How much money is enough in your city to live a nice happy life as a single man?
I live in Los Angeles so I'll give my thoughts about my city as a non-owning resident:
Rent: I'd say around $2000/mo for a 1 BR apartment somewhere central.
Car: A used BMW 3 series sedan comes to about 25k, so based on a 36 month finance, that would be about $700/mo
Gas/Insurance: $400/mo?
Going out/eating/partying: $40/day ideally 5 nights a week = $800 monthly
Weekend trips (or vacation budget/savings): $400/month
Clothes: $100/mo
That comes out to about $4,400/month. So you'd need to make about $53,000/year after tax (and that's living without savings), so that would be about $88,000 year, or let's say $110,000/year (if you're saving) in order to live an active lifestyle without any long-term constraints.
I live in Los Angeles so I'll give my thoughts about my city as a non-owning resident:
Rent: I'd say around $2000/mo for a 1 BR apartment somewhere central.
Car: A used BMW 3 series sedan comes to about 25k, so based on a 36 month finance, that would be about $700/mo
Gas/Insurance: $400/mo?
Going out/eating/partying: $40/day ideally 5 nights a week = $800 monthly
Weekend trips (or vacation budget/savings): $400/month
Clothes: $100/mo
That comes out to about $4,400/month. So you'd need to make about $53,000/year after tax (and that's living without savings), so that would be about $88,000 year, or let's say $110,000/year (if you're saving) in order to live an active lifestyle without any long-term constraints.