Number of children
2
Ages affect tuition tier, camp costs, and activity expenses.
Housing
Rent / mortgagemonthly
Utilitiesmonthly
Education (per child)
Yeshivah tuitionage-based · /yr
Campage-based · /yr
Tutors / activitiesage-based · /yr
Household & Food
Groceriesmonthly
Housekeeper / nannymonthly
Transportation
Cars + insurancemonthly
Lifestyle & Social
Clothing / events / beautymonthly
Entertainment / dining outmonthly
Travel / vacationsmonthly
Insurance & Health
Health insurance (family)monthly
Life / disability insurancemonthly
Charitable Giving
Donations / tzedakahmonthly
Your estimated budget
$218,400
estimated annual expenses
Pre-tax household income needed
$346,700
12%
of NYC workers earn
this salary or more
this salary or more
NYC wage
percentile
percentile
88th
At this level, both partners typically need professional careers.
Source: BLS Occupational Employment Statistics, NYC Metro 2024
⚑ This budget typically requires dual income — both partners working.
Savings recommendations
Emergency fund (3 mo)$54,600
House down payment (20%)$300,000+
Retirement (15%/yr)$52,000/yr
College / 529$6,000/yr
Investments (10%/yr)$34,600/yr