Living in NYC on $125,000
Here's what $125,000/year gets you across renting, co-op, and condo — calculated using this site's own affordability engine, not a rule of thumb.
These co-op and condo numbers are an income ceiling only — calculated by running $125,000/year through the same DTI limits as the live calculators below, assuming no other monthly debts. They do not check down payment cash, closing costs, or (for co-ops) post-closing reserves against any real savings — those almost always cap the actual number lower than what's shown here. On the Co-op Calculator's own default sample accounts, for example, a comparable income is cash-constrained well below its DTI ceiling. Open a full calculator and enter your real accounts to see your actual max.
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Cash needed to buy at your max
At your max purchase price, here's the estimated cash you'd need at closing — down payment, closing costs, mansion tax if applicable, and (for co-ops) post-closing reserves. This is an estimate, not a check against real savings — the calculators do that.
| Co-op | Condo | |
|---|---|---|
| Purchase price | $348,510 | $435,029 |
| Down payment | $69,702 | $87,006 |
| Est. closing costs | $7,993 | $20,320 |
| Est. reserves (co-op only) | $35,000 | — |
| Total est. cash needed | $112,694 | $107,326 |
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