Hi, Currently I am working with a Bangalore based firm getting 8Lpa...(i am having 3.5 years of exp). My company is sending me to NYC for couple of years on L1...the package starting is 67k p.a.(without Indian salary) I am a bachelor. Heard that NYC is pretty expensive and just wondering what would be the savings potential...and whether I would be able to maintain the same standard of lifestyle I enjoy in India (eat out everyday in decent places and go out on weekends...live in a separate condo...) in NYC with this package...and still save something? (oops...savings is the main and only reason i want to go to nyc...but at the sametime not at the cost of my lifestyle)... what are the expenses.... ? my client office is in wall street and so i cant afford to stay nearer office also
8L for your experience is very good salary and 67K in NY is also very good salary.Moving to NY is better option.Assuming you are single with not much responsibilities,67K is a very good salary. Many people go even less than this salary but build the confidence in client and asking him for H1-Transfer therby getting more salary and become a permanent employee.
$67K is a pretty decent salary if you're going to be here only for a year. However it will not afford you the same lifestyle that you have in Bangalore right now. If you want to experience living/working in the greater NYC area, this is a great opportunity, you can live comfortably with the $67K. Of course living comfortably means living within a 40 minute commute to work, not having to share your bedroom, all amenities such as cellphone, cable + broadband internet, eating out and a little sight-seeing. And if you don't buy a car (don't!), you might be able to save upto $1000 a month.
Ofcourse you could sacrifice one of more of the above and save more, but it just isn't as much fun ! Hope that helps.
$67K is not much money living in NYC. 100K per year isn't really that much anymore either. When rents cost $2K and up for a halfway decent place, money can be spent very fast. Of course you can live in a place that costs under 1K per month. But from my experience, as soon as you become a professional with a decent salary, it's not usually worth it to live in places where many people either don't work or rarely work. That is never a good thing, especially if you come from outside NYC or outside the US.
On another note, 67K is about $1200 bucks per week before taxes. If you're single, you'll survive and probably be able to save a few bucks. But if you're used to going out every night, eating out a lot and so on, you'll probably need to cut back on this because rent is expensive as well as food and restaurants.
You can save money, but don't expect to be able to save money while eating out at nice restaurants every night and going out to clubs or hanging with friends every night. NYC can get quite expensive really fast if you aren't careful.
posted 13 years ago
thanks a lot for all your replies...it has given me a pretty good perspective about cost @ NY... Thanks again regards