How Can I Live Cheap In NYC?

Can you live in NYC on 40k?

Yes you can.

Depending on whether you don’t mind having a roommate or roommates you can definitely live in NYC or one of the boroughs.

You will need a roommate or two to make your monthly rent affordable and have a somewhat convenient commute to work.

NYC landlords look for your income to be at least 40x the rent..

Is 80k a good salary in NYC?

You can do quite well in NYC with 80k/year depending. … You can do quite well in NYC with 80k/year depending. If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury.

Who owns the most expensive house in New York?

But it has seen price chop after price chop and was most recently listed for $79 million. The home’s billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before.

How can I live cheap in Manhattan?

Budget your expenses ahead of time, and keep your spending in line by tracking what you buy. Try and cook every meal, but treat yourself once in a while. Hand-wash your clothes to avoid ridiculous laundromat fees. Find cheaper alternatives to activities, like Central Park over bottomless brunch.

Can you live in a hotel in NYC?

As everyone else has mentioned, of course it is possible to start living in a hotel in NYC, but it will be significantly more expensive than renting a cheap apartment. Yassa Sloan has provided the definitive answer about the low end options, and many of the others have discussed the high end.

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.

Where is the cheapest place to live near NYC?

You’ll be hard pressed to find a good deal almost anywhere below 180th street in Manhattan, which is why we moved to the Bronx. Some of the more affordable places to live in NYC are Inwood, Sunnyside, Bedford Park, Washington Heights, Flatlands, Jamaica Hills, and almost anywhere on Staten Island.

Can you live in NYC on 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

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.

Is 75k a good salary in NYC?

It’s a good salary. You can live comfortably in a good location and still be able to enjoy yourself and save money. A very big advantage in NYC is that you can find rents pretty much across the spectrum (low to very high) in safe areas based on your financial needs.

How can I live in NYC for free?

6 (Totally Realistic) Ways to Live Rent-Free in NYCCharge Your Roommates More. We would never EVER condone this behavior, but if you’re the kind of person that would overcharge your roommates so you don’t have to pay rent, this is for you. … Live in an RV. … Find a “Zombie” Home. … Care for a Historic Home. … Work in Lieu of Rent. … Move Into a Homeless Shelter.Jun 12, 2015

Can you live in NYC on 30k a year?

It is not feasible to live in Manhattan on $30,000 year. The average one bedroom apartment rents for about (about!) $2,300 from what I have seen, and right from the mouth of a friend who is currently looking to move. I pay $2450 for a one bedroom in Midtown East.