What Should Your Future Salary Be?

I just love New York Magazine. It provides me with everything I want to know about New York City, from restaurants to entertainment to politics to fashion. It even has a separate section online for shopping, apart from fashion. How lovely! The writing style is intellectual yet approachable, and if you have a sense of humor, you’ll be sure to catch onto the that of the magazine, as well. Whenever I decide to spend my own money on a magazine subscription and stop mooching off my parents’ regularly delivered issues, New York Magazine will be on the top of my list.

Another thing I love about the publication is their quirky little features, such as it the Choose-Your-Own-Adventure Cost-of-Living Calculator, which is actually looks somewhat like a game.

Choose-Your-Own-Adventure Cost-of-Living Calculator, NYMag.com

I answered the various questions relating to my lifestyle in “the next 10 years” (I pretended it was going to be the next 15-20 years because I’m only 20 now!). Thanks to good ol’ NY Mag, I now know that I need to earn $1 million to live the life I aspire to have one day in New York City. Can you beat me?

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The Cost of… “Living in New York”

As made clear by my previous posts, New York’s cost of living is considerably higher than essentially any place in America. However, the cost of actually living in New York City also must be discussed. In Moving to Manhattan, I explained the differences in rents among the city and to touch upon it a bit more…

Some families choose to sacrifice what they could have in other towns to live in New York. I know a family of 4 living in a one-bedroom apartment. Now, they do live in the heart of the West Village, a dream of many, but I’m sure people usually think the parents would at least want their own bedroom. This family has been doing this since their kids were born, now 8 and 11 years old, and they seem to be perfectly satisfied with their lifestyle. The bedroom consists of a full or queen size bed (I can’t remember which one) for the parents and a bunk bed for the boy and girl.

I don’t know what they rent is, but this is quite the sacrifice to make to live in one of the nation’s most sought-after neighborhoods. They could probably settle for a small house in the surroundings suburbs or get a less expensive, bigger place in a different neighborhood or even borough. I just wonder what will happen when the kids get older and want to bring home their girlfriends/boyfriends… Uh oh.