Kicking it on the Upper West Side Part Two

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

 

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