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Reasons to Love Living in New York City

New York City is known for its around-the-clock, fast paced lifestyle, which may be overwhelming for newcomers. This relentless metropolis known as "the city that never sleeps," draws those seeking to advance their careers and push their limits. People come to New York City to pursue their dreams, achieve a better life and test the adage "if you can make it here, you can make it anywhere."

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Things to know before moving

While living in New York City may be depicted frequently in popular media, actual life here may not always be as easy. Even though the environment is thrilling and entertaining, it is no surprise for new residents to become a bit overwhelmed with the fast-paced lifestyle. Luckily, with this moving guide, you'll learn why the city is one of the best places to live in the world. 

It's Expensive

The city is considered the most expensive city in the United States to live in; the cost of living is 129% higher than the national average. 

 

Here are some ways to live cheaply and save money while living in New York City:

  • Cook and eat at home more often 

  • Visit discount sites for deals in the city 

  • Find free things to do 

  • Walk or take public transportation

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Buying vs. Renting

Considered overall a safe city compared to other large urban areas in the country, finding a great place to live in New York City is easier than it looks, but be prepared to spend the big bucks, with a housing cost that is 369% higher than the national average. The average monthly rent for those living in New York City can reach as high as $5,100 per month depending on the neighborhood. It's common for tenants to live with a roommate or to rely on a couple of side hustles to afford expenses.

Iconic Food Scene

The food in New York City is out of this world. Eat homemade bagels every morning for breakfast, find pizza on every street corner, and end each day with a big slice of New York cheesecake. Named as one of the top foodie destinations in the country, living in New York City will certainly do wonders for your taste buds. In order to get the most out of the big city food experience, make sure to participate in NYC Restaurant Week which happens twice a year. Featuring more than 300 of the best restaurants in the city, this is a great way to try new foods at an affordable price.

Strong Economy

One to the largest economies in the United States, it is no shock to learn that New York City is also home to the most billionaires in America. With a GDP of $1.7 trillion, its economy would be the tenth-largest in the world if the city was its own country. Known for its successful industries and large companies, most residents can find jobs in technology, finance, insurance, health care, real estate, fashion, journalism, mass media, and publishing. 

Sports Sports Sports!

Home to loyal fans, no matter what sport you love there is a team to support. The teams in the area include The New York Yankees and The New York Mets Major League Baseball teams, The New York Rangers, The Buffalo Sabres, and The New York Islanders National Hockey League teams, The New York Knicks and The Brooklyn Nets National Basketball Association teams, and The New York Giants, The New York Jets, and The Buffalo Bills National Football League Teams. If one of the reasons you're looking to move to New York, NY is for the sports, it's a great reason to do so. 

Outdoor Activities

Even though New York City is described as an urban jungle for its mass amounts of skyscrapers and giant buildings, the city also has access to many popular parks and outdoor activities. With 14 miles of public beaches, there is certainly more to the city than just concrete and busy streets. Plus, the city is only an hour and 42 minutes away from The Hamptons, and four hours and 41 minutes away from the Adirondack Mountains, making for the perfect weekend getaways.

Get to know the boroughs

The city is made up of five separate boroughs that each have their own neighborhoods and distinct way of life. 

Aerial Photo of a City

Manhattan

The most famous borough in New York City known for its skyscrapers and thriving financial district built around Wall Street. The Upper East Side and The Upper West Side neighborhoods are located here. This is the most expensive borough in the city. 

Arjun Baboki Nair

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Fair Housing Notice  Arjun Baboki Nair is a real estate salesperson affiliated with Compass. Compass is a licensed real estate broker and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage. Compass SOP

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