"There are people out there who tell you flat out you need at least $200k to live a middle class lifestyle in Manhattan.That probably includes hefty condo fees, eating out a lot, taking taxis, nifty entertainment, travel, and maybe even staff.But as they say, it depends on your lifestyle. "oh, the wealth envyReal estate is expensive in Manhattan. YOu don't have to live in Manhattan to enjoy it....you can live in another borough and take the excellent subways.Of course, most folks in NYC take a taxi to haul things and at night. You can't afford to keep a car in Manhattan....heck, just the garage space might cost you $75,000 to 'buy' or $1000 a month to lease. So, if you don't have a car, a few taxi rides a week are a lot less than just the insurance on a car in NYC, no less the garage space rental and of course, cost of buying and depreciation on a car! Get a life. And yes, if you live in Manhattan, likely you want money to go to the shows...and eat out a few times...and things aren't cheap although you have lots of nifty small restaurants in 'hole in the wall' places that are quite reasonable. It all comes down to what kind of lifestyle you had BEFORE you retire.....if you were spending $150-200K a year, and 'enjoyed it' and want to continue..well, you're going to need that kind of income in retirement if you stay in Manhattan. So what else is new? t.
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