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My cost of living in NYC by age:
24 - $21k
25 - $52k
26 - $35k
27 - $36k
28 - $61k
29 - $30k (through Nov 2020)
Interesting to look back at this now…
24 - $21k
25 - $52k
26 - $35k
27 - $36k
28 - $61k
29 - $30k (through Nov 2020)
Interesting to look back at this now…
Age 25 was the 1st year I made real money and I absolutely fell victim to lifestyle creep. Spent so much $$$ partying / trying to impress ppl I didn't care about.
Fortunately I identified the lifestyle creep and cut my living expenses in half w/o much tradeoff in my social life.
Fortunately I identified the lifestyle creep and cut my living expenses in half w/o much tradeoff in my social life.
My cost of living was highest last year (age 28) but I spent quite a bit of money traveling. It was also my first year living w/o a roommate.
Thinking about it now I can't say I regret it. Especially glad I got to travel with the benefit of covid hindsight.
Thinking about it now I can't say I regret it. Especially glad I got to travel with the benefit of covid hindsight.
The big takeaway:
I rarely regretted money spent on experiences with close friends and family.
Whereas I almost always regretted money spent trying to impress other ppl and playing "status" games.
I rarely regretted money spent on experiences with close friends and family.
Whereas I almost always regretted money spent trying to impress other ppl and playing "status" games.
Lastly:
My biased opinion (obv), the risk/reward for living in a populous city like NYC is super attractive for someone in their 20s. Not everyone has the privilege / ability to do so, but 10/10 would highly recommend it if you do.
My biased opinion (obv), the risk/reward for living in a populous city like NYC is super attractive for someone in their 20s. Not everyone has the privilege / ability to do so, but 10/10 would highly recommend it if you do.
