Net Income - Living Expenses = ???

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Hi everyone!

I was just wondering if anyone has an idea of how much an RN, on the average, earns in New York (doesn't matter which city) as of 2011. From the gross income, how much is deducted by tax? If not the actual amount, then can anybody at least give the % of tax deduction?

Also, I'd really appreciate it if someone can give me an estimate of the expenses (cost of living) for an average person in NY. I'm very economical, so I don't spend a lot of money on unnecessary things. For housing, a small studio apartment rental would be enough. Does anybody have an idea how much rent for this would be? How about expenses for food?

In short, I'm actually aiming to know how much a person would be able to save up when everything has been subtracted from his/her earnings.

I'm very interested to hear about what people would be able to share on this topic. Thanks.

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Specializes in Nursing Professional Development.

You say it doesn't matter which city ... but it really doesn't matter. If you want to live in Manhattan, that's very different than living in a small rural community. You're going to narrow it down a bit if you want any meaningful conversation on this question.

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Specializes in They know this too!.

The five boroughs is very expensive. A studio or one bedroom a month can be over $1,000 and they are not big. You have to consider parking for your car, public transit, the price of food, taxes, etc.

If you work upstate salary is the same (I believe) and cost of living is much less.

I would check out Craigslist for how much rent is depending on where you are going to live.

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Much if not all Manhattan south of 96th Street and parts of Harlem and Inwood are expensive. However the latter two can have some "inexpensive" apartments but then again you may not want to and or feel safe living there.

As for the other four boroughs there is probably only a few areas in the Bronx where landlords can get "Manhattan" rents. The rest again you pays your money and you takes your chances.

Queens and Brooklyn do have expensive areas (Astoria, Brooklyn Heights, Park Slope, Clinton Hill, etc..) but there are cheaper rents to be found. Staten Island by and large does not have a huge stock of rental apartment buildings, and those that are there you'll find rents slightly below or maybe equal to parts of Manhattan or Brooklyn but the apartments are usually larger. Other apartments are to be found as part of private homes such as renting the second floor of a two family home. Keep in mind unless one finds work at one of the local SI hospitals, you have to drive or take public transport to where your gig is and back after duty. Treking back say from NYP at 12AM via subway, ferry, then bus again on Staten Island is *NOT* fun (been there and did that *LOL*)

There is an article in this past Sunday's New York Times real estate section about the current state of apartment rentals in NYC. Long story short rents are going no where but up. Increased demand coupled by low supply means there are often many applicants for apartments, some willing to pay more than the advertised rent to seal the deal.

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Hi guys, really appreciate your opinions.

Well, the city doesn't necessarily have to be New York City (too famous, populous and expensive). It can be Albany, Long Island, Rochester, etc. Do the wages and expenses differ so much in each city?

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Oops, same post, sorry.

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