Can you live in NYC on 20K a year?

Having attended two grad schools in NYC (Columbia & NYU) and also being a native New Yorker, I would say that it is possible to live on 20K if you can find inexpensive housing—most likely by having roommates. Renting any apartment nearly anywhere in NYC is expensive — including the ‘Outer Boroughs.

Is it cheaper to live in New York or LA?

Conclusion: Overall, LA Wins That’s a different story than calling LA “cheaper” than New York. They’re both expensive cities with a higher cost of living than most other places in the US, but what you can get for your money on the West Coast is simply more than the East Coast alternative.

How much do groceries cost per month in NYC?

According to Numbeo.com data from May 2019, groceries in New York City usually cost about $471.34 a month, per person. For the U.S. as a whole, the average is almost $150 cheaper, at $324.20.

How much does it cost to move to New York City?

Population: 8,550.405 (2016 estimate) and 20.2 million in the greater New York metropolitan area. Currency: US Dollar (US$). As of early 2017, £1 = $1.25, €1 = $1.08, $1 CAD = $0.75, $1 AUD = $0.77 1. Moving and Shipping Costs to New York City Below are some sample 2019 container shipping costs to New York City from other major world cities.

How much money do you need to live in New York City?

Emergency fund contributions and short/medium-term savings goals. Retirement contributions, long term savings goals, and debt pay off. 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.

Is it cheaper to live in New York City as a single?

Sure, I’d love if it were cheaper to live in New York City, but by the same token, there are more than enough resources available in the Big Apple to reduce expenses, and even cut out entire expense categories – bye, bye car payments. This sample budget is meant to reflect a comfortable yet frugal New York City lifestyle for a single adult.

How much does it cost to rent an apartment in NYC?

Monthly Rental Prices in New York City 1 bedroom apartment in City Centre: $2000+ 1 bedroom apartment outside the City Centre: $1400+ 3 bedroom apartment in City Centre: $4000+ 3 bedroom apartment outside the City Centre: $2,176+