I will like to move out sometime next year, only 18 , so i still go to school, and i will like to know around how much will i have to be making a week to live in a small apartment? So i will be going to school, working and i will also need some time for my self, and if this dont work out, i might just have a friend room mate.
2006-12-18 06:33:09 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I live in NYC
2006-12-18 06:38:57 · update #1
Rents in NYC for a small one-bedroom or efficiency/loft are starting at $1200/month and you won't find many in that price range. Better budget at least $1500/month for rent, possibly even more, and be prepared with 3 times the rent (first month, last month and security deposit) in hand when you go looking for an apartment. Lower-rent apartments in NYC go really, really fast; by the time you even see the ad in the paper, there's already a line around the block to get in and check it out. The landlord is going to rent to the first person that shows up with a check.
When you make your budget, you want to earn *after taxes* at least double what your rent is, so you will have money for utilities, food, clothes, and other living expenses. If your rent is $1500 and you take home only $2000 a month, you will be miserable because you'll be broke all the time!
2006-12-18 06:52:40 · answer #1 · answered by dcgirl 7 · 1⤊ 0⤋
It really depends on where you live. It wouldn't hurt for you to grab a local paper and start looking at apartment ads. Also, see if there is a free apartment listing booklet at the grocery store. That will give you a good idea of apartment costs in your area.
I would advise you - starting out and having so many other financial necessities - to have a roommate. It's hard to be on your own at first. It may take some adjusting to another person, but it can make life easier.
Good luck!
2006-12-18 14:38:54 · answer #2 · answered by teel2624 4 · 0⤊ 0⤋
In NYC, I can't imagine an average 18 year old could legally earn enough to afford their own apartment.
2006-12-18 14:42:01 · answer #3 · answered by kingstubborn 6 · 0⤊ 0⤋
it would be nice if you live with your parent , longer and save all the money you can, if you move in a home and apartment its' going to be costly, the more money you save the better you be off.
2006-12-20 16:28:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In UK you will need take home pay of minimum £1200
a month ...net
2006-12-18 14:37:42 · answer #5 · answered by JJ 7 · 0⤊ 1⤋