Kicking It On the Upper West Side: What S&Kers Earn, Spend, Save and Give

We’ve recently had a lot of conversations on the Instagram revolving around finances. And it got a lot of followers wondering. How is everyone making it work? Can people afford rent? Are people getting help? Are people saving? Is everyone else making bank? Is everyone else struggling?

So we’re starting a new series: Kicking It, where we break down how young, Jewish professionals earn, spend, save and give.

I’m breaking it down by community, because I think people make a lot of assumptions about different communities and what it takes to live in those areas, and I think it might be interesting to see how things are actually playing out.

The link to the form of questions is here: https://forms.gle/L7BZBYQa5HHRidzA7.  If you are a young, Jewish Professional in your 20’s/30’s, feel free to fill it out. As we collect more data, I will continue to share it. You can also check the form to see all the questions that were asked.

Please note that not everyone filled out the forms completely. Some people might not have known all the information or they might not have felt comfortable sharing all of the data. If a question is omitted from a person’s submission, it is because they left it blank.

Person #1

Age: 27

Gender: Female

Occupation: Student/ Hospital Admin

Yearly Salary (includes bonus): $19,000 (estimate-part time)

Married: No

Kids: No

Living Situation: Lives with Roommates

EXPENSES: 

Total Apartment Rent (per month): $5,640

Individual’s rent portion (per month): $1,335

Savings (per month): Was $100 when working full time

Medical/ Dental/ Vision (per month): Medicaid!

Internet/ Cable (per month): $15

Charity (per month): $20

Electric/ Gas/ Utilities (per month): $25

Groceries (per month): $200

Metro Card/ Car/ Transportation (per month): $121.50

Gym Membership (per month): $35

Dates (per month): $20

Seamless/ Eating out (per month): $100

Anything you want to add about your budget/ monthly spending?: I have an itemized budget that I update each month. I  am living off savings now since I’m in school.

Person #2

Age: 22

Gender: Female

Occupation: Operations Manager at a Nonprofit

Yearly Salary (includes bonus): $45,000

Do you have another form of income in addition to your day job (i.e. additional job, help from family members etc)? If so, how much money do you make/ get from that?: Only help I get is that my parents pay for my phone bill

Married: No

Kids: No

Living Situation: Lives with Roommates

EXPENSES: 

Total Apartment Rent (per month): $4,000

Individual’s rent portion (per month): $1,200

Savings (per month): $300

401(k) Contribution (per month): Haven’t set it up yet – just started working last month

Phone Bill (per month): $0

Medical/ Dental/ Vision (per month): $50

Internet/ Cable (per month): $10

Charity (per month): $10

Electric/ Gas/ Utilities (per month): $15

Groceries (per month): $200

Metro Card/ Car/ Transportation (per month): $127

Gym Membership (per month): $0

List subscription services and prices (per month): $0

Dates (per month): $200

Seamless/ Eating out (per month): $200

Anything you want to add about your budget/ monthly spending?: I am also paying $400/month toward my college loans

Person #3

Age: 26

Gender: Female

Occupation: Social Worker

Yearly Salary (includes bonus): $59,000

Married: No

Kids: No

Living Situation: Lives with Roommates

EXPENSES: 

Total Apartment Rent (per month): $4,570

Individual’s rent portion (per month): $1,400

401(k) Contribution (per month): 10% of my salary

Medical/ Dental/ Vision (per month): $0 – union health benefits FTW!

Internet/ Cable (per month): $90

Electric/ Gas/ Utilities (per month): Depends on the month! Summer more than winter

Groceries (per month): $300

Metro Card/ Car/ Transportation (per month): $122

List subscription services and prices (per month): $40

Seamless/ Eating out (per month): $150

Person #4

Age: 27

Gender: Female

Occupation: Partner Manager at tech company

Yearly Salary (includes bonus): $75,000-$100,000

Married: No

Kids: No

Living Situation: Lives with Roommate

EXPENSES: 

Total Apartment Rent (per month): $3,250

Individual’s rent portion (per month): $1,600

Savings (per month): ~$500

401(k) Contribution (per month): 6%

Medical/ Dental/ Vision (per month): $0-covered completely by my company

Internet/ Cable (per month): $70

Charity (per month): Do this on an annual basis around $1,500. Definitely want to increase this YOY

Electric/ Gas/ Utilities (per month): $55 average-some months higher and lower

Groceries (per month): $220

Metro Card/ Car/ Transportation (per month): $150

Gym Membership (per month): $65

Subscription Services (per month): Amazon $100/year, AMC $20, ClassPass $47

Dates (per month): $20

Seamless/ Eating out (per month): $150

Miscellaneous Expenses (per month): Shopping: $250

Anything you want to add about your budget/ monthly spending?: Budget fluctuates based on travel schedule as well as season. Spend more money in the summer because it’s easier to go out

Person #5

Age: 25

Gender: Male

Occupation: Consultant

Yearly Salary (includes bonus): $80,000-$100,000

Do you have another form of income in addition to your day job (i.e. additional job, help from family members etc)? If so, how much money do you make/ get from that?: Not that aren’t invested money

Married: No

Kids: No

Living Situation: Lives with Roommates

EXPENSES: 

Total Apartment Rent (per month): $4,500

Individual’s rent portion (per month): $1,500

Savings (per month): $1,500

401(k) Contribution (per month): None available yet

Phone Bill (per month): $0

Medical/ Dental/ Vision (per month): $50

Internet/ Cable (per month): $15

Charity (per month): $75+

Electric/ Gas/ Utilities (per month): Summer:$50, Winter: $20

Groceries (per month): $100 (parents drop off sometimes b/c it’s cheaper in the suburbs)

Metro Card/ Car/ Transportation (per month): $127

List subscription services and prices (per month): Spotify family (covered by family) other account shares not paid by me

Dates (per month): average $40-$75

Seamless/ Eating out (per month): <$50/ week

Anything you want to add about your budget/ monthly spending?: Clothes- ~$150/month activities (movies,going away weekends, etc) ~$100/month but ranges; spending on others’ wedding $75 avg (includes transit and gift) close friends $250+ easily

Person #6

Age: 25

Gender: Female

Occupation: Law Student

Yearly Salary (includes bonus): $40,000 for my Summer Job

Married: Yes

Kids: No

Living Situation: Lives with husband

Partner’s Occupation: Business Development

Partner’s Yearly Salary (includes bonus): $50,000

How do you and your partner split your rent/ bills?: We treat both our money as the same

Do you have another form of income in addition to your day job (i.e. additional job, help from family members etc)? If so, how much money do you make/ get from that?: My husband does a lot of side hustles but nothing consistent

Combined Yearly Salary: $90,000+

EXPENSES: 

Total Apartment Rent (per month): $2,000

Savings (per month): Most months nothing

Internet/ Cable (per month): $80

Groceries (per month): $400

Person #7

Age: 28

Gender: Female

Occupation: Associate at Private Wealth Management Firm, Going to Law School

Yearly Salary (includes bonus): $103,000

Married: No

Kids: No

Living Situation: Lives with Roommate

EXPENSES: 

Total Apartment Rent (per month): $3,050

Individual’s rent portion (per month): $1,565

Savings (per month): No idea

401(k) Contribution (per month): $404

Phone Bill (per month): $40

Medical/ Dental/ Vision (per month): $140

Internet/ Cable (per month): $70

Electric/ Gas/ Utilities (per month): $90

Gym Membership (per month): $90

Anything you want to add about your budget/ monthly spending?: I don’t have a number by number breakdown (I have a spreadsheet, and I check my checking account to make sure I’m tracking that way)

Person #8

Age: 30

Gender: Female

Occupation: Nurse Practitioner

Yearly Salary (includes bonus): $115,000

Married: No

Kids: No

Living Situation: Lives with Roommate

EXPENSES: 

Total Apartment Rent (per month): $3,795

Individual’s rent portion (per month): $1,825

Savings (per month): $1,000

401(k) Contribution (per month): $400

Phone Bill (per month): $0

Internet/ Cable (per month): $34

Electric/ Gas/ Utilities (per month): ~$50

Groceries (per month): $200

Gym Membership (per month): $15

Seamless/ Eating out (per month): $300

Person #9

Age: 30

Gender: Male

Occupation: Doctor

Yearly Salary (includes bonus): $120,000

Do you have another form of income in addition to your day job (i.e. additional job, help from family members etc)? If so, how much money do you make/ get from that?: No

Married: No

Kids: No

Living Situation: Lives alone

EXPENSES: 

Total Apartment Rent (per month): $2,500

Person #10

Age: 28

Gender: Male

Occupation: Non-Profit

Yearly Salary (includes bonus): $142,140

Married: No

Kids: No

Living Situation: Lives with Roommates

EXPENSES: 

Total Apartment Rent (per month): $3,800

Individual’s rent portion (per month): $1,300

Savings (per month): $3,000

401(k) Contribution (per month): $2,900

Phone Bill (per month): $0

Medical/ Dental/ Vision (per month): $110

Internet/ Cable (per month): $70

Charity (per month): $570

Electric/ Gas/ Utilities (per month): $30

Groceries (per month): $50

Metro Card/ Car/ Transportation (per month): $50

Gym Membership (per month): $300

Subscription Services (per month): Netflix – $7 (split with a friend)
NYT – $7 (split with apt), The Atlantic – $8

Dates (per month): Not enough…

Seamless/ Eating out (per month): $500

Person #11

Age: 26

Gender: Male

Occupation: Real Estate

Yearly Salary (includes bonus): $140,000-$150,000

Do you have another form of income in addition to your day job (i.e. additional job, help from family members etc)? If so, how much money do you make/ get from that?: $600 a month dividend

Married: No

Kids: No

Living Situation: Lives with Roommates

EXPENSES: 

Total Apartment Rent (per month): $4,700

Individual’s rent portion (per month): $1,575

Savings (per month): About $3,000

401(k) Contribution (per month): $1,500

Phone Bill (per month): $0

Medical/ Dental/ Vision (per month): $180

Internet/ Cable (per month): $50

Charity (per month): $5,000 per year

Electric/ Gas/ Utilities (per month): $50

Groceries (per month): $320

Metro Card/ Car/ Transportation (per month): $0

List subscription services and prices (per month): Use friends and family

Gym Membership (per month): $240

Dates (per month): $250

Seamless/ Eating out (per month): $500

Miscellaneous Expenses (per month): $200: Clothing, wine, Uber

 

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