We’re back with Kicking It, with a second round up of Upper West Siders, where we break down how young, Jewish professionals earn, spend, save and give.
As a reminder: 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
Yearly Salary (includes bonus): $65,000-$75,000
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?:Dad pays for my health insurance
Married: No
Kids: No
Living Situation: Lives with Roommate
EXPENSES:
Total Apartment Rent (per month): $3,200
Individual’s rent portion (per month): $1,650
Savings (per month): $500-$1,000
401(k) Contribution (per month): $500
Medical/ Dental/ Vision (per month): Paid for by parents
Internet/ Cable (per month): $40
Metro Card/ Car/ Transportation (per month): $121.50
Gym Membership (per month): $0
List subscription services and prices (per month): Spotify $10, Ipsy $10
Dates (per month): $50
Seamless/ Eating out (per month): Starbucks – $30, Smoothies- $70
Other Misc. Expenses: Pharmacy/Medications – $30
PERSON #2
Age: 26
Gender: Female
Occupation: Finance
Yearly Salary (includes bonus): $145,000
Married: No
Kids: No
Living Situation: Lives with Roommate
EXPENSES:
Total Apartment Rent (per month): $3,050
Individual’s rent portion (per month): $1,525
Savings (per month): ~$1,000
401(k) Contribution (per month): $600/mo to the 401k, plus my annual RothIRA contribution
Phone Bill (per month): $80
Medical/ Dental/ Vision (per month): $115
Internet/ Cable (per month): $25
Charity (per month): $580
Electric/ gas/ utilities (per month): $75
Groceries (per month): $400
Metro Card/ Car/ Transportation (per month): $150
Gym Membership (per month): $120
List subscription services and prices (per month): New Yorker $5
Dates (per month): See notes
Seamless/ Eating out (per month): $300
Other Misc. Expenses: Gifts ~$100 per wedding, hair salon and waxing ~$180/mo
Anything you want to add about your budget/ monthly spending?: My bf recently moved away, so I’ve recently been spending ~$300/month on transportation. Plus side is, we don’t really go on dates because there’s no time when either of us is just visiting for a weekend so 🤷
Student Loan expenses (per month): $100
PERSON #3
Age: 28
Gender: Male
Occupation: Software Engineer
Yearly Salary (includes bonus): $130,000-$160,000
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?: N/A
Married: No
Kids: No
Living Situation: Lives with Roommates
EXPENSES:
Total Apartment Rent (per month): $5,790
Individual’s rent portion (per month): $1,470
Savings (per month): $1,500
401(k) Contribution (per month): $1,000
Medical/ Dental/ Vision (per month): $80
Internet/ Cable (per month): $20
Charity (per month): Varies
Electric/ Gas/ Utilities (per month): $30
Groceries (per month): $300
Metro Card/ Car/ Transportation (per month): $150
Gym Membership (per month): $780
List subscription services and prices (per month): Magazines/Newspapers: $50
Dates (per month): $400
Seamless/ Eating out (per month): $150
Other Misc. Expenses: INCOME TAXES – way too much. Student loans $600. Other categories: wedding gifts, clothes, entertainment/hobbies. Rest goes into savings
PERSON #4
Age: 27
Gender: Male
Occupation: Private Family Office
Yearly Salary (includes bonus): $175,000-$200,000
Partner’s Yearly Salary (includes bonus): $70,000
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?: Investment Income – variable
Married: No
Kids: No
Living Situation: Lives with partner
How do you and your partner split your rent/ bills?: Rent based off of a sliding scale on salary / shared bills split
EXPENSES:
Total Apartment Rent (per month): $3,700
Savings (per month): $1,000+
401(k) Contribution (per month): $1,400
Phone bill (per month): $40
Medical/ Dental/ Vision (per month): Free from employer
Internet/ Cable (per month): $170
Charity (per month): Variable
Electric/ Gas/ Utilities (per month): $75-100 average per year
Groceries (per month): $500
Metro Card/ Car/ Transportation (per month): N/A
Gym Membership (per month): $80
List subscription services and prices (per month):Streaming Services and delivery services around $100 per month
Dates (per month): Variable
Seamless/ Eating out (per month): $300-$400
Other Misc. Expenses: Dry Cleaning, Apartment Cleaning, other various expenses $250-$500
PERSON #5
Note: This person wrote they live in NYC-unsure where in NYC this person lives
Age: 27
Gender: Male
Occupation: Finance
Yearly Salary (includes bonus): $200,000
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?: N/A
Married: Yes
Spouse’s Occupation: Finance
Spouse’s Yearly Salary (includes bonus): $100,000
Total Combined Salary: $300,000
Kids: Yes, 2
EXPENSES:
Total Apartment Rent (per month): $4,000
Savings (per month): $5,000
401(k) Contribution (per month): $20,000
Phone Bill (per month): $0
Medical/ Dental/ Vision (per month): $0
Internet/ Cable (per month): $0
Groceries (per month): $1,000