New York City is the most popular city in the state of New York and one of the busiest in the world.
New York City estimated (as of 2017) a population of 8,622,600 and boasts some of the toughest boroughs in America. The diverse population of New York City reflects its current and historical role as a major touristic destination for visitors from around the world. The Big Apple is a prominent center for Broadway shows, epic historical sites, exotic events and food, motion picture production, television production, sports, and headquarter to some of the largest companies in the world. Its dynamic cultural impact, which includes numerous entertainment districts, museums and galleries, festivals, national historic sites, and sports activities, attracts over 40 million tourists each year.
New York City is also known for high class and expensive real estate.
New York City builds up. The skyscrapers and high-rise buildings, in particular, one of the tallest free-standing structures in the Western Hemisphere, the One World Trade Center. As a result, the city has no more space to expand with a huge potential in Long Island City. Also, Real Estate companies here in Manhattan live in a very volatile environment with an aggressive market. Studies made comparisons of New York with Boston, San Francisco, Chicago, Los Angeles, and Miami.
For instance, the average price per square foot in Manhattan currently sits at $1,773, according to NeighborhoodX’s analysis. In comparison, San Francisco is a distant second with $1,185/square foot, followed by Boston at $751/square foot, and Los Angeles at $451/square foot.
– Tanay Warerkar from Curbed New York
Here are Population Source 5 Tips to Survive New York City
#1 Tip on How to Make it in New York City
Housing – First of all, you have no choice here. With a yearly budget of $25k you are restricted to; a roommate anywhere in the city, or living above 168th By the way, there are awesome places to live in Washington Heights, Fort Washington, etc. at very affordable prices. Negotiate your contract properly. If you have a good track record you can ask for a reduction in the deposit. Also, try to get 50% of your deposit back after the first year of rent. Try to get an apartment close to the metro for easier accessibility
Air conditioning – “We started with one spot air cooler, instead of two AC’s one in each room (living-room and bedroom). Unfortunately, studio apartments have no choice,” said Peter and Vanessa S., a couple who lives in the Jewish community of Washington Heights. Peter recommended trying to move on the third floor so you can sometimes leave the window open. “If you do”, he added, “make sure to set up a fan pointing outward in one room, and a fan pointing inward in the second room”.
#2 Tip on How to Survive New York
Food – The food category is a bit tricky because people move to New York to experience the culture. Needless to say, food is a great part of the New York experience. You must be ultra-conservative with your expenses in order to survive. New Yorkers are advocates of good life and healthy eating. With that said, it is a bit challenging to keep a healthy diet with a $25k budget considering all your fixed expenses. Thanks to other people’s experiences and health knowledge (some creativity added), we could come pretty close to eating normally. ” *see Foods You Can Afford list and **2 Daily Sample “New York City Tight Budget” Food Schedule.
#3 Tip on How to Make it in New York City
Utilities and Cost of Living – Little Things Count. We’ve had a few interesting experiences along the way. Most of all, we made a tough decision to budget our entire life until things picked up when we moved to New York.
- Get a metro pass for $120. In particular, the pass works for 5 boroughs (if train accessible) and works for buses also
- Cable – Forget it. Get a strong internet package, and add Prime + Hulu Cable. Overall value-added package.
- Air conditioner – We ran the air conditioner on a tight schedule and sometimes up at 72-75 (vs. the 65 I’m used to) after 12:30 pm.
#4 Tip on How to Make it in The Big Apple
Nightlife, Food, and the Entertainment – We believed humans need rewarding. In addition, we believed in unplugging and releasing our stress during the week. Also, we included a small percentage of our salary to a good meal at a restaurant or a few drinks with our friends. There are people who find a job where their company covers the cost of both doing business and having fun. Unfortunately, you cannot allocate more than $350 / month in this kind of entertainment. For us, it was an $87 weekly party budget we could use for dinner @Broadway and 178th or bowling in Times Square.
#5 Tip on How to Make it in New York
Miscellaneous and The B Plan – Finally, catastrophe always happens. We are not able to see the future. Also, New York City is unforgiven and merciless. The city takes and takes all the times and one must be strong to withstand its demands. As a result, you should always be prepared with a savings of at least $5k in the bank. For example, we had to make an unexpected trip to Europe and it was a $4k minimum expense. Consequently, the trip would have been impossible without the backup of some sort of savings. Always be prepared.
As a matter of fact, it is possible to make it in New York City with a budget of $25k per year. Moreover, there are areas of the budget demanding more attention than others. I personally think Food and Entertainment take the biggest toll. Nonetheless, a person must be committed to a budget in order to survive New York City.
*Foods You Can Afford
Here are some healthy foods you can afford to buy with a tight budget in New York City:
- Vegetables. Lots of them. – New York does provide a LOT OF vegetable choices. Also, you can find vegetable stands on the street as well as bodegas and supermarkets.
- Brown rice, also grains
- Beans, lentils, and nuts
- Chicken – surprisingly, meat and fish are fresh and healthy in the city (the organic version) especially the chicken
**2 Daily Sample “New York City Tight Budget”
Breakfast – Yogurt, also fruit
Lunch – Lentil soup and 2 boiled eggs
Dinner – Salad with tuna
Breakfast – Bowl of cereal, fruit
Lunch – Chicken breast, a bowl of vegetable, fruit juice
Dinner – Salad with roasted Brussel sprouts
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