Discretionary Income in New York City, NY
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Summary and Facts
New York City, NY is ranked 332nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Discretionary Income (for Renters / Monthly)
Gross Salary
$8,333
Taxes
$1,670
Cost of Living
$7,313
Discretionary Income
-$650
The example below demonstrates the Discretionary Income (money left in your pocket) based on a $100,000 annual gross salary, with a basic federal and state income tax calculation and an average cost of living while renting in New York City, NY.
The following table calculates the expected Discretionary Income for each salary bracket in New York City, NY, regardless of household composition or number of income earners.
Salary and Discretionary Income Breakdown
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York Metro, NY |
|---|---|
| $30,000 | -$5,088 |
| $40,000 | -$4,405 |
| $50,000 | -$3,721 |
| $60,000 | -$3,050 |
| $70,000 | -$2,450 |
| $80,000 | -$1,850 |
| $90,000 | -$1,250 |
| $100,000 | -$650 |
| $110,000 | -$51 |
| $120,000 | $532 |
| $130,000 | $1,116 |
| $140,000 | $1,699 |
| $150,000 | $2,282 |
| $175,000 | $3,741 |
| $200,000 | $5,172 |
| $250,000 | $7,714 |
| $300,000 | $10,131 |
| $350,000 | $12,547 |
| $400,000 | $14,964 |
| $450,000 | $17,381 |
| $500,000 | $19,797 |
Discretionary Income in New York City, NY
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Summary and Facts
New York City, NY is ranked 329th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Discretionary Income (for Renters / Monthly)
Gross Salary
$8,333
Taxes
$1,670
Cost of Living
$4,379
Discretionary Income
$2,285
The example below demonstrates the Discretionary Income (money left in your pocket) based on a $100,000 annual gross salary, with a basic federal and state income tax calculation and an average cost of living for singles while renting in New York City, NY.
The following table calculates the expected Discretionary Income for each salary bracket in New York City, NY, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Breakdown
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York Metro, NY |
|---|---|
| $30,000 | -$2,153 |
| $40,000 | -$1,470 |
| $50,000 | -$786 |
| $60,000 | -$115 |
| $70,000 | $485 |
| $80,000 | $1,085 |
| $90,000 | $1,685 |
| $100,000 | $2,285 |
| $110,000 | $2,884 |
| $120,000 | $3,467 |
| $130,000 | $4,050 |
| $140,000 | $4,634 |
| $150,000 | $5,217 |
| $175,000 | $6,675 |
| $200,000 | $8,107 |
| $250,000 | $10,649 |
| $300,000 | $13,066 |
| $350,000 | $15,482 |
| $400,000 | $17,899 |
| $450,000 | $20,316 |
| $500,000 | $22,732 |
Discretionary Income in New York City, NY
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Summary and Facts
New York City, NY is ranked 330th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Discretionary Income (for Renters / Monthly)
Gross Salary
$8,333
Taxes
$1,670
Cost of Living
$6,875
Discretionary Income
-$212
The example below demonstrates the Discretionary Income (money left in your pocket) based on a $100,000 annual gross salary, with a basic federal and state income tax calculation and an average cost of living for couples while renting in New York City, NY.
The following table calculates the expected Discretionary Income for each salary bracket in New York City, NY, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Breakdown
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York Metro, NY |
|---|---|
| $30,000 | -$4,650 |
| $40,000 | -$3,967 |
| $50,000 | -$3,283 |
| $60,000 | -$2,612 |
| $70,000 | -$2,012 |
| $80,000 | -$1,412 |
| $90,000 | -$812 |
| $100,000 | -$212 |
| $110,000 | $387 |
| $120,000 | $970 |
| $130,000 | $1,554 |
| $140,000 | $2,137 |
| $150,000 | $2,720 |
| $175,000 | $4,179 |
| $200,000 | $5,610 |
| $250,000 | $8,152 |
| $300,000 | $10,569 |
| $350,000 | $12,986 |
| $400,000 | $15,337 |
| $450,000 | $17,670 |
| $500,000 | $20,003 |
Discretionary Income in New York City, NY
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Summary and Facts
New York City, NY is ranked 330th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Discretionary Income (for Renters / Monthly)
Gross Salary
$8,333
Taxes
$1,408
Cost of Living
$6,842
Discretionary Income
$83
The example below demonstrates the Discretionary Income (money left in your pocket) based on a $100,000 annual gross salary, with a basic federal and state income tax calculation and an average cost of living for single parents while renting in New York City, NY.
The following table calculates the expected Discretionary Income for each salary bracket in New York City, NY, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Breakdown
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York Metro, NY |
|---|---|
| $30,000 | -$4,550 |
| $40,000 | -$3,856 |
| $50,000 | -$3,173 |
| $60,000 | -$2,490 |
| $70,000 | -$1,806 |
| $80,000 | -$1,123 |
| $90,000 | -$517 |
| $100,000 | $83 |
| $110,000 | $683 |
| $120,000 | $1,276 |
| $130,000 | $1,859 |
| $140,000 | $2,443 |
| $150,000 | $3,026 |
| $175,000 | $4,484 |
| $200,000 | $5,943 |
| $250,000 | $8,517 |
| $300,000 | $10,938 |
| $350,000 | $13,355 |
| $400,000 | $15,772 |
| $450,000 | $18,188 |
| $500,000 | $20,605 |
Discretionary Income in New York City, NY
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Summary and Facts
New York City, NY is ranked 333rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Discretionary Income (for Renters / Monthly)
Gross Salary
$8,333
Taxes
$1,149
Cost of Living
$11,158
Discretionary Income
-$3,973
The example below demonstrates the Discretionary Income (money left in your pocket) based on a $100,000 annual gross salary, with a basic federal and state income tax calculation and an average cost of living for families while renting in New York City, NY.
The following table calculates the expected Discretionary Income for each salary bracket in New York City, NY, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Breakdown
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York Metro, NY |
|---|---|
| $30,000 | -$8,789 |
| $40,000 | -$8,089 |
| $50,000 | -$7,390 |
| $60,000 | -$6,706 |
| $70,000 | -$6,023 |
| $80,000 | -$5,340 |
| $90,000 | -$4,656 |
| $100,000 | -$3,973 |
| $110,000 | -$3,290 |
| $120,000 | -$2,630 |
| $130,000 | -$2,030 |
| $140,000 | -$1,430 |
| $150,000 | -$830 |
| $175,000 | $670 |
| $200,000 | $2,170 |
| $250,000 | $5,117 |
| $300,000 | $8,034 |
| $350,000 | $10,928 |
| $400,000 | $13,749 |
| $450,000 | $16,291 |
| $500,000 | $18,808 |