Cost of Living in New York

 

 

New York's cost of living is the 7th highest in the world, and the standard of living does not parallel the cost, which is why some people get quickly disillusioned when they move to the city. However, if you have a good salary that can support the city's extravagant costs, life can be quite good in the city that never sleeps.

Housing 

Typically, housing costs in downtown Manhattan or boroughs nearer the business districts are a tad more expensive. It'll be best to get a real estate agent to help you search and negotiate the prices for apartments in the city. Monthly rent for a one-bedroom apartment in the city centre costs around USD 2,300, while a bigger three-bedroom space costs around USD 4,500. A place outside the city centre costs around USD 1,300 for a one-bedroom and USD 2,300 for a bigger three-bedroom spread. 

Food

New York opens the doorway to the flavours of the whole world. You can enjoy a New York-style pizza slice, slathered with cheese for just USD 2.00. And the streets of the Big Apple offer more than just pizza. The city is also famous for its hotdogs, cheesecakes, and deli sandwiches. Grab lunch with a friend, and spend about USD 61.67 in a mid-range restaurant. Don't be afraid to splurge a bit at times, and try out NYC's trendier food haunts like Masa or The Standard Grill. 

New York's local markets and grocery stores also offer the option to make your meals at home. And by meals that apply to any dish you may have in mind, from the all-American meal to Asian, to Middle-Eastern, to Greek and Italian. Ingredients of all kinds abound in the city. Food basics such as milk cost about USD 1.69 for a litre of milk, a loaf of fresh bread costs about USD 2.08, and a dozen egg costs about USD 2.13.

Transportation and Utilities

The easiest way to get around the city is by use of the public transport system. Buses and the subway system would be the two most commonly used. 

MetroCards are issued by the New York City Transit Authority for using both, but most especially for using the subway system. Cards are available online, in vending machines at the stations, in grocery stores, and even on newsstands. The starting or base fare is about USD 2.25, for more frequent public transport users, you can get a monthly pass for USD 89.00. 

Keep in mind the basic cost of utilities like electricity, garbage collection, gas, and water is about USD 225.00. Internet connection costs around USD 41.65. 

You may visit the city's transport system website for more info.

 

 

Continue reading:

Cost of Living in the US

Expat Services in New York