90k salary rent reddit. Some of the responses were incredible.

90k salary rent reddit Cost of living is ridiculous up there. Unless you want to buy a chicken coop which will be in terrible condition. Going to be rough if this keeps up, more homeless. I max out my 401k contributions, and due to a recent salary increase I will also be able to start contributing to a Traditional IRA. The target you need to hit is 'don't be homeless'. Take that $90k, max your 401k out, bank as much as you can living at home, and see how the next year goes. Basically the title, moving with my girlfriend to NYC, we'll be making 90k gross pay, we're in the final stages of securing a place with a monthly rent of $2000 for a two bed, and I'm starting to get cold feet, worrying about whether or not we can actually afford it. Been living with roommates all my adult life and very much done with it. I want to put 20% down payment not 3. 60 * 2080 = $125k. My work responsibilities would stay the same except I would now also have to manage the people working as independent contractors in my current role. Edit: Some additional info! I have no debt, no dependents, and am moving to NYC. o. Edit 2: I'm thinking of living in Rockville or Gaithersburg, or even further up, but the rent is still pretty high there, coming to about 1700-2000 dollars. Multiply hourly by 2080, if you're curious about annual salary. This is general guidance but you should budget so that you are allocating no more than 50% of your NET salary toward rent/mortgage. I recently found a job paying me 90k before taxes, and I'm hoping to figure out the best way to budget my salary so I can be more financially stable over the next decade. grain of salt, 90k is only about 5k/month after the usual taxes/401k match. Maybe try the mission or similar? Last I was on the market, the move in cost is usually 1x or 1. 00. $130k salary $600 rent about 85-90k depending on bonus Where I live the average rent is in the $1800 for a 1 bdrm. Focus on establishing a career before you think about buying a house. I am 28F, single, finished my grad school a year ago. Omg wait please include tips on how you are able to save 1k per month while paying 2. 90K for 4 people is nothing and a single salary is risky. They don’t know you’re a first year associate so even if the firm collects 1000 of your hours at even $300/hr (these are very low numbers) on your 90k salary the firm is making money on you. Obviously this varies by region but what I'm saying is, you should have no problem paying 1200 or even 2000 in rent. Anything more will decrease savings. maybe the smaller beach city there are apartments under 3k, but thats a huge maybe. Try to get like co-ops in your field so it increases chances of getting a full time job. I hate living in it because it's cramped and the area isn't great. If a bi-weekly paycheck is $2700. You’re paying nothing now. Let’s put your annual salary of £90k into perspective. 90k is about 68k after tax — sa rent 26k groceries 7k(excluding ung sa bata cause di ko alam) elec/gas/water/internet 2k public transpo 2. Here is an outline of my budget: Currently my salary is 90K. I live in one unit and rent out the other. My wife and I work full time and make 90k combined before tax. Holy crap. That is definitely too much. Feasible? If this is really $34/hour, i. After food bills and rent I can stiI’ll save money. 6k — Total basic necessities is at 37. However, as many high-earners know all too well, with a great salary comes great taxation. More comfortable clothes. I wanted to know if that is a liveable salary considering the cost of living. This new position would come with 90K salary, 2 weeks vacation, 2 weeks sick time, healthcare benefits plan, 3% rrsp contribution. All things considered, that's a great salary. at 90k you can probably swing living slightly inland alone, barring no extra debt (school, car, large credit card/loan debt). The general rule of thumb is to buy a house that approximately three times your yearly salary so you should be looking at houses in the 270k area instead. Or check it out in the app stores     TOPICS $90k pre-tax salary, $2500/mo rent. Since this is a government job, I’d ask about the benefits package as well. 2k lol I pay 2k for my portion of rent with around the same salary as you and after the 5% going to 401k and food (I only really eat out on weekends) and gym and gas and dog stuff I almost break even each month. The rule you want to aim for is no more than 30% of your post-tax income on rent. Don't be greedy unless you have a better offer. Not sure if we’ll ever get a house while all our friends have mom and dad putting down payments down for them. That alone will put you back at square one. monthly salary = 7500. That would leave you with $2,500/month take-home after rent is covered. I’m not the most materialistic guy, quit drinking/going out, and cook all my meals at home. This person what’s to buy not rent. San Diego Cost of Living; What’s your salary/hourly wage, what is your rent, and do you feel you earn enough for your age to live a good life here? I’ll start: 28M, $43 per hour wage full time, $1,500 rent for a 450sqft studio cottage in Crown Point, fully renovated with (3) parking spots and laundry. Reply After the first few months you will be up and running and billing and clients will pay the bill. You'll rent a one- or two-bedroom apartment (average rent in Seattle in 2019 is around 2k for a 1 br. The advice I've seen online is to keep housing costs below a figure between 25 - 30% of gross income. I currently live with my parents, so I don’t pay rent or bills. View community ranking In the Top 5% of largest communities on Reddit. Most people today spend over a third and depending on the area closer to half their income. You can perfectly fine rent an decently sized apartment for €1600-1700 / month, which is fine at a €75k salary (especially with 30% ruling). it isn't money you can spend). , 70-90k salary)? I'm about to just start a job out of undergrad earning 75-90K a year (it varies depending on overtime and bonuses) but I'll be going to business school or law school in 2-3 tops. $3,000 rent / 50 = $60/hour. If you buy a 400k house between the mortgage, taxes, and utilities half of your salary is going to go into that home. HST uptick of 8% closes that 1K per month gap really quickly. I would say Bay Area in general can be affordable if you're willing to make some sacrifices on certain luxuries that might expect as default. $2,500 per month * 12 months / $90k per year = ~33% of your gross salary going toward rent. Wife and I are posed to make roughly $250k next year. But currently lots of tenants have left because of covid. If you find one. Get the Reddit app Scan this QR code to download the app now 200k in student loans, ~90k salary, need advice. 6 on 90k/yr. That $21,000 would pay for up to $1,750/month rent + utilities. But yes, you can easily do 1. Here you go. Hello all, looking at jobs in the Oakland area was interested in a role within the city. 5k — May tira ka pang 28k per year to allocate for peraonal things nio. Rent ~ $1890 + 100 utilities (550 sqft studio in Chicago) Food ~ $500 per month Transportation ~ $100 a month (NO CAR/walk 25 mins to work or work remote) Insurance ~ $0, on my parents health ins. Roth IRA: 48K (maxed out contribution for 2023 already) Brokerage account: 53K I-bonds: 20K (Already purchased 10K for 2023) To start, congrats. That’s roughly twice the average UK salary, putting you firmly in the country’s top 10% of earners. You have a 4% tax shown for Washington state. I pay 2600 and make much more than 90k I WISH I could pay less in rent but it's not really possible for an apartment big enough for two in Astoria. Even better, rent with other people, make friends and see what they can show you in the city. 3k rent on a 45k salary. So, I saw an AskAnAustralian question about living in Sydney and supporting a family on a job offer of $90k salary. You're starting off on a strong foot. Hard inquiries aren’t a death knell to approvals. If your non-living related expenses are less than 3300, you should be able to afford 1700 in rent. It's more than ideal over the ideal percentage, but not too bad. I made about $110k last year and I drive a used A4 45. 100k salary would equate to about 6k more a year would be the same as getting a 3k place on 100k. You may find helpful some of the other $90K salary questions already asked of, and answered by, this subreddit such as Is a $2000 monthly rent pushing while making 90k pre-tax? from 4 months ago and How comfortably can I live in the city with my salary? from 1 month before that. I don't have any monthly car payments but I do have roughly $20,000 in student debt that comes due after January 31st. . NJ real estate is quite expensive. Mar 7, 2022 · I have friends spending 2. It's good as in you can afford to rent a somewhat decent place in Toronto, put a bit aside for savings and have some money left over. And rent would be like half of my salary, no way I can afford anything else. We rent for $1,400 a month. Following the standard, maintain a balanced budget by allocating 30% of your annual salary to housing rent. You also apparently spend over $10K annually on your car, so that's not ideal. post-tax expenses: bus pass = 30 car gas = 110 electricity = 50 car insurance = 35 Bro. However, you should figure out your monthly budget including any loan payments, savings, and investments. 5x rent as a deposit, plus first month's rent, so ~4-5k. Now on the process of looking for a place to rent. 90k is $7,500 per month $1,250 is 1/6 of $7,500. e. You should be able to live on 1. Unless you will be splitting rent with a roommate, that 90K won't be as much as you think it is after your monthly living expenses. His rent is about $3k a month for a damn studio (including his monthly parking of $250). 110K after tax in ON is about 6,500 a month. The median salary in London is 40k. We just not that lucky I guess. I am early on in my FIRE journey, but I’m in a good position due to owning an affordable duplex. Jan 10, 2025 · Everyone says that you shouldn't pay more than 30% of your monthly income on rent, but tbh that seems kind of crazy with the rent prices in this The amount of rent you can afford if you make $90,000 per year in the US depends on several factors, including your income, credit score, and expenses. Rent and utilities comes out to around $700/mo believe it or not (I live in a rural college town and have roomates lol). - rent: $900 (apartment) - car payment: $775 (6. It’ll be a bit tight at first but since this is your first job your salary will likely grow at a faster rate than your rent will if you stay in the same place When I first moved downtown my rent was 38% of my total salary (pre-tax) and now it’s 28%. But to give you some guidance, most landlords will require your salary to be 40x the monthly rent. Got a job in Toronto pays $90k base salary. Im 19, and just landed a job for $90,000 starting salary. However, if you earn $90k a year, the recomendded house rent will be $2,250. 3-2. I found a rent controlled place in inner sunset, so I know I’m lucky there. Rent alone will be likely a 2500€ (50% of your salary aprox) or more for a real shit house. My salary is currently $65,000, but after bonuses (which get paid out in December and February), it's around $75,000 - 80,000. Apartments to buy are over a mil. My apartment building is quiet, I'm in a safe part of Santa Monica, laundry in the building, gym walking distance, as well as groceries and all of the other basic needs. Get app Get the Reddit app Log In Log in to Reddit. How screwed am I? Edit: Ok. Build a war chest first before you start investing in real estate. Can I afford an 1. 00 ( net , so $5400 per month ) , is it a bad decision to pay $2000 for monthly rent of an apartment? We’ll probably with internet and electricity more like $2200 . 4-1. Then, divide the rest between savings and other living expenses. 1800 rent 300 utilities 300 car lease 150 car ins 150 car ins for paid off car 70 Internet 10 Netflix 1200 food (3 males 38,8,10 & a female 35) 300 gas When I moved into my current place (decent sized 2br granny flat), I was on $90k and paying $350/wk rent. Remember that travel budget trades off with rent to an extent. After food and rent, my net income monthly is around 3K. So logically it should be post tax, and if anything applying it to post-tax means you're playing it safe when aiming for 30% because if you did decide to measure it against your You will instantly have 3 units available to rent and then depending on the unit you choose in your property you can rent out an additional bedroom to your friend. Housing is an absolute drama and for four people is going to be a disaster. Even food is only like 12% of your salary. The rent will now be up around 400 or more for the same -- the wage would be the same. It shifts as you move around the city, especially as you get farther away, but don't expect to find an apartment in the area under $1600/mo unless there's something wrong with it), or rent a house that you share with roommates. Older buildings and certain areas (like west side, heights) you can get a full 2 bed apartment for that price. 8k apartment on 90k salary? Rent- $1,800 Parking - $150 I currently make 90k a year and I'm wondering if I'm budgeting properly with it? After taxes my monthly take home is 5. 5k per month, that leaves you 3. 2. 90k. UK Salary Tax Implications for the £90k Earner. I. If your rent is only $600 a month, then that means living cost is low. Hi everyone. Im on a 70k salary living in sf with housemates (single 26 year old). That said, with your skillset, it'd probably only be for a year or two - I'd expect your salary to increase by quite a bit over time. If you have 200k in liquid funds. I would be moving from an area that is relatively MCOL/borderline HCOL. Generally, anything over 1/3 your salary is outside your budget in my opinion. $90k annual salary, $40k in the bank, outside mortgage no huge debts, low 700 credit score, VA loan eligible, newbie to the real estate investing world IMO it doesn't make sense to apply the 30% rule to pre-tax salary, because for example your super is not going into your pocket (i. $90K is a solid paycheck for a 24 year old. Your monthly take-home is about $5300 before any company deductions (health benefits, STD/LTD, etc) SQ5 at this salary is insane. On a 90k salary you should feel fairly comfortable up to $2200 in rent. The income isn't absurd, the % of income going to rent is. 90K after tax in AB is about 5,500 a month. I also dog-sit on the side, but I like to use that money for going out, dog purchases, etc (anything nonessential). Zero reason Op can't do the same with a higher salary in a lower COL area. I say act like you have 30k salary and then you save 25k towards emergency funds until you hit an amount that you are comfortable with. The rent on a nice shared apartment you can get for £700 - £800 plus bills a month easy. Considering transport, car insurance is not cheap, neither are public transportation. $90k gross salary is about $65k net after standard deductions. Family of 4 1 income. 5,200 take home per month. On a $90k salary, that means the most you can swing will be $2250 a month. 28M here, living and working in London earning £90K pa plus 10% bonus. $70K/year base salary, then spending $20K on rent is fairly high as these things go. a better rubber shoes. After CA state taxes, I expect my take home pay to be around 65k, or ~5500/month. Position would come with benefits,. Look at your own numbers. As a NJ resident, I know the cost of living around here. If you decide to rent, you can rent a 2/3 bedroom house for around the same price ($1500). Take it now because it becomes a bargaining point on later jobs. You could afford to rent a modest 1 bed flat in a nice area or a nicer place somewhere further out. I told my agent this and the landlord decided to reduce my rent to $330 to keep me. I have a salary of $62. 90k is plenty. I have no debt whatsoever. I had to look up a looott of houses back in March/April and a 3/4 bedroom house for rent generally floated around 1600-2000/month, so finding a 1/2/3 bedroom house for the same price as an apartment wouldn't be out of the picture. $90k/yr for a single, frugal-minded person, should be fine. 5k rent on a 90k salary is much better than a 1. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. I am moving there next month. Different issuers will from any of the 3 credit bureaus and the hard pull will only show on one of the 3 (aside from Cap1’s dreaded triple pull). Can currently save 100-200 a month. 65k for the rest. On average, it is recommended to spend no more than 30% of your gross income on housing expenses. Sorry I was working lots of questions. 5k outside of that and save roughly 2k per month. pre-tax deductions: 401k (5% of salary; my company matches up to 5%) = 375 health insurance = 142 dental insurance = 6 vision insurance = 13 => remaining salary before taxes = 6964 after taxes (38%) = 4317. Some of the responses were incredible. Maxing out your Roth would be equivalent to $500 per month. I live in Southern California, in a pretty high CoL area. Depends on your options. Honestly I find this ask a little privileged, 90k a year would be a dream salary to me. Going out (food/alcohol) ~ $150 per month Entertainment/personal ~ $300 per month Savings ~ $400/600 Roth 401k and Roth IRA, any left over to As most people said 90k for 2 people is not that much, but enough to wait until your wife also get a job without struggling to much. which worked. Now I know California/Bayarea is a little pricy but with an Estimated salary between 70-90k a year would I be okay in the area ? Hows rent for a 1 bed room? My partner would also look for a job and would hopefully make around the same You said you currently make 90k and are paying $1,200 in rent. I think OP should mention what their budget is for the vehicle rather than their salary. I can tell you where to go to get a $ 1,000,000 business line of credit, it would require you to start a Corporation. We don’t have much but we have each other and that’s enough Edit: we’re 24 and 23 btw I lived in NYC on $60k a year and $1350 rent 7 years agoand I was able to fund my 401k, go out all the time, vacation, etc. Take it. Loads of desk share space too to rent cheaply which will once again get you to know people and the city. I completed one year of schooling (freshman) and just dropped out. Reply reply He is 29, single, and works in the medical field making approximately $5k a month in take home pay. At 12 months, I was considering finding another place because I wanted a garage. Get the Reddit app Scan this QR code to download the app now. $90k isn’t exact, I’m over but not at $100k yet. Max out your company matched 401k. Keep being conservative with that 90K salary as well. I get appx 33% tax taken on this salary. 5k on a 90k salary and they feel like they're stretched real thin every month. Williamsburg? In what universe. 59% rate) $90k is the minimum starting If you’re looking at apartments you will be fine, most want to see your income is 3x rent, at your salary you’ll have plenty of 1-bedroom options, even some with additional office/gaming 2nd “bedroom” space. Hell, someone said you’d need at least $200k a year to support your wife and kids here. Most government jobs come with a pension and TSP, at least 2 weeks vacation, 2 weeks sick time, plus holidays. Job: Semi monthly pay - ~$2500 after 12% contribution to 401k, life insurance (medical, dental, vision still under parents), and pretax transit check) Expenses: Rent: $1350 per month in NYC. And Id love to be paid more but wages are stagnating. Throwaway for some personal reasons. Other threads i saw were more like “got an offer for 150k with 50k bonus” or family income of 400k”. I make $90k, no bonus, I pay $2,000 for rent, I'm able to put $500-$1,000 per month into savings and investment accounts. But “crazy high” is exaggerating. If this was the 80s-90s, he could've probably bought a 4 bedroom detached house, 2 cars and still having savings on his salary. If you act like you have 25k salary, you're going to save alot of money. Government jobs tend to be good on benefits in order to make up for the lower salary, but you have to put in time. Also, moving up that quickly in salary is a nice jump and you won't see it as often when you get older. It’s totally possible. Therefore you spend 1/6 of your salary per month on rent. Current monthly income combined after taxes: $5,700 We currently pay: Rent: $1850 - it doesn't actually get cheaper Phone: $200 - will be lower soon Insurance: $200 - will be higher soon All other bills and debts combined: $1100 Fun/groceries/etc: $500 I have a $1632/mo rent, and we're a bit above $90k/yr (close to $120k-$130k/yr) but we live comfortably with a fair amount of savings. Max out your personal IRA. 68. 2k which divided by 12 months is $600 per month) $500 monthly into a Roth IRA (maxing out) After tax, I will be earning less than 4000 dollars per month. Rent in Williamsburg is 3k and up. Rent is $1,550, ultiities is $100, car insurance Get the Reddit app Scan this QR code to download the app now 27, 90k salary, living in Vancouver BC - Help me save for the future? Rent 720 8640 Car Insurance Next factor is rent. Plenty of European cities where similar apartment would cost €2500 / month. 90k should mean at least 5000 take-home monthly. + 70 Utilities Food: ~$650 per month in groceries + restaurants Gym: $70 per month Subscriptions (Prime, Netflix): ~$17 per month Misc Entertainment (Movies, Alcohol): $100 per month No DEBT: $0 There's no such thing as "typical" rent. As a single person you should prioritize reducing your commute and find a place close to work. Forgoing a 401k (21y. Everyone is talking about apartments and what I am thinking rent. Debt Rent - $400/month (living with family atm Rent first and get a taste for the city and what it offers. Personally, I’d probably continue living rent free and saving as much as you can while finishing up the CPA stuff. It depends very much on what neighborhood you live in. Now 90k sounds awesome as a single male salary, right? Apparently not in LA. That's regardless of credit. I think it's safe to say you should defer up to that 4% match and max out your Roth IRA. I used to live in NYC and the rent was quite expensive, however I’m now living in SF (which is insanely expensive) on an 80k salary with $1750 rent. I feel like this thread is more normal with a lot of people making around 90k or calling 90k a good salary. Walk before you run. I’m not a frugal person either. To make that simpler, "affordable" is about 50x an hourly full-time salary. You're spending less than 1/9 of your salary on rent. 5% and I plan to live in one floor and rent out the other. Is this feasible with my salary in an area as expensive as LA? Thanks! Edited to add: our rent will be 2200/mo. This means I'll be supporting both of us on my salary for around 3-6 months, assuming all goes well. 8K (I work in a hospital) and the remaining $27. Amsterdam is not cheap. Looking for tips, advice, suggestions on how to handle the finances. That will get you a studio or one-bed in a lot of neighborhoods. Difference in rent cost and GST vs. New buildings expect 3k for rent at minimum probably for a studio/jr 1 bed. For that to be affordable and manageable you would need monthly net income of 6k a month, which puts that salary in around 90K ? Majority of single people don't have that salary. Buying is going to be at the very least 300K-400K for a small house or apartment. 5k I currently have 8% going into a traditional 401k when my company matches 50% up to 3% (8% of 90k is $7. Just know in general for 90k you probably won’t get the same quality of living space as anywhere in Texas with that salary. His annual pay is $90k and after taxes he is left with roughly $5k monthly. If you spend frugally or don't really care to save go for it. a single salary of 90k is pretty tight for a family with 3 young kids in the GTA That would be tight anywhere in Ontario or Canada at this point imo. Although I'm sure you could find something in a safe but cheaper area for $1,500/month. I'm currently renting in a small 1-bed flat with very affordable rent, enabling me to save over £3K per month. Reply reply If you wanted to go crazy, you could rent a 1 bedroom in a place like Marina del Rey, Santa Monica, Redondo Beach for $2,500/month or maybe a bit less. Is it a put money in your 401k, save for your kids college, buy into espp, slap money into an HSA, eat out multiple times a week, shell out for an entry level sedan salary? 90k salary on $850 rent is actually really good! I calculate after taxes that you take home roughly 4. 2K in cash (I tutor children). Aim small, miss small if you have to. Hi there! Yes- 90k is a great salary in Greensboro and I personally think you’ll find you can live comfortably with yours and your SO’s salary. You should look up rent in areas you’re thinking about living. If you are ok with a smaller home that potentially needs some work, you can find something, in that price range. It's comfortable. Depending on what type of house you are looking for $250,000 may be a stretch though. The question worth answering is where do you want to live and build your life? Yeah $90k salary is fine. $2k is comfortable, but you won't be saving that much given your salary. I'm currently about $18,000 in debit from student loans, and have a list of monthly expenses. The rule of thumb in NYC is 40x rent for income. My net take home pay is around £4400 per month. Your salary is definitely enough to live comfortably in that area, but if you're dead set on living alone then expect rent to take up a large piece of your monthly budget. My wife and I are looking to move into our first home within the next year or so. It’s impossible, budget this much for food, you’ll need a second income. For now I would say just rent with a couple of roommates if living at home isn't actually an option and keep the 90k in like a HISA for now. Keep the bonus in savings 10K would be the minimum for an emergency fund in NYC. At $90K/year, after tax withholdings you'll take home around $5,000-$5,500 per month. I’m a bit skeptical of the 30% rule in cities like this Hi, I was recently offered a position at a company in Los Angeles and they are offering around the ballpark of +90k. You can also start buying an item month that will give you better quality of life. hsrqlz hwt vorz smihpu rzeoxzr giaj kgtw xycpm mjaf yocr xsewdx fbrz yoey zylexfm zgmy