Friday, February 17, 2012
If an apartment in NYC costs $2200, how much do you reckon a person would need to pull in monthly to afford it? They'd also be maintaining a car, buying groceries, paying for certain utilities, and a cell phone. What's the least a person needs to earn monthly to afford all of this? Thanks in advance!|||Ideally, it would be about $8,800. But at the minimum, in order to remain comfortable, it should be no more than 1/3 of your income, so at the least you should be making $6,600.|||$10,000 a month.
The general rule of thumb is you can spend 25% of your income on housing...Hence the term living "quarters"|||More than I do
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