However, NYC *is* worth living in to many people. If you make over a certain amount, NYC is a playground. You can live in beautiful spaces and it has everything you could possibly want – any kind of food, entertainment, sports, parks, and access.
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.
Almost everything in New York City is about 30% harder than it should be — but there are 8.5 million people who have chosen to make a life here. It is, in fact, possible to survive — and even thrive — among the slow walkers, the surly cab drivers, and the marauding rodents.
New York City is, without a doubt, one of the coolest places on earth. Still, if you’re living there it’s not always so cool, particularly when you have to deal with real life things like job competition. The competition is fierce in NYC and you have to be better than the rest to land the job.
11 Cons of Living in New York City High Rents and Property Costs. The cost of buying real estate is prohibitive to most people, and rent prices are astronomical. Expensive Living Costs. It is an expensive place to live in other ways, too. Fast-Paced. Employment. Traffic. The Weather. Attitude. Familiarity Fatigue.
Here are just some of the pros and cons of working in New York City. Con: Lots of Competition. There are a lot of people in New York City. Pro : Lots of Opportunities. Con: Higher Cost of Living . Pro : Higher Salaries. Con: Transit Complications. Pro : Mobility. Con: Overstimulation. Pro : Great Networking / Social Scene.
“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, easily, but you would have to share an apartment, paying about $750 per month for a room in the outer boroughs and far out in them as well, but at $30,000 your taxes would be low and you might still have $1,000 or so a month left for other expenses.
$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.
It isn’t enough to simply move to a new city without any money . You need a plan in place for how you ‘re going to thrive when you get there. As I prepared to move to New York I thought long and hard about what it was going to take to make a new life in a new place…with no money .
Life, in general, is tricky. But life in New York City can be absolutely terrifying, stressful , and overwhelming — and that’s only the first week you’re there. Most people can pack their bags, get a new job, and succeed in just about any city in America with some grit and determination.
9 Reasons to Love Living in New York City Diversity. One of the city’s greatest attributes is its diversity, and NYC is often thought of as America’s melting pot. Energy. There’s no other city on the planet with an energy that can compete with New York . Inspiration. Convenience. Neighborhoods. Excitement. Landmarks. Opportunity.
Your annual salary of $200,000 would end up being about $96.15 per hour. You’d live pretty good in NYC in fact you’d be able to live in almost every neighborhood in NYC . Rent average from 1,500 a month if you are lucky to 4,000 and higher but you could most likely buy an apartment with that kind of salary .
Conclusion: Overall, LA Wins That’s a different story than calling LA “ cheaper ” than New York. They’re both expensive cities with a higher cost of living than most other places in the US, but what you can get for your money on the West Coast is simply more than the East Coast alternative.
New York City has a reputation for being one of the most expensive cities in the world. New York City’s high cost of living is due to its booming economy and large job market across a variety of industries. Rents in the city are reaching historic rates and 1.5 million New Yorkers are living in poverty.