Discretionary Income in New York City, NY in 2024
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
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.
Monthly Discretionary Income for Renters in New York City, NY
Gross Salary
$8,333
Taxes
$1,670
Cost of Living
$7,313
Discretionary Income
-$650
With a gross annual salary of $100,000 in New York City, NY, you would need to deduct approximately $1,670 per month for taxes. Given that the average cost of living in New York City is $7,313, you would have around -$650 remaining in your pocket each month after expenses.
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 Per Gross Salary Level in New York City, NY in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York City, 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 in 2024
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
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.
Monthly Discretionary Income for Renters in New York City, NY
Gross Salary
$8,333
Taxes
$1,670
Cost of Living
$4,379
Discretionary Income
$2,285
With a gross annual salary of $100,000 in New York City, NY, a single person would need to deduct approximately $1,670 per month for taxes. Considering the average cost of living in New York City is $4,379, singles would have around $2,285 remaining in their pocket each month after expenses.
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 Per Gross Salary Level in New York City, NY in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York City, 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 in 2024
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
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.
Monthly Discretionary Income for Renters in New York City, NY
Gross Salary
$8,333
Taxes
$1,670
Cost of Living
$6,875
Discretionary Income
-$212
With a gross annual salary of $100,000 in New York City, NY, a couple would need to deduct approximately $1,670 per month for taxes. Considering the average cost of living in New York City is $6,875, couples would have around -$212 remaining in their pocket each month after expenses.
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 Per Gross Salary Level in New York City, NY in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York City, 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 in 2024
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
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.
Monthly Discretionary Income for Renters in New York City, NY
Gross Salary
$8,333
Taxes
$1,408
Cost of Living
$6,842
Discretionary Income
$83
With a gross annual salary of $100,000 in New York City, NY, a single parent would need to deduct approximately $1,408 per month for taxes. Considering the average cost of living in New York City is $6,842, single parents would have around $83 remaining in their pocket each month after expenses.
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 Per Gross Salary Level in New York City, NY in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York City, 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 in 2024
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
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.
Monthly Discretionary Income for Renters in New York City, NY
Gross Salary
$8,333
Taxes
$1,149
Cost of Living
$11,158
Discretionary Income
-$3,973
With a gross annual salary of $100,000 in New York City, NY, a family would need to deduct approximately $1,149 per month for taxes. Considering the average cost of living in New York City is $11,158, families would have around -$3,973 remaining in their pocket each month after expenses.
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 Per Gross Salary Level in New York City, NY in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in New York City, 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 |