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Can You Afford To Live In New York City?

by Mark on July 12, 2012

Can You Afford To Live In New York City

Millions of people think about packing up and moving to The Big Apple every single day. It is not called the greatest city in the world for nothing. It has everything to offer, and more. There are a few things that you need to think about before you actually decide to move. The very first thing that you need to consider is the cost of living.

 

 

Can you afford to live in New York City

It can be really difficult to determine how much it will cost to live in a new city if you don’t already live there. There is one easy way to learn a little bit more about New York City. Take a vacation there. Spend a little bit of time on the streets. This will give you a good indication of the cost of living. It may not even be in your budget!

Simple things like a gallon of milk cost much more in the city. Here is what you can expect to pay on some of the more common daily items. A dozen eggs will cost you $3.30. Apples are around $3.70 per pound. An average bottle of wine will cost just over $12.00, and if you smoke you had better quit before you move because a single pack of cigarettes will cost over $12.00. These are just common everyday items, but what about other expenses?

Transportation costs

New York is small and most people choose to walk everywhere. This is great exercise, and it is also a great way to learn a little bit about the city. If you have to drive your own car, the cost of gas is currently around $3.50 per gallon. A monthly buss pass will cost you around $105.00. Getting around in New York City is not all that expensive if you walk, or take public transportation. Avoid taxis. They are expensive.

What about your utility costs

There are other costs that you must factor in as well. The average electric bill for a small apartment is just over $120 per month. High speed internet access will cost just under 50 bucks per month. There are a lot of places that offer free WI-FI, so finding affordable internet is easy.

Housing

Most people that choose to live in New York City live in apartments. The price range of apartments can range drastically depending on where you want to live. A three bedroom apartment in the center of the city will cost almost $5,000 per month. A three bedroom apartment outside of the city will cost you just over $2500 per month. It really makes a difference what part of the city you are going to call home.

If all of these costs fit nicely into your budget, then the next step is to pick a moving company. Movers.net has made finding moving companies that service New York City fast and easy. Don’t forget to factor the costs of moving into your cost of living in New York City. Have fun, and enjoy living in New York City!

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