NC is a great idea. My best friend is investigating a move to NC right now
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She found new homes for like $250K or less in Charlotte
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NYC is outrageously expensive and most people are not making over $50K solo so they need two incomes to rent or buy a home.
I work in real estate and in the city a decent living space will run you at least $325K (Brooklyn) and that will be junior one bedroom coop (550 sq feet) in a nice neighborhood.
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A 2 bedroom coop (about 700 sq feet) will run you at least $400K (Brooklyn). And lets not even talk about houses
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And the added expense of private schools.
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A friend paid $569K for her 700 sq foot apartment on the upper West Side (Manhattan) like a year ago - 700 sq feet!!!! It's worth like $620K now but still - 700 sq ft & it needed work. Her brother is a contractor though so she got the work done on the cheap.
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A one bedroom rental in a nice area will run $1,500 minimum and studios (400 sq ft) are running $1,100 minimum in the nicer areas. Granted, this is NYC and not Long Island but even a house in Nassau - a starter house, will run what $300K
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Everyone always says how great it is to live in NYC since the city is so close and the attractions so numerous - but most of my friends that say that rarely, if ever, take advantage of Broadway theater, museums, designer shopping, fine dining, late night clubs etc. They are so busy working at their $100K+ jobs to afford their apartments/houses that there is no time for anything else.
Many people that come into my office prequalified to purchase are shocked at the prices. A guy moving from DC called me yesterday about investing in a brownstone and he has $600K to spend......and that will not even get him a fixer upper in a borderline neighborhood in NYC
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We had some college kids from CA come in for a rental this week and the receptionist told them they would probably have 'sticker shock' at the prices in the area. One guy responded that they were paying $895 for a 2 bedroom in CA as if that was expensive
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When she told them our average 2 bedroom runs $2,000 - $2,200 they had 'sticker shock'
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I am a huge proponent of moving out of NYC/Long Island to have the lifestyle you want. You can always come back to visit
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