Living in New York and becoming one of the New Yorkers yourself sound tempting. However, it is not always the case. Living in New York can be overwhelming especially if you come from outside of New York City or even outside of the U.S. Of course, it is possible to live in New York. However, it is highly suggested to learn more about this city first before making decision.

You may not find mountains or beaches in the city but it has other beautiful things you can truly enjoy. There are various remarkable spots and landmarks you get to see once you live in New York. However, it is essential to find out more about the affordability first. How much does it cost to live smoothly and peacefully in New York City?

Living in New York

Living in New York

It is already known that living in New York is expensive. In fact, the city is listed as one of the most expensive cities in the U.S. another surprising fact delivered through data survey is that the cost of living in the city is 22% higher than the national average. It means you should really prepare your finance before deciding to live in New York. To live smoothly and comfortably, you might have to spend 30% to 50% of your income to pay for the rent including other necessities such as food costs and poker at http://45.77.241.123.

There are various accommodation in which you can live comfortably in New York. If you choose to rent a family-sized apartment in Manhattan, you can pay at least $20,000. There is also a chance to rent tiny apartment cost about $2,000 but it is often located in less luxury district. If you choose to buy a home, it is almost impossible because even the New Yorkers themselves are only 32% of them who are truly homeowners. The cost of real estate is expensive especially in Manhattan. You may buy a home located in outer suburbs but the price differences are not that significant to consider.

Living in New York

Groceries

Another living cost you should pay attention to is for the groceries. The problem of groceries in New York is that most of the products are more expensive than the other cities. They are all at least 30% more expensive. To save money while living in New York, you have to be smarter in choosing places to buy groceries. Do not rely only on convenience stores or supermarket chains. You can also buy your necessities from farmer’s markets.

Transportation is also your necessity for living. In New York, owning a car will be most likely to be such a waste. Public transportation is a like a norm in New York. It is more efficient to reach your destination by subway. Taxis are expensive. Renting a parking space is expensive so even New Yorkers themselves are not fancy with the idea of buying a car. Walking and public transportation is the best way to get around the city. Subway or a bus ride in New York costs about $2.75.