Is New York Really That Expensive?

Is 80k a good salary in NYC?

You can do quite well in NYC with 80k/year depending.

If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury.

If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury..

Why is New York so expensive?

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.

How much would it cost to buy out New York City?

If residential property accounts for half the stuff to buy in NY (with most of the rest being commercial real estate), then that’s about $10 trillion to buy all the land and physical structures in New York city.

Can you live in NYC on 50k a year?

“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.”

Why is Staten Island so bad?

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.

Why is NYC so dirty?

However, New York is still famously more dirty than other cities. This is due to two reasons. One is a simple design flaw, in which there are very few alleys (despite movies always showing them), so that trash is piled on the street for pickup, instead of hidden out of the way. Seeing trash then encourages more litter.

What is the cheapest state to live in?

MississippiMississippi The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 19% lower than the national average cost of living. Mississippi’s living wage is only $48,537 and has the cheapest personal necessities anywhere in the country.

Is it worth it living in NYC?

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.

Can you live in NYC on 40k?

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.

Is 500k a good salary in NYC?

Originally Answered: Is a salary of 500k USD including food expenses etc, enough money to live in NY? $500,000 annually, even considering NYC expenses, would be rich, and closer to Top 1 Percent territory than Middle Class. Meaning one could live quite well on $500K.

Is food expensive in New York?

While meal prices in New York City can vary, the average cost of food in New York City is $38 per day. Based on the spending habits of previous travelers, when dining out an average meal in New York City should cost around $15 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

What’s the most expensive state to live in?

Most Expensive States To Live In 2020Hawaii. Hawaii is the most expensive state to live in in the United States. … 3. California. California is the third-most-expensive state in the U.S. with notoriously high housing and transportation costs. … New York. … Oregon. … Massachusetts. … Alaska. … Maryland. … Connecticut.More items…

What salary do you need to live in NYC?

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.

What are the disadvantages of living in New York?

11 Cons of Living in New York CityHigh 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.More items…•

Why living in New York is the best?

Living in the city affords one the opportunity to live a lifetime in a day. From a morning run in Central Park, to some of the best food imaginable in the afternoon, to an evening watching world-class theater and comedy. New York really can be like the movies. There is always something calling if you just say ‘yes.

Why is NYC called the Big Apple?

Around 1920, New York City newspaper reporter John Fitz Gerald, whose beat was the track, heard African-American stable hands in New Orleans say they were going to “the big apple,” a reference to New York City, whose race tracks were considered big-time venues. …

How much money should I have before moving to New York?

If you’re moving from within an hour away into the city, expect to spend at least $10,000 the month of your move. Again, you will likely spend more on food and entertainment unless you stay inside. If your move requires a longer drive or air travel, your costs will likely end up somewhere around $14,000.

Is 200k a good salary in NYC?

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.