Cost of Living in New York

Why Do You Need to Buy a House in 2022?

New York is the most popular state in the USA. With a silhouette of skyscrapers, this state where life flows non-stop adorns the dreams of many people. If you are thinking of living in New York, it is helpful to know the living costs.

Five Boroughs of New York

New York consists of five boroughs: Manhattan, Brooklyn, Bronx, Queens, and Staten Island. Among these regions, Manhattan is the most active and preferred region by tourists. Considered the heart of New York, Manhattan is one of the most important trade centers in the world. Rental prices are a bit high in Manhattan. If you are looking for an affordable apartment, you can find cheaper alternatives in Brooklyn, Queens, and Staten Island. Brooklyn is a region with a particularly young population. Here too, rents increase as the population increases, but it is still a more affordable settlement than Manhattan. You can easily reach Manhattan from other boroughs by subway. For direct transportation from Staten Island to Manhattan, you need to use a ferry. The rent for a two-bedroom apartment ranges from $ 2,300 to $ 4,500 in the New York city center. Prices per square meter to buy an apartment in the city center range from $ 10,919 to $ 20,000. Fort the outside of the center, prices range from $ 5,000 to $ 10,763.

Extra Costs in New York City

Most homeowners work with real estate agents and other brokerage firms. Therefore, you may need to pay a “broker’s fee” when renting a house. This fee is between 10% and 15% of your annual rent.

New York City has an all-season climate. Due to the varying weather conditions of the city, your invoices will also be different depending on the time of year. Bill fees range from $ 100 to $ 250.

Most of the time, you won’t need a car in New York. Metro is the easiest means of transportation in this city. Subway services are decreasing on weekends. For this reason, you may need to check online in advance whether the subway will reach your destination. A monthly transit pass for public transport is $ 127. If you have a car, you will have to pay a parking fee. The monthly parking fee is about $ 650.

For grocery shopping, your average monthly cost will be around $ 500.

As to culture and arts, if you want to visit museums, most museums in New York are free. For the paid ones, there are certain days and hours that you can enter without paying any money.

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