Submitted by Left_Act_1 t3_11ha3vp in newjersey
Hi everyone! I'm a 27 y/o FL native who moved to Montclair for a job in NYC. I had previously lived in South Jersey (Philly suburb in Camden County) and worked remotely for a Marlton-based outfit. At the time, I accepted the tradeoff of lower suburban COL for fewer opportunities to socialize [in Philly]. However, the economics permitted me to buy a new car in cash, which I needed to travel anywhere in the area. Philly (unlike NYC) is very accessible by car and I ate dinner/hung out there all the time. I also used the car to explore shore points and basically anywhere I wanted to go!
I started working in finance for a NYC-based firm and earn a starting base of $100k flat (bonus TBD). I go to the office up to 2 nonconsecutive days per week.
In my current Montclair residence, I'm looking at a 17% min rent increase for a November renewal. This is a tenable, but unjustifiable cost for an area that socially offers little more for a 20s single male than the cheaper suburb I previously lived in. My current rent is $2400 for a studio (includes $150 parking and amenity fee).
At renewal, I'm considering moving to Nutley (love Italian American food and culture) and potentially having more space for less money without giving up conveniences (in unit-laundry, parking etc.) or Bloomfield. These options would allow me to commute to the city and keep a car.
In the interest of being closer to college friends, other finance opps, and to younger folks in general, I'm weighing selling the car and moving to Manhattan.
I hope that an UES studio w/laundry onsite would cost no more than $2500 (Nov move in). Fortunately, I have enough assets to be comfortable with not initially saving much (emergency fund will be $15k aside from rest of liquid assets).
I'd like to leave the NE within 8-10 years (maybe FL) and would hate to prematurely dump the nearly new car assuming that NYC will offer a better social life.
Can I have a social life and thrive as a single 20s M with no familial ties in North Jersey? Is the move to NYC worth the requisite tradeoffs?
jerseyjitneys t1_jasb14n wrote
Nutley is no more of a young person's town than Montclair is. For a combination of parking, access to the city, cost, and young population, have you looked into Harrison?