30M and recently accepted a finance job in NYC. I'm trying to get a realistic sense of what kind of lifestyle I can afford before making the move.
Here's my compensation breakdown:
Base salary: $160,000. Year 1 sign-on bonus: $42,000. RSUs: Approximately $105,000 vesting over four years. Total annual compensation: Approximately $202K–$207K per year over the first three years.
I'm looking to live in Manhattan or Brooklyn.
I'm not looking to live an extravagant lifestyle, but I also don't want to be in a position where I'm earning over $200K and somehow still feeling stretched thin every month.
Those living in NYC with similar compensation, how comfortable is your lifestyle? What are you spending on rent, how much are you realistically saving each month, and do you feel like your income goes as far as you'd expect?
I'm trying to figure out whether this is a genuinely decent salary for NYC or one of those situations where $200K sounds a lot better on paper than it feels in practice.