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2. Which city? NY is very differently situated on costs viz something like Seattle.
3. Any loans we need to know about to offer advice? Any other financial considerations (like sending money home etc.)?
4. Lifestyle expectations from your employer? Staying late would mean cabs and related costs.
Do help us advise you better.
I would say try saving around 15k-20k if you are getting 60k in hand.
Even assuming it's inr it's probably best to do your own research and not look for answers on LI.