Therefore, $3,000 prepared for renting in NYC is an appropriate amount of money to save prior to moving . Depending on your own needs, the actual amount may differ, but New Yorkers (or renters in any high-demand markets) should , at an absolute minimum, save 3 months of rent prior to moving .
To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.
Tips for moving to NYC alone : Find a job. If you are unfamiliar with NYC , sublet before you sign a lease. Be suspicious of deals that sound too good to be true. Find roommates. Try getting around with Via. Get a good winter coat. Befriend your neighbor. Learn about food delivery services (and use their promo codes!)
The first thing you should know is that it’s a city of extremes. If you’re coming from a smaller place (that’s a given if you’re moving from another U.S. city), living here might feel overwhelming—but it will probably also feel exciting. Though living in New York City isn’t always easy, it’s often thrilling.
Basically you should be able to live comfortably for 5 to 6 months without any extra income on 20K . But if you waste money then maybe you need to learn how to best use it first. Invest some of that money and keep some of it in reserve and always add to it and you should be find.
Many people who want to move to NYC to pursue their dreams question if they should move first, or find a job first. Many face this chicken and the egg conundrum because most can ‘t find a job without living here, but you can ‘t get an apartment without having a job .
“I definitely think you can live comfortably on a salary of $50,000, even in New York City ,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”
Yes you can , you won’t live the life of luxury and you won’t be living on the island, but you can work and live in the five boroughs of NYC on that salary. My first job wasn’t much more than 40k and it was hourly non salary pay without benefits.
$80k is enough technically but it would be a far more comfortable situation to split a place 2 or 3 ways if hell bent on living in Manhattan. Wouldn’t leave you with a lot left over after paying a $2,000 rent bill plus all utilities on your own.
Staten Island gets a bad rep mostly because it was home to the largest landfill on the East Coast for many years. It is also pegged with the unfair stigma of being the playground for members of organized crime.
There are two requirements to being able to afford living in NYC or any big city: Keep your largest expenses (housing and transportation) as low as possible. Prioritize your discretionary spending and track it religiously.
It turns out though, that it is possible to afford living alone in a one-bedroom apartment in New York City ; you just have to live in the right neighborhood to do it. Using data from the ever-handy StreetEasy, DNAInfo has created a barometer about where New Yorkers can afford to live alone , based on their salaries.
17 Things to Know About Moving to New York NYC Really Is That Expensive. You May Have to Pay a Broker’s Fee to Get an Apartment. Rent a Storage Unit or Ditch Some of Your Belongings. NYC Has Some of the Highest Taxes in the U.S. Most People Don’t Own a Car. It Helps to Know the Subway Map. New York Has Beaches. Everyone Walks Really Fast.
Here are a few more affordable neighborhoods in NYC to check out. Washington Heights (Manhattan) Flatbush (Brooklyn) Inwood (Manhattan) Murray Hill (Manhattan) Sunnyside (Queens) Bedford Park (The Bronx) All areas of Staten Island .
New York City is generally considered the most expensive place to live in America. The Numbeo cost of living index uses New York City’s prices as the benchmark for their cost of living calculations, scoring it as 100 out of 100 and expressing other cities’ prices as a percentage relative to what you would pay in NYC .