It is no easy decision to move to a location like New York City. It has clear appeal: for a reason, television and film have made this place the setting of several stories over the years. It’s diverse, entertaining, and renowned worldwide.Living in New York

It’s no surprise New York City has been named one of this year’s top 10 locations to find a career. But it’s not always broadway shows and parades in New York City. There are also downsides to living in “the city that never sleeps,”. There are plenty of wonderful things to enjoy about NYC, but before you make the leap, there are also certain things you should be aware of. 

Here are a couple of the pros and cons of living in New York City listed below.

Pros of Living in New York

1. Safety

New York used to be known as a dangerous place but not at all now. Now, without having to worry about your safety, you can walk around most of the city at any time. People get freaked out sometimes because there are tons of homeless and “crazy” persons. As long as you’re not irritating them, they are harmless. A tip for any first-timers is also to learn to ignore things, as curiosity might sometimes bring you trouble. I believe this is also one of the reasons why New Yorkers are “indifferent,” in order to get out of any potential drama. 

2. Lots of Opportunities

There are many companies that call New York City home, too. In this city, there are over one million companies, with new ones constantly emerging. Between remote work facilities and skyscrapers, as they grow and hire more people, there is no shortage of places for companies to grow. This implies that there are lots of choices to consider. You can browse a substantial number of job listings at any time.

3. Lots of Things To Do

Since it’s the town that launches trends, before it arrives somewhere else in the country, you get to see a lot of stuff like food trends, fashion trends, etc. New York is also the country’s most vibrant and fun city, offering the best shows, concerts, parties, festivals, and much more, so you’ll never run out of stuff to do.

You can also find plenty of free events to enjoy for those who are socially active, such as art openings with cocktails and snacks, open bar celebrations, free concerts, and more. However, it can also be daunting for first-time travellers to determine which is worth the visit.

4. High Salary

It is real that in New York City, you will earn a higher wage than elsewhere for the same job. For instance, the pay is 9 per cent higher than the national average for a marketing manager in NYC. For a CPA, It’s 11 per cent higher than the national average.

5. Mobility

New York City offers ferries and a public bike-sharing program, in addition to buses, subways, and taxis. You can get from one side of the city to the other with relative ease. And if you’re lucky, you may find that it is within walking distance of the place you need to go. The city is rather condensed, so this may be a wonderful option for you if you have the time and want to get some fresh air.

Cons of Living in New York

1. Competition

In New York City, there are a lot of people. The metropolitan population is over 8,000,000, and that does not include the plethora of surrounding commuters or students who graduate from NYC colleges each year and join the workforce. This makes competition for jobs very intense. In order to join their teams, companies are looking for top talent, and they will not settle for less.

2. Weather

The weather in New York is emotionally unpredictable, like a young teenager. In the morning, it can be calm and clear and suddenly turn cold and windy in the afternoon. Fall and spring are fleeting, broken by season, and winter seems to last forever and can be brutal, especially for people that come from areas that have a short or warm winter. So, you might want to bundle up if you plan to hit the city during Christmas or any time in winter. Summers, on the other hand, are also not ideal as it gets hot and humid.

3. Traffic

Traffic is always loud and heavy. If you attempt to drive, you will take your life in your hands. Cycling sounds fun, but it’s just for the bravest of us. During rush hours, the subway can be overcrowded. Train delays and re-routing will become a frustrating but regular part of your daily life due to construction. Also, if you live near Broadway, and at a lower level, expect to have some sleepless nights, as it can get pretty loud early in the morning or late at night when the sirens pass or the garbage truck begins to run downstairs.

4. Lonely City 

It is known that New Yorkers are cold and indifferent, which does not have to be a bad thing.  People are all concerned living their own life on the bright side, so no one’s going to have the time to criticize you for how you look and behave. However, Urban loneliness is common here. Many people say that getting someone to be with is hard to find. Also, if you’re in trouble, everyone might pass you on by thinking that it’s the responsibility of others.

5. Dirty and Smelly Streets

There’s garbage everywhere on the streets, and you’ll see rats running on train tracks in the subway, which the locals call the “underground zoo.”  Bring a hand sanitizer if you intend to visit New York in the future, it can be really handy if you touch something suspicious on the train, and can’t get to the toilet right away. Due to the stinky scent, you can have a hard time breathing in certain places if you come here in summer. This is mainly from the city garbage put for collection at the curb, which gets rancid in the heat easily. 

Cost of Living

It is no secret that it is costly to live in New York City. They’re paying out some of the country’s highest income taxes until the average NYC resident’s paycheck ever hits the bank, including heavy taxes at both the state and municipal levels. Beyond that, prospective tenants face some of the country’s least affordable housing. That’s especially true for residents of NYC who want to be at the centre of everything and live in Manhattan. 

1. Rent

NYC’s high cost of living begins with the wild housing market. According to an Apartment List study from March 2019, the median rent in New York City for a two-bedroom apartment is $2,499. Studio and one-bedroom homes, respectively, come in at $1,889 and $2,098 a month. Any of these rentals is much more expensive than not only the median U.S. but most of the major cities in the world.  

The national median rent for studios, one-bedrooms and two bedrooms at $827, $947 and $1,175, respectively, is data from Apartment List. This is a disparity of $1,062 for a studio apartment, a deviation of $1,151 for a one-bedroom apartment, and lastly, a break of $1,324 for a two-bedroom apartment. Needless to mention, renting in New York is ridiculously pricey.

2. Utilities

You’ll have to pay the expense of utilities, whether you lease or buy. The average standard service plan for a 915 square-foot site in New York costs $145.55, according to Numbeo.com data from May 2019. That requires heating, power, water and waste, and for a month of basic services ($152.02) which is around $7 less than the U.S. average. In New York, the monthly internet prices are about the same as in the rest of the country. You will cost $62.77 in New York, compared to a U.S. average of $62.50.

3. Food

Groceries in New York City typically cost around $471.34 a month per user, according to May 2019 data from Numbeo.com. The average is about $150 cheaper, at $324.20, for the U.S. as a whole. New York City is renowned for its culinary scene, of course, and anyone who wants to dine out on a daily basis can see their food budget skyrocket.

There are a variety of causes that contribute to why food and produce in New York City are so expensive. Probably the biggest reason is that enterprises that export food is forced to pay far more for commercial leases and employees’ salaries than in other parts of the country.  It can also be extremely difficult in Manhattan to deliver food since it is a heavily populated island.

4. House

No matter where you live, the classic question of “buy vs. rent” always pops up. In the case of New York City, based on 2018 data from the National Association of Realtors, a single-family home in the New York metro region has a median sales price of $403,900. Although this might sound favourable, note that the metro area consists of not only New York City, but also the surrounding areas that surround it.

It can be much more expensive to purchase in the city itself, particularly if you want to live near the city centre; spending more than $1 million for a one-bedroom apartment in Manhattan is not unheard of.

5. Entertainment

After paying for housing, transportation and food, if you have some money left, then you may want to try to enjoy yourself. Well, that’s going to cost you. New York is also known for its sports teams. You’ll have to spend an average of $87 and $190, respectively, if you want to catch a Brooklyn Nets or New York Knicks game. baseball lovers can check out both Yankees and Mets games.

For cheap entertainment, New Yorkers do have at least one choice. Subway stations across the city become stages for all manner of musical events on a typical weekend night. There is always going to be something you love, whether you prefer classical, pop, hip hop or blues. 

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