Development Manager Job in NYC Salary Expectations
In salary conversations with a small/ mid size developer in NYC (mixed use multifamily). I am currently a dev manager in Raleigh, NC. I have 3 years experience, 1 year in the GC/ construction side, and dev manager for 2 years. Undergrad in Engineering, and a certificate in RE. 

I'm currently at 100k + 20% ish bonus. What should I be asking for in NYC. Was thinking around 150-160k? Is that too much of a bump? Seems like it makes sense given cost of living, but I want to make sure I am not leaving anything on the table!
[{"id": "iwd3yol", "text": "You should really look at cost of living indices for Raleigh vs NYC. I think you will be shocked at the difference. I suspect at $160k you will be barely able to get by after rent and basic expenses. Be very careful.", "replies": [{"id": "iwdbn3s", "text": "Barely able to get by is a stretch lol. 150/160k is perfectly fine in NYC, but I'd look a smidge higher.", "replies": [{"id": "iwdvi6d", "text": "I\u2019m referring to OP\u2019s standard of living at $120k in Raleigh, NC versus their possible standard of living in NYC at $160k. This will not be equivalent. Not saying they won\u2019t get by, but maintaining equivalent levels of dining out, entertainment, travel, etc. will be hard.", "replies": [{"id": "iwh4tyz", "text": "I am not a big spender, but I am sure it will go up a decent amount in NYC. I like to go to the gym, walk lots, I love to cook, but I'm sure will try more restaurants being in NYC. I cook 5 days a week and mostly stay home, and go out on Friday night/ or Saturday for a nice dinner, and drinks with friends kinda person. \n\nMy current spend is about 1000$ on rent (for a 1bed1bath haha i get discounted rent from my current job), 100$ on utilities, 100$ medical, and 1500$ on food, going out and travel etc. I save about 3000k a month currently. This is for me alone mostly, with my partner over at my place a lot. \n\nI'd be moving in with him, and he got a new job at 85k, which puts us around 250k combined. Or 14000/mo after tax. Max for rent at 4000$ (Seems quite doable), 250$ utilities, 4000-5000$ combined spend on food, going out, travel etc. This should leave us with 5000k minimum combined savings a month. \n\nThis is my current thinking, or am I seriously lowballing some costs for ways of living?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iwdjs28", "text": "Also important to realize how fast rents went up in 2022, which won\u2019t yet be reflected in data. I know a couple of people in other industries working from home in other cities after their NYC rents went crazy. Yes, they\u2019re up everywhere, but we don\u2019t yet know how variable the % rise was/is between cities.", "replies": [{"id": "iwez4a1", "text": "I\u2019m really hoping a MF development manager has a good handle on rent rates\u2026", "replies": [{"id": "iwfyzpa", "text": "New and maybe redeveloped projects in his or her area, or overall nationally, sure, but they may not have their finger on the pulse of overall rents and costs in rapidly changing economic conditions in a different and very dense established city.", "replies": [], "depth": 4}, {"id": "iwh2hr0", "text": "Haha I got a pretty good handle on it. I'd live with my partner, and we both work, so I think our budget could handle a 3,500-4,000k rent. Combined after tax it looks like we'd have around 14000/mo in NY, so a 4000k rent would put us under 30%.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iwfeqfy", "text": "This is good advice in my experience.  Unless you think you can double or triple your salary over next ten years and have a working spouse earning about the same, NYC will be a tough place to live.  I\u2019m currently in a hcol area, had those comp growth expectations early on, but never really broke through.  Ten years in, it\u2019s been a pretty average career and would have been better off in a lower cost area.  To get a nice place, good schools, etc here it\u2019s $2m+.  Just not gonna happen on &lt;$250k &amp; sole earner.", "replies": [{"id": "iwh1pje", "text": "My partner works as well, and has gotten a job offer in NYC at 85k, which is more than his current 60k. Combined we'd be looking at 250k-275k. We're 26 and 27, so it'll be more of a 5 year timeline in NYC and then see where that takes us before kids etc.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iwdhf3m", "text": "Money aside; from someone who spent a lot of time there and almost moved there in 2021 I would ask if you are mentally ready to live in NYC is the real question? It\u2019s a HUGE adjustment from anywhere else in the USA save for maybe Boston.", "replies": [{"id": "iweqn9c", "text": "As someone who\u2019s lived in the Boston area my whole life and never been to New York, why Boston?", "replies": [{"id": "iweqqkf", "text": "Because the weather is cold and unpredictable and very few people have cars.", "replies": [], "depth": 3}, {"id": "iwey8st", "text": "how have you never been to New York if you\u2019re from Boston", "replies": [{"id": "iwgl31r", "text": "Not only that\u2026 in my 28 years of living this summer was the first time I ever went to the cape", "replies": [{"id": "iwh5g99", "text": "I went to college in Toronto, which is basically colder and calmer New York. I am used to car-free (I prefer it) and the freezing cold haha. I was hoping to actually move to NYC or Toronto, with Boston or Chicago as backups.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iwe0khd", "text": "$150k is first year analyst pay in NYC for REPE. Not sure on dev but I\u2019d assume $150k + 30% + promote should be reasonable", "replies": [], "depth": 1}, {"id": "iwfib5u", "text": "I moved from Montana to New Jersey for a job in NYC about a year ago. I wanted to move, and getting anyone to take a risk on a kid from MT was really difficult, so I effectively took a demotion and lateralled for only a slight raise. Living here is expensive.\n\nMy rent went from $900 / month for a 3 bed to $2,600 / month for a 2 bed. Rents are going up fast, but I'm in a rent stabilized unit. Dining costs are very high - average take out lunch is $12-15, but it can be higher. In addition, there is general lifestyle creep-  my hobbies are very expensive here, going out for drinks with my wife is a $100 proposition, etc.\n\nWith that said. $160k is enough to afford a pretty decent lifestyle in the NY area. You won't be able to spend without thinking, but you won't need to worry about much. \n\nYou sound young, I'd look at apartments in the East Village, Williamsburg, or Downtown Brooklyn. The apartment will be your biggest expense, so see what you can afford and go from there.", "replies": [{"id": "iwfj20r", "text": "I saw someone else mentioned looking at the indices,  I pulled up Sperlings and compared where I lived in MT to where I live now and it really doesn't reflect properly.\n\nMy lifestyle changed quite a bit - I walk a lot (transportation costs way down). I don't need 3 bedrooms, so housing is a bit of apples to oranges. We picked up new hobbies here because we have choices.\n\nIt looks like you're in your mid 20s and asking $160k - I would jump all over that opportunity if you can.", "replies": [{"id": "iwfj3oj", "text": "&gt; apples to oranges\n\nBut you can still compare them.", "replies": [], "depth": 3}, {"id": "iwfj4h0", "text": "SpunkyDred is a terrible bot instigating arguments all over Reddit whenever someone uses the phrase apples-to-oranges. I'm letting you know so that you can feel free to ignore the quip rather than feel provoked by a bot that isn't smart enough to argue back. \n \n --- \n \n ^^SpunkyDred ^^and ^^I ^^are ^^both ^^bots. ^^I ^^am ^^trying ^^to ^^get ^^them ^^banned ^^by ^^pointing ^^out ^^their ^^antagonizing ^^behavior ^^and ^^poor ^^bottiquette.", "replies": [], "depth": 3}], "depth": 2}, {"id": "iwh5qoa", "text": "That was really helpful thanks! I've been looking into Downtown Brooklyn area and Lower East Side, and have found some pretty great places in my price range. I think I might make the leap!", "replies": [], "depth": 2}], "depth": 1}, {"id": "iwipin6", "text": "Here is the annual cel salary survey \n\nhttps://celassociates.com/cel2022compensationsurveyresults.pdf", "replies": [], "depth": 1}]