What Is The Cheapest Part Of New York To Live In?

Can you live in NYC on 40k?

Yes you can, you won’t live the life of luxury and you won’t be living on the island, but you can work and live in the five boroughs of NYC on that salary.

My first job wasn’t much more than 40k and it was hourly non salary pay without benefits..

Is 200k a good salary in NYC?

Your annual salary of $200,000 would end up being about $96.15 per hour. You’d live pretty good in NYC in fact you’d be able to live in almost every neighborhood in NYC. Rent average from 1,500 a month if you are lucky to 4,000 and higher but you could most likely buy an apartment with that kind of salary.

What is a good salary in Manhattan?

But if you are defining middle class by lifestyle, to accommodate the cost of living in Manhattan, that salary would have to fall between $80,000 and $235,000. This means someone making $70,000 a year in other parts of the country would need to make $166,000 in Manhattan to enjoy the same purchasing power.

What is the ghetto in New York?

The most ghetto neighborhood in New York City is the South Bronx. Despite having being picked up from the 80s look, it’s still very gritty and dirty. Still many shootings, murders, and stabbing as well.

What salary do you need to live in NYC?

To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.

What is the best part of New York to live in?

Battery Park City, Lower Manhattan It is widely considered one of the best places to live in New York City – just close enough to the hustle and bustle of the big city, yet distant enough as to enjoy some peace and quiet at the waterfront.

What is the poorest part of New York?

The BronxThe Bronx is the city’s poorest borough, with a median income of $32,688. Overall crime in the Bronx has dropped 75% since 1990. The Bronx is home to more than a dozen hospitals. The Bronx also has the city’s highest poverty rate?

Can you live in NYC on 60k a year?

Of course you can live on a salary of 60k. It’s easier to do this than in most parts of the U.S., because you don’t need a car or house or tons of furniture here, just a little apartment. Pretty much all you have to pay here is rent, food, and Metrocard. 60k isn’t even a low salary.

Where can I live in NYC for cheap?

How to find a cheap apartment in NYCMake direct contact. The easiest way to save money is to avoid paying a broker’s fee. … Look at bigger apartment buildings. … Face something ugly. … Buy earplugs. … Wait until May. … In fact, wait until winter. … Throw in a little elbow grease. … Find a low-key neighborhood.More items…•

Is 80k a good salary in NYC?

$80k is enough technically but it would be a far more comfortable situation to split a place 2 or 3 ways if hell bent on living in Manhattan. Wouldn’t leave you with a lot left over after paying a $2,000 rent bill plus all utilities on your own.

Can you live in NYC on 30k a year?

Yes, easily, but you would have to share an apartment, paying about $750 per month for a room in the outer boroughs and far out in them as well, but at $30,000 your taxes would be low and you might still have $1,000 or so a month left for other expenses.

Is 500k a good salary in NYC?

$500,000 annually, even considering NYC expenses, would be rich, and closer to Top 1 Percent territory than Middle Class. Meaning one could live quite well on $500K.

Can I live in NYC on 50k?

The cost of rent has steadily increased since then. 50K would be around 3K/month after taxes. Of course you can live on that, but you’ll have to restrict expenses. … If you want to live on Manhattan, you’ll have to share a room, and even that will cost you over $1K just for the room.

Where do rich people live in New York?

Tribeca, a trendy neighborhood in downtown Manhattan, is home to New York City’s richest ZIP code, where the average income of residents is $879,000, Bloomberg reported. It’s the fifth-richest ZIP code in the US, according to Bloomberg’s ranking. Tribeca is “the epitome of downtown cool,” according to StreetEasy.

Are New Yorkers Rich?

A report from Bloomberg found that the top 1% of New Yorkers had a combined $133.3 billion in income in 2018, and paid 42.5% of the city’s total income tax. … Per Bloomberg, one thing keeping the wealthy in the city is access to schooling and education.