I'm looking for a 1 bedroom place in a nice area of Brooklyn or Jersey City (close to transit so I can commute to NYC for work b/c I have no car).....if I make $35,000 a month can I afford rent at $1200 per month? Also, will I get a decent apartment/community in Brooklyn for this price?
(I don't have any family to help me figure this stuff out, that's why I am asking, thanks).
2007-08-11 14:36:08 · 10 answers · asked by Anonymous in Travel ➔ United States ➔ New York City
*** Sorry! If I make $35,000 PER YEAR not month, lol!
2007-08-11 14:38:08 · update #1
You can't afford $1200 on a $35K/year salary.
Most landlords/brokers calculate it like this: if your yearly salary is 40 times the rent of your apartment or more, you can afford it. So on a $35K salary, you could afford $875/month. However, I know from personal experience that even that is really a stretch unless you are awesome at budgeting.
Also think of it this way: rent should be about 30% of your monthly income. If it's 40%, that's still manageable but tight. If you're only making $35K, $1200/mo. is more like 60%. That's an unmanageable situation.
You can do better than $1200 in Brooklyn and Jersey City. You might want to consider getting a roommate, though.
2007-08-12 04:57:59 · answer #1 · answered by fshk 3 · 0⤊ 0⤋
Do you mean you make $35,000 a year? Is that before or after taxes? You also need to figure in utilities, transportation fees, food etc... $1200 a month for a one br sounds unreasonable to me. Does this include your utilities?
If not, I would look for something less expensive in NJ & commute.
2007-08-11 14:41:03 · answer #2 · answered by Anonymous · 2⤊ 1⤋
That rent is more than a third of your monthly salary. It is usually recommended that you spend 25 to 30 % of your salary for rent. You would be spending more than that and you would be on a very tight budget...esp. if utilities and other expenses are high there.
2007-08-11 15:57:33 · answer #3 · answered by Anonymous · 1⤊ 0⤋
I told you about the apartment we had on prospect place. 35000 may be a little lean to afford 1200 a month plus metro card, utilities, and food.
2007-08-11 17:10:48 · answer #4 · answered by zebj25 6 · 0⤊ 0⤋
Not that i know of in brooklyn the rent cost 1400 or more i live in brooklyn so thats how i know
2007-08-11 21:03:34 · answer #5 · answered by BROOKLYN BABY 1 · 0⤊ 0⤋
That depends. Taxes are a big hit. Utilities add up, too. But yes... you can live on that, but it will be paycheck to paycheck. You won't be starving, so don't think that.
2007-08-11 14:47:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
kinda!! you can. but you can't go out every night or spend lots of cash. you may want to get some place cheaper, just so you're sure you can go out and have a good time
2007-08-11 14:42:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you make 35,000 a month, you can live anywhere you want!
2007-08-11 14:38:41 · answer #8 · answered by Moxie Crimefighter 6 · 0⤊ 2⤋
yes
2007-08-11 14:41:09 · answer #9 · answered by Anonymous · 0⤊ 0⤋
that is some monthly salary...are you a movie star?
2007-08-11 14:38:33 · answer #10 · answered by Anonymous · 1⤊ 0⤋