Ouch! Hopefully it doesn't take you too long to get back on your feet and start enjoying some of the great food around you
I have noticed a trend of posters on here saying they're heading for NY. I'm curious as to the reasoning. Is it because its the biggest, flashiest city? Or is it because of particular career aspirations?
It's a truly fabulous place. It's always 'on' and it has the best of everything in the world, available all the time. Want indie cinemateque at 3 AM? No problem. Want to see the world's best jazz musicians after midnight, on a whim, at a little place down the street? Yep. And the liberal (in the American sense) culture is an attraction for many.
It's also enormously expensive. Sydney doesn't have a patch on the place. We're talking $4000 a month rent for a small 1br in the amenable part of town. If you want to buy in, prepare to pay $3000 per square foot for a condominium (like strata title), or to have $500k down for a $1.2m 1br cooperative (company title). Your maintenance fees and property taxes, if you buy such a place, will likely run $2000 a month.
There are cheaper places in the city, but they don't have the 'always on' thing. They're largely bedroom communities connected to prime Manhattan (below 59th St) by the subway. Most are still nice, like the Upper West Side. But the less you pay, the more you'll be commuting. Most New Yorkers are riding that subway for hours and hours each day.
I personally love it, have lived there, and would live there still if I was a multimillionaire.
Some people don't have a choice.
If you're in fashion, media, design, visual arts, publishing or related fields then it's NYC or nothing. Similarly, if you want to be a the tippy top of finance, law, insurance and so on then NYC is the game. For such people, if their salaries aren't amazing, then NYC quickly turns into a grind.
(It's a similar story for four other cities: SF is where you go if you want to be at the top of the tech game. But it's also monstrously expensive and, in my opinion, nothing too special as a city. Then there's LA for TV and film. Boston for eds and meds. DC for politics. All expensive and grindy for folk of modest means.)
And then, for a certain subset, living quarters mean status. As in, only the best. For them, it's Elite Coastal City (usually NYC) or
nowhere.
Others do have a choice. There are a lot of high-wage, low COL cities out there if you're willing to take the step down.
For instance, if you're to work in a prop shop, commodity outfit or second-tier insurance company, then Chicago will likely give you 90% of the pay and 30% of the cost of living. (It'll also only give you 30% as much
city, but it's a good 30%.) It's where my wife and I ended up. She's in medical research and I'm settling into risk analysis.
She's earning easily as much as she would in NYC, SF, DC or Boston. We live in a giant condo right in the middle of town and are so close to things (jazz, blues, symphony, ballet, galleries, theatre) that we don't even need to take the subway. And for our NY fix, we can stay in a swish hotel in the Village, for a month each year, and still end up way, way,
way ahead.
Other second-tier cities (usually in flyover country) offer similar COL/income ratios, if more limited in options. Philly, Pittsburgh, Minneapolis, Columbus OH, Denver and Portland OR are worth checking out. Seattle is, too, if you're in STEM.
I've left out politics. If high taxes, large public industries, and wealth redistribution grind your gears then NYC, and any other Democratic state/city combination, will be hell on earth. In that case, Dallas, Houston, Raleigh, Charlotte, Nashville and so on are the way to go.
Hope some of that was in some way helpful!