If you’re thinking of making the move to New York City, you’re in good company. But, if you’re ready to make this switch to NYC, you have to be truly prepared. So, here are a few considerations!
The year of 2017 saw a huge population increase as NYC gained 447,000 new residents, according to the city’s latest available figures.
The Big Apple still has the diversity and allure it’s always had, and it shows, whether that be from new workers, retirees or births.
That being said, the culture in New York City is like nowhere else on earth. Other big cities can lay claim to similar energy levels and vibrancy, but the city is unique.
Before you start exploring what New York has to offer, it’s essential that you plan fully to ensure you’re ready before the leap.
The biggest consideration: money
The number one consideration you need to make before moving to NYC is money. New York is not a cheap city; NYC rent averages at $2,698 for a one-bed apartment, or $1,212 for a room. This is already higher than much of the USA and indeed the world, beating out even London’s property market.
This shouldn’t deter you, but should form part of your budgeting. A deposit is likely to be expensive, but if you have a good salary lined up, obtaining the right advice on proper credit options is a potential for giving you some wiggle room.
You will also need a comprehensive budget for your daily outgoings. Groceries can cost up to two times what they do on average in America, and going out is expensive; a mid range meal could charge $40 per head, according to CNBC. This shouldn’t deter you – like living anywhere else, saving money and getting by is a case of being frugal and choosing your luxuries.
Salaries should help, as well. Slate have reported that the average Manhattan salary is $66,000, over $20,000 above the national average.
Understanding the scale of the city
Despite it’s ultra-high-rise, congested-looking nature, New York is also incredibly expansive.
New York’s southern tip, Staten Island, is only 30 miles from the most northerly point, Wakefield; yet traveling on public transport would take 2.5 hours at least.
As a result, it’s not always feasible to pick up a job in Manhattan but expect to commute from what seems like a close direction. Research NYC public transit and don’t overextend yourself – it’s a big city and it’s best to take it slow.
Engaging with the city’s culture
Finally, make sure you have a good idea of New York’s culture. The city reflects its enormous diversity through demographics – 40% are foreign born today, according to World Cities Culture Forum. The result is that no neighborhood is the same and that can be seen on every street corner.
Enjoy the culture, but be aware that your behavior and actions might be different on one part of city to the next and there’s a lot of variety to be seen and enjoyed.
New York City is a place that 8.5million people call home, and hundreds of thousands add to every year. Understanding the cost of the city, the culture of its residents and its scale is crucial to doing well. For someone prepared to take their time, plan and absorb the city, you stand to gain a lot.
Guest Writer: Cindy Trillo
Photo Credit: Courtesy of Redd Angelo
*Last Update on March/2020.*