75k is a good salary in NYC.
Nyc has a median annual income of $68,050 and a median home value of $401,000. The average cost to rent an apartment in Nyc is $3,000 per month.
According to PayScale, the average cost of living in Nyc is about 46% higher than the national average, which means that you’ll want to make at least $46,000 before taxes if you want to be able to live comfortably there.
If you earn 75k per year and spend 40% of your income on housing, that would leave you with about 32k per year for everything else—or about 2k per month. If you want your 2k per month to be enough for groceries and utilities as well as entertainment and other costs like transportation or health insurance premiums (which could add up to another 1-2k each), then you should probably earn closer to 85k per year.*
*PayScale notes that this calculation doesn’t account for debt repayment or savings goals; they recommend factoring those in as well when considering whether a job offer meets their standards.
Is 75k A Good Salary In Nyc
A $75,000 salary may not feel like a lot in New York City, but it could get you far elsewhere.
To find out what $75,000 is worth in other US cities, we used Bankrate’s cost of living calculator, a tool that’s helpful if you’re moving to a new city and want to see what how far your current income will go.
The United States Office of Management and Budget has a list of the country’s biggest metros. We pulled the top 25 and plugged them into Bankrate’s cost of living calculator, using a $75,000 income in Manhattan as the constant variable. The calculator did not provide data for some big metros, including Riverside, California.
Below, see how much more a $75,000 salary in New York will get you in 25 other cities.
25. San Francisco, California
What a $75,000 NYC salary is equivalent to: $96,684
24. Washington, DC
What a $75,000 NYC salary is equivalent to: $116,178
23. San Diego, California
What a $75,000 NYC salary is equivalent to: $117,783
22. Boston, Massachusetts
What a $75,000 NYC salary is equivalent to: $118,191
20 (TIE). Los Angeles, California
What a $75,000 NYC salary is equivalent to: $121,561
20 (TIE). Seattle, Washington
What a $75,000 NYC salary is equivalent to: $121,561
19. Portland, Oregon
What a $75,000 NYC salary is equivalent to: $131,699
18. Philadelphia, Pennsylvania
What a $75,000 NYC salary is equivalent to: $142,720
17. Chicago, Illinois
What a $75,000 NYC salary is equivalent to: $146,773
16. Baltimore, Maryland
What a $75,000 NYC salary is equivalent to: $151,197
15. Miami, Florida
What a $75,000 NYC salary is equivalent to: $151,870
14. Denver, Colorado
What a $75,000 NYC salary is equivalent to: $155,611
13. Las Vegas, Nevada
What a $75,000 NYC salary is equivalent to: $157,625
12. Minneapolis-St. Paul, Minnesota
What a $75,000 NYC salary is equivalent to: $157,625
11. Atlanta, Georgia
What a $75,000 NYC salary is equivalent to: $170,721
10. Pittsburgh, Pennsylvania
What a $75,000 NYC salary is equivalent to: $172,972
8 (TIE). Houston, Texas
What a $75,000 NYC salary is equivalent to: $173,676
8 (TIE). Orlando, Florida
What a $75,000 NYC salary is equivalent to: $173,676
7. Charlotte, North Carolina
What a $75,000 NYC salary is equivalent to: $176,919
6. Dallas, Texas
What a $75,000 NYC salary is equivalent to: $177,471
5. Phoenix, Arizona
What a $75,000 NYC salary is equivalent to: $177,842
4. Detroit, Michigan
What a $75,000 NYC salary is equivalent to: $178,961
3. St. Louis, Missouri
What a $75,000 NYC salary is equivalent to: $184,378
2. Tampa, Florida
What a $75,000 NYC salary is equivalent to: $186,190
1. San Antonio, Texas
What a $75,000 NYC salary is equivalent to: $195,361
