What is a livable salary in NYC?
Asked by: Arjun Krajcik | Last update: January 25, 2026Score: 4.4/5 (38 votes)
Well, to lead a comfortable lifestyle in New York, a good salary between $90,000 and $100,000 gross per year (or between $71,596 — $99,434 after tax) is more than enough. With this income, you're looking at a monthly net salary between $5,966 and $8,286, which allows you to cover your expenses and have savings.
What salary do you need to live comfortably in NYC?
It takes the most money to live comfortably as a single person in New York City. This breaks down to $66.62 in hourly wages, or an annual salary of $138,570.
Is 80K a good salary in NYC?
80k is like the minimum that can actually live comfortably in Manhattan without feeling stretched.
Is $150,000 a good salary in NYC?
According to US Census Bureau's 2013-2017 American Community Survey 5-Year Estimates, the median individual income in New York City is $50825. Inflation would bring this number a little higher, but not that much higher. So yes, 150k is a good salary in NYC even before bonus. Bonus is just gravy.
Is $100,000 a good salary NYC?
For many, earning a salary topping $100,000 feels like a mark of success—but how far it goes depends on where you live. In New York City, that annual paycheck is worth just $36,000, after taxes and accounting for the steep cost of living.
How much do you need to make to live comfortably in NYC?
What salary is top 5% in New York City?
WalletHub broke down the income of all 50 U.S. states and Washington D.C into three different groups: the average annual income of the top 5%, the average for the bottom 20%, and the median for all of each state's residents. Landing at No. 1 was New York where the top 5% makes about $553,000 a year.
What salary is upper class in NYC?
How much does an Upper Class make in New York? As of Jan 20, 2025, the average annual pay for the Upper Class jobs category in New York is $65,267 a year. Just in case you need a simple salary calculator, that works out to be approximately $31.38 an hour. This is the equivalent of $1,255/week or $5,438/month.
How rare is a 150K salary?
But a $150,000 annual income will place you just above the 90th to 95th percentile among U.S. earners.
What percent of New Yorkers make 100k?
Approximately four out of seven households in Manhattan earn over $100k. For the whole city, this figure is around 32%.
What does a 100k salary look like in NYC?
In New York City, $100,000 amounts to about $36,000 after taxes and adjusting for the cost-of-living. Making $100,000 in Memphis, Tennessee equals about $86,000, according to SmartAsset's analysis. In Houston, Texas, it's about $81,000, and in St. Louis, Missouri, it was about $80,000, the analysis found.
Can you live in NYC on 90k a year?
However, for a more comfortable standard of living in this expensive city, it would be recommended to earn between $90,000 and $150,000 per year. This income will give you a net income of between $71,596 and $99,434 after tax deductions, which equates to between $5,966 and $8,286 per month.
How common is an 80K salary?
80K A Year Salary. $66,000 is the 25th percentile. Salaries below this are outliers. $80,000 is the 75th percentile.
What is the average salary for a 30 year old in NYC?
Age plays a significant role in how much you earn. New Yorkers younger than 25 earn a median salary of $43,121. People aged 25–44 earn a median salary of $92,270, and those between 45–64 earn $93,854. Whereas residents older than 65 have a median income of $55,878.
Is 100K a year good for a single person?
Generally speaking, $100,000 is a good six-figure salary for a single person. Before taxes, $100,00 works out to roughly $8,333 per month. Whether that's enough for you depends largely on where you live. Savings, property ownership, and discretionary funds may be achievable in an area with a low cost of living.
What is the 1% salary in NYC?
As of recent studies, including data from GoBankingRates and Investopedia, individuals aiming to be in the top 1% of earners in New York City must earn approximately $999,747 annually.
How much mortgage with 150K salary?
Some lenders may assess both your front-end and back-end DTI ratios, using what is known as the 28/36 rule. In this scenario, lenders usually look for housing costs to top out at 28%. This comes out to $3,500 in monthly housing costs on a $150,000 salary.
Is 120k middle class?
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $80,610 in 2023, according to the U.S. Census Bureau. 22 Using Pew's yardstick, middle income is made up of people who make between $43,350 and $130,000.
How rare is a 100k salary?
A $100,000 salary is considered good in most parts of the country, and can cover typical expenses, pay down debt, build savings, and allow for entertainment and hobbies. According to the U.S. Census, only 15.3% of American households make more than $100,000 annually.
What is a luxury salary in NYC?
The estimated total pay for a Luxury is $114,664 per year in the New York City Ny area, with an average salary of $94,434 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
What is considered wealthy in NY?
In New York, being considered wealthy often means having a high income and substantial net worth. While these benchmarks can vary widely depending on the region, a household income of $200,000 or more and a net worth exceeding $1 million are commonly seen as indicators of wealth [1].
What is a great salary in 2024?
The findings are eye-opening: to lead a comfortable life in a major U.S. city, an individual needs to earn, on average, an annual pre-tax salary of $96,500. This takes into account necessities, debt obligations, and investments for the future.
What is top 10% income in NY?
- Median income: $81,386.
- Top 10% income: $328,198.
What is the highest paying job in NYC?
With an annual median wage of $515,700, Chief Executive Officer (CEO) will be the highest-paying job in NYC.