(Closed) NYC bees with kids, how do you do it? Share budgets!

posted 5 years ago in Home
Post # 16
Member
1891 posts
Buzzing bee
  • Wedding: December 2014

Wow this thread makes me appreciate living in the cheap south! Sounds like we would be in a shoe box in NYC! 

Post # 17
Member
1916 posts
Buzzing bee
  • Wedding: April 2012

I live in Astoria where the rents are a little cheaper.  I think you’ll probably have to budget a little more for childcare, but it’s totally doable.  My husband and I live in a 2BR apartment and are considering at home daycares.  The big daycares are about $2,000+/month and even more in the city.

Just to clarify on the income tax, you need to pay both NY state income tax and NYC income tax.

My daughter is only a month, so I don’t know what our budget will work out to, but everytime I get overwhelmed I just remind myself that there are tons of familes in NYC that make it work on much less in closer quarters.  

  • This reply was modified 5 years, 1 month ago by  .
Post # 19
Member
1916 posts
Buzzing bee
  • Wedding: April 2012

I don’t know what the exact percentage is, but I assume that it depends on your household income.  

Post # 20
Member
653 posts
Busy bee
  • Wedding: May 2014

We do not yet have children, but think about the future in NYC. We have a one bedroom now and would stay with an infant, but would have to move when the baby could crawl/walk. Our apartment is NOT child friendly, and my husband works from home. 

I work in rental real estate on the UES, so I’m pretty familiar with that market. You can find a good two bedroom in a pre-war walk up in our neighborhood for $3000. 

$120k gross is not overly high for a family of three. I would recommend starting with a one bedroom for your first year and seeing how you manage. 

Post # 21
Member
602 posts
Busy bee
  • Wedding: June 2015 - Dreams Las Mareas - Costa Rica

sarahleebee:  Staten Island is a hidden gem… Im 15 minutes from manhattan and brooklyn but the crime is way lower and you get a lot more space for your money.  You can possibly rent a HOUSE for less than 2000.

Its worth looking into… Its a quick ferry ride into manhattan… many people do it every day

Post # 22
Member
302 posts
Helper bee

Everything in the greater NYC area comes at a premium. And I seriously mean everything except for like gas and groceries. Planning a wedding here is basically planning to spend twice what you’d spend for the same thing anywhere else in the country. 

I live in New Jersey and it’s only slightly more reasonable. I really just commented here to let you know that if you, for any reason, were condsindering NJ you would pay state income taxes to BOTH NY and NJ. So on top of federal, and local you’ll be paying two state income taxes. 

 

Good luck!

The topic ‘NYC bees with kids, how do you do it? Share budgets!’ is closed to new replies.

Find Amazing Vendors