If you base the rule on net income instead of gross income, you&#x27;d need 200k per year to afford it properly.<p>Assumption: 40% is the federal + NY state + NY city income tax for a six-figure earner<p>200K * 0.60 = 120k of net income = 10k&#x2F;month net income<p>3k rent &#x2F; 10k monthly net income = 30% of net income