Question: How much does it cost to live in NYC after college?

Monthly income: $3,500. Rent: $1,500/month. Average cost of utilities (phone, cable, gas/electric): $150/month. Average cost of groceries: $450/month.

How much does it cost to live in NYC as a college student?

Staying on campus would cost US$9,099 at public, four-year higher education institutions and US$8,664 at private colleges. This means students in New York are paying around a whopping 40 percent more than the national average.

Where should I live after college in NYC?

Below, our top 10 picks for New York City neighborhoods that offer affordability, good times, and commutes you can live with (everyday).

  • Washington Heights. …
  • Bedford-Stuyvesant, Brooklyn. …
  • Jackson Heights, Queens. …
  • Greenpoint, Brooklyn. …
  • Astoria, Queens. …
  • Upper East Side. …
  • Ridgewood, Queens. …
  • Fordham, the Bronx.

How much money do you need to make to live in NYC?

Recommended Salary in New York City

IMPORTANT:  Best answer: What college colors are green and gold?

To live comfortably, a resident would need to earn at least $10,242 monthly before taxes. That’s pretty steep. If you chose to live in the more affordable Bronx borough, you’d need to earn three times the $1,716 monthly rent rate before taxes, which amounts to $5,148.

How do you afford living in NYC as a students?

A Guide for the College Student Living in NYC

  1. Not living in a dorm? Choose the right neighborhood. …
  2. Find a roommate, limit expenses. …
  3. Use public transit. …
  4. Schedule time to socialize. …
  5. Don’t party your way through school. …
  6. Occasionally, get off campus. …
  7. Stay on a budget. …
  8. Be ready to work.

How can I live cheap in NYC?

How to Live Affordably in New York City

  1. Cook more meals at home. …
  2. Maximize your transportation budget. …
  3. Take advantage of NYC Restaurant Week and similar promotions. …
  4. Shop at secondhand stores. …
  5. Scour discount sites like Groupon, LivingSocial and Gilt for deals. …
  6. Visit museums on free admission days. …
  7. Buy in bulk.

Is NYC safe for college?

Manhattan College reported 261 safety-related incidents involving students while on campus in 2019. Of the 3,990 colleges and universities that reported crime and safety data, 3,707 of them reported fewer incidents than this. Based on a student body of 4,232 that works out to about 61.67 reports per thousand students.

Where do most students live in NYC?

Morningside Heights, located north of the Upper West Side but south of Harlem and encompassing the Columbia University campus, is the largest student neighborhood in New York City.

IMPORTANT:  Does College use aluminum bats?

Is New York a good place to live after college?

New York City has long been a popular landing place for recent college grads, so you should know that you’ll be facing a lot of competition for apartments. Of course, it’s not just recent graduates who are combing NYC for apartments—you are competing with other newcomers who may be more established in their jobs.

How much money do you need to move out in NYC?

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.

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.”

Can you live in NYC on 100k a year?

If you live and work in NYC and make a salary of $100,000 per year you can expect to take home about $68,000 per year or 5,600 per month after Federal, State, and Local taxes. This amount may be higher or lower depending on additional payroll deductions such as 401k contributions or health insurance premiums.

Can you live in NYC on 40k?

That’s $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.

IMPORTANT:  Does Alabama waive SAT scores?

How can I live for free in NYC?

6 (Totally Realistic) Ways to Live Rent-Free in NYC

  1. Charge Your Roommates More. …
  2. Live in an RV. …
  3. Find a “Zombie” Home. …
  4. Care for a Historic Home. …
  5. Work in Lieu of Rent. …
  6. Move Into a Homeless Shelter.

What is a middle class income in NYC?

In New York City, a middle class income is considered between $61,000 and $180,000 for a household of three.

Why is rent so high in NYC?

NYC rent is high because of high property prices, higher property taxes, expensive home insurance premiums, high renovation cost, zoning laws, 1994 vacancy decontrol law, biased city regulations, and demand for apartments exceeds supply. You have to think like an NYC landlord to figure out why rent is high here.

Notes for students