imchuckbass58 wrote:Just FYI, it's not actually $6000 you'll save. You're right that your NYC taxes will be ~$6000, but this is offset by the fact that you can deduct that from your federal taxes (savings = $1700). You'll lose this deduction if you don't pay NYC taxes, so the net tax advantage is actually about $4300. Also, assuming living in NJ requires you to buy both a monthly metrocard and a monthly path pass, that's an extra $900/year cost you wouldn't have if you did metrocard alone. So it could be closer to $3500.
As to your actual question, I think it's really personal preference. 40 minutes isn't so ridiculous as to be undoable, but it's long. I personally would not do it (partially because of the commute time, partially because I prefer having easier access to NY bars / restaurants), but it sounds like you're leaning towards it, and I think that's totally reasonable.
So figure you're working 5.5-6 days a week, 275-300 days a year. $3500/275, would you pay ~$13 a day for 50 minutes more time at home?