estate has become a more attractive prospect for people nationwide — and that includes New York City.”
It's a Costly City
You must be ultra-conservative with your expenses to survive in the Big Apple. My wife is a huge advocate of good life and healthy eating. With that said, it is a bit challenging to keep a healthy diet with a $25k salary considering all your fixed expenses. My friends and I grew up always dreaming of the big city. We fell in love with iconic structures like the Statue of Liberty, Empire State Building, and Times Square.
The Big Apple Entertains!
There are people who find a job where their company covers the cost of both doing business and having fun. Unfortunately, you cannot allocate more than $350 / month in entertainment. For us, it was an $87 weekly budget we could use for dinner @Broadway and 178th or bowling in Times Square.