Living in NYC comes with a price tag that reflects its vibrant lifestyle. The cost of living in New York City is 95% higher than the national average. However, with resourcefulness and budgeting, you can survive and even thrive there. All it takes is a little ingenuity and a sense of adventure to take advantage of what the city offers.

Cost of Living in NYC

While the overall cost of living in NYC is high, if you budget and allocate your resources well, one can manage the challenges that are associated with the city’s high living expenses. Here are some average monthly expenses you can expect living in NYC:

Expenses Average Monthly Cost
Rent (1 bedroom apartment) $2,500-$4,500
Utilities (heating, electric, etc.) $100-$300
Groceries $400-$600
Transportation (Public Transit) $100-$150
Dining Out $300-$500
Internet and Cable $75-$150
Health Insurance $400-$600
Fitness Membership $50-$150
Entertainment $100-$500
Miscellaneous (clothing, etc) $200-$400

Choosing a Neighborhood Can Make All the Difference

Refinery 29 suggests investigating neighborhoods that are nice but not as popular. These areas often provide a more reasonable cost of living while still having easy access to the city’s energy and opportunities. Some neighborhoods include:

  • Astoria, Queens
  • Washington Heights in upper Manhattan 
  • Inwood in upper Manhattan
  • Elmhurst, Queens
  • Bushwick, Brooklyn
  • Sunset Part, Brooklyn
  • University Heights, Bronx

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!

Moving Costs in NYC

Moving in New York City is no easy feat. It is highly recommended to hire a reputable professional moving company while relocating in the city. The small spacing, busy streets and walk-up buildings make moving a particularly challenging task if you don’t have experience.  Here is a table with the average cost of moving in NYC depending on your apartment size: 

Apartment Size Average Moving Cost in NYC
Studio/1 Bedroom $500-$1,500
2 Bedrooms $800-$2,500
3 Bedrooms $1,500-$4,000
4+ Bedrooms $2,500-$6,000+

Cost Saving Tips For Moving

When moving in NYC, consider these cost-saving tips:

  • Off-Peak Moves: Schedule your move during off-peak times to save on costs
  • Downsize: Declutter your space before moving. Selling or donating unwanted/unneeded things will result in less things you need to move. 
  • Book Early: Booking in advance can result in lower rates and more availability.
  • Compare Quotes: Get quotes from multiple moving companies and compare their services and prices to find the best value. 

While the vibrant lifestyle of New York City does come with a higher cost of living, strategic budgeting and resource allocation can make it manageable. For a seamless and stress-free move, especially in the challenging NYC setting, considering professional movers is paramount. FlatRate Moving, a trusted all-inclusive flat rate moving company with a proven track record, can help navigate the intricacies of moving in the city. Their expertise offers a reliable solution to the challenges posed by NYC’s small spaces and busy streets.