The cost of living in New York City is 95% higher than the national rates. You’ve always heard that New Yorkers are savvy, so take it from them when they say that if you know where to go and how to be resourceful with your money, you can make it there. All it takes is a little ingenuity and a sense of adventure to take advantage of what the city offers.
Again, it’s all perspective whether or not it’s feasible to live in NY. Refinery 29 suggests investigating neighborhoods that are nice but not as popular. You can also migrate farther away from the city but still within an easy commuting distance to work and play. It’s all up to you!