$48,000 a year?? It's not much money, quite honestly. It's very difficult, even in the suburbs of NYC, to find a one bedroom apartment for less than $1,200/month. If you're taking home $3,000 per month, what are you left with after rent, food, transportation, and so on?
And that's a ONE bedroom apartment, with no chance that you might have kids to support.
Good points SB. By the way, do NYC apartment rents usually include utilites?
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