Manhattan Salary

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

pharm2be

New Member
10+ Year Member
15+ Year Member
Joined
Sep 13, 2007
Messages
1
Reaction score
0
I'm moving to Manhattan after graduation and need to find out some info on retail pharmacist salaries. Any NYC pharm students that have this info? Or anyone know a website that would compile this data?

Thanks!
 
I want to pick up an $800 pair of shoes when I visit.
 
most data that I heard from the top 3 chain (walgreen, cvs, and rite aid) is 50dollars or so, plus a little bit extra if you work in the Bronx. Duane reade (not a stable company in my opinion, and degrading) offer 3-4 dollars more, with the most i heard of being 60 (but the pharmacist is also a cashier there etc).
 
most data that I heard from the top 3 chain (walgreen, cvs, and rite aid) is 50dollars or so, plus a little bit extra if you work in the Bronx. Duane reade (not a stable company in my opinion, and degrading) offer 3-4 dollars more, with the most i heard of being 60 (but the pharmacist is also a cashier there etc).

Haven't heard of the pharmacist/cashier deal, but the rest sounds right.
 
what??? pharmacists get paid hourly wages?
 
it's pretty average compared to the rest of the country, unfortunately. everyone wants to live here so it's a supply vs. demand situation. i think DR offers 120k with sign-ons, but you have to work dreadful shifts. alone. hospitals pay 90k for new grads.
 
Its very gay what CVS does; If its convenient for them to make you salary, they make you salary, if its more convenient to make you hourly, they do that.

IE: If a customer comes in right at closing and has scripts they want now, CVS expects you to stay late and take care of it no ifs, ands or buts and also no extra pay.

But, If its a holiday and you're working a shift with fewer hours than normal or something, they dock you pay how ever much you dont work.

Very stupid indeed.
 
I can only speak for CVS. You are paid hourly. Each full time pharmacist works a set schedule over two-five weeks depending on the volume. You average lets say 42 hours per week. You might work 34,42 & 50 but you are paid your base hours each week.

If a patient comes in at the end, you act like the professional you are and you fill the prescriptions and don't worry about the extra 10-15 minutes.

As for holidays, your information is 100% wrong. If you are a full time pharmacist and your base is 42 hours your store is open 9 hours on the holiday, your pay is as follows:

  • If you are scheduled to work and you take the day off you are paid your base hours. You get the day off with pay. (42 hours)
  • If you are scheduled to work and you work you are paid your base hours+hours worked on the holiday. (51 hours)
  • If you are not scheduled to work and you do not work you get your base hours+8 hours of holiday. (50 hours)
  • If you are not scheduled to work and you work you get paid your base hours+hours worked X2+8 hours of holiday. (68 hours)
 
Not sure if im allowed to let this type of information leak out...but lets just say ur doing relatively well at about 115k/year in manhattan district NYC as a staff RPH...i think pharmacy manager (SP/RXM) is about 125k
 
oh and the schedule...8 hour shifts (walgreens policy), perhaps a 9-10 hour shift on the weekends depending on the store averaging to about 40-42 hrs/week. The shifts are as follows: 8am-4pm, 12pm-8pm, 2-10pm or overnight, which is 10pm-8am 7 days straight on, 7 days off, you work 72 hours, get paid for 80 (biweekly). The day shifts you will rotating through different shifts shared amongst the other pharmacists at that particular location.
 
My information isn't wrong, Ive seen the paystubs of both pharmacists I work with at CVS and just as for fact, last labor day the pharmacist I worked with his paycheck stub showed a deduction of 3 hours of pay due to the holiday.
 
My information isn't wrong, Ive seen the paystubs of both pharmacists I work with at CVS and just as for fact, last labor day the pharmacist I worked with his paycheck stub showed a deduction of 3 hours of pay due to the holiday.
I'd love to see it. They don't deduct anything. The pharmacist reports his own hours. Someone is violating company policy if the hours were deducted. He may have only been paid 9 hours holiday instead of 12, but he was paid his base hours which includes the 12 he was scheduled to work on the holiday. So in effect he worked 9 hours and was paid for 21.
 
Its very gay what CVS does; If its convenient for them to make you salary, they make you salary, if its more convenient to make you hourly, they do that.

IE: If a customer comes in right at closing and has scripts they want now, CVS expects you to stay late and take care of it no ifs, ands or buts and also no extra pay.

But, If its a holiday and you're working a shift with fewer hours than normal or something, they dock you pay how ever much you dont work.

Very stupid indeed.

Apparently, when you work for CVS, you join a Guild. There is an official aggreement between the Guild & CVS with regard to all the benefits. You can look here:

[PDF]
PHARMACY AGREEMENT June 18, 2006 – March 28, 2009 BETWEEN CVS ...

You have to work the day before & the day after the holiday to be paid unless you've had a prior agreement (vacation). I don't see any indication of any salaried pharmacists, but I'm sure there in management.

It does allow at the very end for overtime as required by CA state law, so the example of the 10-15 minutes to do a late rx is paid in CA by CVS at time and 1/2. That is why most pharmacies have signage which indicates that rxs brought in 15 minutes within closing will be done the following day.

I did read through it. Its pretty basic, but the pay seems a bit low. Its appropriate for S CA though. They are lower than we are in N CA, but we are not unionized up here.
 
Apparently, when you work for CVS, you join a Guild. There is an official aggreement between the Guild & CVS with regard to all the benefits. You can look here:

The policy I posted is official CVS policy. It may be superseded in California by any agreement CVS makes with the unions in your state. In non-union states, the policy is as I stated.

Regardless of OT, if the patient comes in at 8:58, you are expected to fill the prescriptions. CVS prefers the patient be happy and even at $50.00 per hour and time and a half they would rather spend the $37.50 for OT for the 15 minutes than have the patient be unhappy.

I had one of my pharmacists refuse a patient at closing time and the patient left the store and since he was a diabetic with multiple complications he took his $8,000.00 per year in sales with him. CVS will gladly pay the $37.50 and not risk losing the $8,000.00

If pharmacists want to be treated as professionals they have to act professional. Doctors don't leave their office right at closing if they have to stay late, they have to stay late. The same goes for us.
 
The policy I posted is official CVS policy. It may be superseded in California by any agreement CVS makes with the unions in your state. In non-union states, the policy is as I stated.

Regardless of OT, if the patient comes in at 8:58, you are expected to fill the prescriptions. CVS prefers the patient be happy and even at $50.00 per hour and time and a half they would rather spend the $37.50 for OT for the 15 minutes than have the patient be unhappy.

I had one of my pharmacists refuse a patient at closing time and the patient left the store and since he was a diabetic with multiple complications he took his $8,000.00 per year in sales with him. CVS will gladly pay the $37.50 and not risk losing the $8,000.00

If pharmacists want to be treated as professionals they have to act professional. Doctors don't leave their office right at closing if they have to stay late, they have to stay late. The same goes for us.

There ya go again Old Timer - pontificating!

You bet doctors leave their offices at closing. I'm married to one (oh - he's just a dentist, but his receptionist says "good morning....doctor sdn's office" when she answers the phone...) - so at least she thinks hes a doctor and I guess so do his patients. They call him drsdn.

He deliberately makes his schedule so he does go out on time. Doctors schedule in emergency visits, if they're good & don't want to piss off their patients. We all know those doctors who keep patients waiting & waiting & waiting..... Thats just poor scheduling & frankly greedy! Even my ob-gyn is on time & out of the office each and every day. Its because he schedules to allow for deliveries (I've had a long talk with him about this since I've worked with him about 20 years). Our internist & cardiologist is just the same - schedules pts & keeps to the schedule. As pharmacists, we can't schedule, but we can control the end. In every area (at least every urban area) there is always a 24 hr pharmacy around. I'd rather send them to my colleague, who works for the "competition" and not have me do it & do it poorly.

I am as professional as my doctor husband & just like him, I give my patients alternatives to the solution. Neither one of us fall all over ourselves to "keep the customer". As a hospital pharmacist, I also know pts are given overnight packs of medications which are put in pyxis....so - those sob stories are usually just that....sob stories.

Sure - you have to pick & choose the patient. If its my regular patient that has been discharged from the hospital & its something for comfort - I won't completely fill the rx. I'll print a label, give him/her a few & fill it the next day & deliver it! That once a day antibiotic, antihypertensive, cholesterol lowering agent - well - that was given in the hospital hours ago.

But - too often, the rx was dated a week ago (oh - that amoxicillin the dentist told me to take) or it was written from the local county health care clinic (which, btw....closes daily at 3pm). So - they've deliberately delayed coming in. Those folks are not likely to take away too much business & they jump from rx to rx anyway. I really don't care. I'd rather have my staff have a good life with their families knowing when they are coming home. I don't fill an rx in the last 15 min of my day & I don't expect the staff to do so either. I'd rather the pharmacy be left clean & orderly for the next day.

Now.....I know you don't keep up with CA, but at least you can read my post carefully. All of CA is not a union state. Only S CA pharmacists are unionized. N CA pharmacists, like myself, are not. But, the ENTIRE state is indeed governed by fair labor laws which REQUIRE employers to pay pharmacists time and 1/2 if the work more than 8 hours in any one day, more than 6 hours without a lunch break or more than 40 hours in one week. This is a STATE law - not a specific agreement with any one company. CVS, Walgreens & Longs all have to abide by the state law.

But, it does appear, it doesn't matter where you work, CVS makes you join a Guild. This Guild looks ever so much like a union to me (altho they don't allow you to strike - funny that!).

But, Old Timer - I AM a professional & very, very good at it. You and I just have differing opinions. You're free to choose what to do & you obviously do. But, please - don't call me unprofessional because I choose differently than you. Thanks!
 
With regards to Manhattan, think cost of living and the pharmacist pay will make a lot of sense. 👍
 
In any case, I rather live upstate where the pay is more. I can always go Bass fishing in the spring, whitewater rafting in the summer, and skiing in the winter. Houses are a lot cheaper, and i am always 2-3 hours away from the city. I am looking into potential houses in the catskill and new paltz region right now. Cheap shopping is only minutes away too. . woodbury rocks compare to park ave or soho.
 
In any case, I rather live upstate where the pay is more. I can always go Bass fishing in the spring, whitewater rafting in the summer, and skiing in the winter. Houses are a lot cheaper, and i am always 2-3 hours away from the city. I am looking into potential houses in the catskill and new paltz region right now. Cheap shopping is only minutes away too. . woodbury rocks compare to park ave or soho.

Good choices. The shawangunk mountains is a nice place to hike, btw. I'm from NYC, and I've never really understood the glory of having a small place on Park Avenue or Soho in the sky, when you could own your own house and have your own land. For a Pharmacist, Soho's really doable... Park Avenue... Not really. New Paltz and the Hudson river valley is the way to go. I'm a big fan of the finger lakes region.
 
Doctors don't leave their office right at closing if they have to stay late, they have to stay late. The same goes for us.
No. Most doctors can plan their work weeks ahead of time. Instead of staying late or working overtime, they just say that they already have an "appointment" scheduled whenever they want off. It's a little too convenient and selfish, in my opinion.
Pharmacies are open all day or even 24 hours a day. Why should we have to stay a minute later after the pharmacy is supposed to be closed? Patients have ALL DAY to drop off or pick up their prescriptions.
Why is it unprofessional for a pharmacist to deny a customer their medicine after the pharmacy is closed whenever a doctor can just schedule themselves off for personal activities?
I wish pharmacists could take two hour lunch breaks, or tell their secretaries that they can't help certain patients just because they don't care to.
 
No. Most doctors can plan their work weeks ahead of time. Instead of staying late or working overtime, they just say that they already have an "appointment" scheduled whenever they want off. It's a little too convenient and selfish, in my opinion.
Pharmacies are open all day or even 24 hours a day. Why should we have to stay a minute later after the pharmacy is supposed to be closed? Patients have ALL DAY to drop off or pick up their prescriptions.
Why is it unprofessional for a pharmacist to deny a customer their medicine after the pharmacy is closed whenever a doctor can just schedule themselves off for personal activities?
I wish pharmacists could take two hour lunch breaks, or tell their secretaries that they can't help certain patients just because they don't care to.

Most pediatricians end up working late regularly. I'd say the same is true for family practitioners. People get sick and patient schedules change.

My daughter was sick the other night and my husband took her to pediatric intensive care. They got out at 8:45 and got to Kroger about 8:55. The pharmacist sent the tech home and stayed to finish up my daughter's antibiotic prescription. I really appreciated that and feel that it is the professional thing to do.

sdn1977 said:
Sure - you have to pick & choose the patient. If its my regular patient that has been discharged from the hospital & its something for comfort - I won't completely fill the rx. I'll print a label, give him/her a few & fill it the next day & deliver it!

At the stores I've worked for, it's the generation of the label and related processing that takes the bulk of the time (scanning the script, typing the directions, etc.) It takes us as long to give three amoxil as it does to give 30. I think I'd personally rather stay 5 minutes late and finish dispensing the prescription than have to deliver it the next day.
 
Most pediatricians end up working late regularly. I'd say the same is true for family practitioners. People get sick and patient schedules change.

My daughter was sick the other night and my husband took her to pediatric intensive care. They got out at 8:45 and got to Kroger about 8:55. The pharmacist sent the tech home and stayed to finish up my daughter's antibiotic prescription. I really appreciated that and feel that it is the professional thing to do.

There's nothing wrong with staying late to fill a prescription. I just get disgusted when people want to pick up their medications at the last minute when they've had the ENTIRE day or days to pick up their prescriptions.

I also get upset when they don't pick up their children's medications, especially the "free" medications. They don't even have to pay with Medicaid; the state or federal gov't pays the entire co-pay. It's just absurd that they don't pick up the medicine!
 
I spent a day last month with a CVS intern manager in the NY area. Last year, they paid $49.50 in Manhattan and $51 in the Bronx. I don't know about the other boroughs, and the offers for this year (for students getting licensed and starting next summer/fall) haven't come out. Might be the same, might be 50 cents/hr more.
 
50 an hr seems low for manhatan.....i know pharmacists who make more than that in smaller cities of ohio , i wouldve thought manhattan would be higher to accomodate COL
 
Most pediatricians end up working late regularly. I'd say the same is true for family practitioners. People get sick and patient schedules change.

My daughter was sick the other night and my husband took her to pediatric intensive care. They got out at 8:45 and got to Kroger about 8:55. The pharmacist sent the tech home and stayed to finish up my daughter's antibiotic prescription. I really appreciated that and feel that it is the professional thing to do.



At the stores I've worked for, it's the generation of the label and related processing that takes the bulk of the time (scanning the script, typing the directions, etc.) It takes us as long to give three amoxil as it does to give 30. I think I'd personally rather stay 5 minutes late and finish dispensing the prescription than have to deliver it the next day.

You have got to be kidding!!!! I handwrite a label - I don't process it at all. The kid needs amox & I give the kid 3 chewie amox - handwritten label & all. What do you think we did in the old days or when the power goes out? I don't care if I get paid - I gave the 3 doses (in fact, the ED or pedi gave the 3 doses probably!) & it can be dealt with the next day.

As to your other "comment" - Old Timer responded to ME - saying if I wanted to be a professional I needed to act as professional. To me - that was a personal attack. Let Old Timer say it was not if indeed it was not. I am as professional as any pharmacist there is!

You are in completely wrong if you thing the same pediatrician who started at 5:30 AM seeing newborns will be the same one who sees your kid at 7PM - they are not working all those hours. They work shifts - I know! My own kid is thinking peds - what is wrong with her????? Group practices, in all specialties work shifts. That is the only thing that keeps them sane - unless you are in some rural burg. If they pass off the newborns to the neonatologist, then the new mom is confused & doesn't understand her baby's need for ranitidine on discharge. The same doctor doesn't do it all. If you think that, you are very,very misguided.

Nope - you come to CA with an 8:55PM rx - you're already at a 24 hr pharmacy (we close at 8PM!!).

And - who are you to say who is taking things personally or not? It seems to me that Old Timer is taking things very, very personally! I don't even have a CVS within 300 miles. What do I care what they do???

I do however care when someone who is 4000 miles from me makes a judgement about how "professional" I am in doing my job.

Lets just keep it professional - which is not making judgments on anyone else decisions. After all - we weren't there. I dont have the same employer as Old Timer (thank the good lord, wherever he/she may be!), but I do have my own pressures.

I have expressed only facts - the facts as presented in the CVS "Guild" agreement. Did you read it???

I don't work under those facts, thankfully, but it is a misrepresentation of Old Timer to not tell the whole story to those who might.

I have also only presented the "facts" as are used by my dental & medical personal friends. Now, you may say those facts are skewed because they are my personal friends, but no more than Old Timer being a CVS employee & presenting a skewed account of CVS's agreement.

Next time you have to leave the pedi's office after 7:30 - he'll/she'll tell you who is open or not. We make it a point to let our prescribers know! That's why I know my presribers by first name.
 
50 an hr seems low for manhatan.....i know pharmacists who make more than that in smaller cities of ohio , i wouldve thought manhattan would be higher to accomodate COL

Seems low to me & I'm just in the 'burbs of CA. I make $56/hr & I'm no great shakes for sure.

Now, granted, I fill rxs for lots of Silicon Valley folks, but they've got the same insurance little people do.
 
You have got to be kidding!!!! I handwrite a label - I don't process it at all. The kid needs amox & I give the kid 3 chewie amox - handwritten label & all. What do you think we did in the old days or when the power goes out? I don't care if I get paid - I gave the 3 doses (in fact, the ED or pedi gave the 3 doses probably!) & it can be dealt with the next day.

OK - you do it that way. Sounds great.
I'm just saying that I'd rather just go ahead and fill it completely and get it done with.

As to your other "comment" - Old Timer responded to ME - saying if I wanted to be a professional I needed to act as professional. To me - that was a personal attack. Let Old Timer say it was not if indeed it was not. I am as professional as any pharmacist there is!

I'm not sure that this will make you feel any better, but I really don't think he meant it as YOU need to be more professional - but you are right that we don't know his motivations.

You are in completely wrong if you thing the same pediatrician who started at 5:30 AM seeing newborns will be the same one who sees your kid at 7PM - they are not working all those hours. They work shifts - I know! My own kid is thinking peds - what is wrong with her????? Group practices, in all specialties work shifts. That is the only thing that keeps them sane - unless you are in some rural burg. If they pass off the newborns to the neonatologist, then the new mom is confused & doesn't understand her baby's need for ranitidine on discharge. The same doctor doesn't do it all. If you think that, you are very,very misguided.

:laugh: I live in an urban area. We use a two-person practice and I'm pretty sure I understand their schedules.

And - who are you to say who is taking things personally or not?

Let's just say I can tell when someone is taking things personally. Usually one clue is that they get very upset when someone disagrees with them and take it as a personal affront. Or when someone quotes one of their posts and then makes a point they don't like - it gets labeled a "personal attack." Another good clue is the use of !!! or ??? which can be interpreted to mean someone is extra emphatic or incredulous in making their point. But I can't give away all my "intent interpretation" secrets this early in the morning. 🙄

All I was saying when I suggested we "keep the discussion civil" is that we can agree/disagree with each other while keeping the topic focused on the debate, and not on the people participating in the debate. I stand by that.
 
stick with the hudson valley. metro north runs until 11 pm....you can commute pretty easily.
depending on where you are...you can drive to the city in an hour and be at woodbury in less than half an hour.
 
OK - you do it that way. Sounds great.
I'm just saying that I'd rather just go ahead and fill it completely and get it done with.



I'm not sure that this will make you feel any better, but I really don't think he meant it as YOU need to be more professional - but you are right that we don't know his motivations.



:laugh: I live in an urban area. We use a two-person practice and I'm pretty sure I understand their schedules.



Let's just say I can tell when someone is taking things personally. Usually one clue is that they get very upset when someone disagrees with them and take it as a personal affront. Or when someone quotes one of their posts and then makes a point they don't like - it gets labeled a "personal attack." Another good clue is the use of !!! or ??? which can be interpreted to mean someone is extra emphatic or incredulous in making their point. But I can't give away all my "intent interpretation" secrets this early in the morning. 🙄

All I was saying when I suggested we "keep the discussion civil" is that we can agree/disagree with each other while keeping the topic focused on the debate, and not on the people participating in the debate. I stand by that.

wow - someone got up on the crabby side of the bed.....

I promise to keep my !!! & ??? to a minimum!!!😉

Thats just the way we are in our kinds of "urban" settings where there are no two person pedi practices (I looked) & definitely in the one pedi intensive care (were you thinking urgent care??? ooops, there I go again, being personal - even so, mine has 4 pediatricians who are on rotating staff, mostly residents). I guess Kentucky must be that much more ahead of CA that everyone justs stays late to help everyone else. Fortunately, our urgent care facilities dispense the overnight doses - all packaged up by our pharmacy techs in the hospital.

Just don't get sick when you visit here😀.
 
I only read the first 2 posts on this thread...

I'm moving to Manhattan after graduation and need to find out some info on retail pharmacist salaries. Any NYC pharm students that have this info? Or anyone know a website that would compile this data?

Thanks!

I'm across the Hudson River from Manhattan right now...would you like me to go and ask a pharmacist what the salary is?

I want to pick up an $800 pair of shoes when I visit.

When I was here during last Christamas, I was walking around Manahattan in my dress shoes...and was starting to hurt my feet. So I stopped at a shoe store and picked up a $20 pair of shoes...
 
When I was here during last Christamas, I was walking around Manahattan in my dress shoes...and was starting to hurt my feet. So I stopped at a shoe store and picked up a $20 pair of shoes...
So are you just cheap or thrifty? :meanie:
 
Seems low to me & I'm just in the 'burbs of CA. I make $56/hr & I'm no great shakes for sure.

Now, granted, I fill rxs for lots of Silicon Valley folks, but they've got the same insurance little people do.

my store in Pa where i intern, the pharmacist make 51.50 per, so the manhattan salary really surprises me
 
my store in Pa where i intern, the pharmacist make 51.50 per, so the manhattan salary really surprises me
I think it's surprising, too, but it's ruled by supply and demand. They can pay a lower rate and still have enough pharmacists because it's still an attractive place to live. Pehaps CVS is on the lower end of the NYC range--perhaps the other chains pay a bit more.
 
The policy I posted is official CVS policy. It may be superseded in California by any agreement CVS makes with the unions in your state. In non-union states, the policy is as I stated.

Regardless of OT, if the patient comes in at 8:58, you are expected to fill the prescriptions. CVS prefers the patient be happy and even at $50.00 per hour and time and a half they would rather spend the $37.50 for OT for the 15 minutes than have the patient be unhappy.

I had one of my pharmacists refuse a patient at closing time and the patient left the store and since he was a diabetic with multiple complications he took his $8,000.00 per year in sales with him. CVS will gladly pay the $37.50 and not risk losing the $8,000.00

If pharmacists want to be treated as professionals they have to act professional. Doctors don't leave their office right at closing if they have to stay late, they have to stay late. The same goes for us.

Wow, you must not know many doctors. They are MANY MANY doctors who leave and turn away patients. Doctors simply tell them tmmrww morning.

However, people cant come after closing without any call or notice and except a Pharmacist to not be mad.

And also acting professional would be leaving on time. Now acting sensitive or caring would be to stay late and help patients. Professional people care about organization, the job, and the money. Caring people care about the person and how he/she is doing. So that whole professional thing is just wrong. Its more about caring.
 
I think this tangential issue of whether doctors stay 'late' in their offices has been exhausted.

Manhattan salaries pay well, but that Upper East Side loft you're dreaming of may not be in your future, just doing retail...
 
Manhattan salaries pay well, but that Upper East Side loft you're dreaming of may not be in your future, just doing retail...

Exactly. I was surprised the rates are what they are, but they are still live-able for Manhattan; especially if you have 2 people bringing in that salary. Everyone always thinks Manhattan is so expensive...but I think a lot of people make it more expensive than it needs to be.

Do you want a car here? Do you want to pay 300-500/month to keep it in a garage, plus the car payment itself, plus insurance? That adds up fast and you don't need it!! A car in Manhattan is one of the dumber things I've heard of; you don't need it,and that's a huge cost savings right there over other parts of the country. See how it starts to balance out? So, if you try to live like a suburbanite in the big city, it will cost you. Just adapt and be urban and save some money.

Do you want kids? If so, I'm not surprised you can't afford Manhattan on a pharmacist's salary. Kids mean you'll need a bigger place, and real estate is certainly expensive here--I don't argue with that. Kids themselves also cost money: food, toys, clothes, education, babysitters for when you want to go out and enjoy all the city does have to offer.

Do you want a ridiculously large apartment? Do you want to keep all your stuff? Again, you probably won't be able to afford what you want. In Manhattan, you can get by with a smaller place because so much of the living is done outside of the apartment...you meet friends at restaurants and bars instead of hosting dinner parties; you chill at your favorite bookstore or the park; you work/study at your favorite coffeeshop instead of in your livng room; you get out there and explore the city instead of being a homebody. What do you need all that space for if you're rarely at home?

Sorry for my rant...I just have very strong urban opinions. 🙂
 
just curious, how much would a small loft in downtown NYC cost?
 
$2,500-3,000 rent. $750,000-1,000,000 buy. I lived in NYC for 8yrs with my parents. Its crazy expensive...I also went to NYU for 1yr and paid $1,400/month to share a small bedroom.
 
Exactly. I was surprised the rates are what they are, but they are still live-able for Manhattan; especially if you have 2 people bringing in that salary. Everyone always thinks Manhattan is so expensive...but I think a lot of people make it more expensive than it needs to be.

Do you want a car here? Do you want to pay 300-500/month to keep it in a garage, plus the car payment itself, plus insurance? That adds up fast and you don't need it!! A car in Manhattan is one of the dumber things I've heard of; you don't need it,and that's a huge cost savings right there over other parts of the country. See how it starts to balance out? So, if you try to live like a suburbanite in the big city, it will cost you. Just adapt and be urban and save some money.

Do you want kids? If so, I'm not surprised you can't afford Manhattan on a pharmacist's salary. Kids mean you'll need a bigger place, and real estate is certainly expensive here--I don't argue with that. Kids themselves also cost money: food, toys, clothes, education, babysitters for when you want to go out and enjoy all the city does have to offer.

Do you want a ridiculously large apartment? Do you want to keep all your stuff? Again, you probably won't be able to afford what you want. In Manhattan, you can get by with a smaller place because so much of the living is done outside of the apartment...you meet friends at restaurants and bars instead of hosting dinner parties; you chill at your favorite bookstore or the park; you work/study at your favorite coffeeshop instead of in your livng room; you get out there and explore the city instead of being a homebody. What do you need all that space for if you're rarely at home?

Sorry for my rant...I just have very strong urban opinions. 🙂

yea good points, i love nyc, but i know its not worth to live there....
 
if it costs 1mil to buy, who is buying? Who makes that kind of money? I guess we would all have to start our own pharmacies and hope for success to afford that kind of real estate
 
if it costs 1mil to buy, who is buying? Who makes that kind of money? I guess we would all have to start our own pharmacies and hope for success to afford that kind of real estate

This might sound crazy to you, but not everyone can afford to by a place in NYC.

Also, not everyone has to/wants to live in downtown Manhattan. Its much cheaper to live/buy in other parts of NYC like BX, BK, Queens and other parts of Manhattan like mid town and Harlem

Another thing to consider is that 100k yr salary is the norm in NY. Like drugdealer said, you can stretch that out, but don't expect to be living like a king, or even upper class.

Oh, and P.S. i know many people that own close to mil apartments, and don't make a ton of money...its called a mortgage.
 
if it costs 1mil to buy, who is buying? Who makes that kind of money? I guess we would all have to start our own pharmacies and hope for success to afford that kind of real estate

wall street hot shots, investment bankers, financial consultants, doctors, sucessful lawyers + others are some who buy
 
Top