Is NYC worth the cost of living?
Living here is really, really expensive. In order to live comfortably—defined as spending no more than 50 percent of your income on necessities like housing and food costs—you’ll need to make nearly $87,000 per year, according a 2017 survey of urban living expenses.
Why do people live in NYC if it’s so expensive?
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. Visit Business Insider’s homepage for more stories.
Is it really that hard to live in New York?
NYC is a very difficult city to live in at first, and expensive. Us veterans who’ve made it past the first few tough years are rightly proud of that. It also gives you many rewards with the many things it provides.
How much does it cost to live in New York City?
From a total expenses perspective, I find that $2,000 a month about covers the cost of living here in the city for most. Major differences like living at home or living by yourself will change that tremendously, but many people in this city get by on far less a month.
Why is everything in NYC so expensive?
Another reason why everything in NYC is so expensive is because there isn’t that much space. For example, Manhattan is only 22.6 square miles, and New Jersey is 8,722 ml. There’s another huge difference here. Remember, Manhattan has only limited space.
How much does it cost to live in New Jersey?
For an example, the average rent of an apartment in Manhattan is $3,667. In New Jersey, the average rent for a 1-bedroom apartment is $1,366. Big difference, people!
Why is the rent so expensive in America?
The rent is so expensive because there are so many people, and there is limited space. The landlords make the prices go higher, so they can earn more money. Since there are so many people that want it, they rent the apartment. This is what I think.