Moving to New York City What You Need to Know
New York City is arguably the most famous city in the world. It is also the largest city in the United States, with a population of roughly 8.8 million. It has the nation’s largest economy, generating a gross metropolitan product (GMP) of almost $1.7 trillion in 2020. According to the World Bank, that’s equivalent to the entire nation of Canada! As a result, jobs and opportunities abound in New York, but the city also has an amazing quality of life with some of the nation’s best museums and entertainment opportunities. We’ve compiled a guide to moving to New York City covering everything from where to live to what to expect, what jobs are available and how to get around the city. Here’s what you need to know about moving to The Big Apple.
What is it like living in New York City?
New York City is unlike any other city in the United States. Life here is fast-paced with endless possibilities. You’ll always find something to do, from attending concerts and theater to enjoying some of the nation’s best restaurants and bars. Despite how urban it is, the city also has 28,000 acres of green space, including Central Park. You can walk or bicycle in the parks, kayak on the Hudson River and even ice skate without leaving the city.
The city is also incredibly diverse. People from all over the world move to NYC for new opportunities. You’ll hear approximately 800 different languages spoken in its streets and find restaurants and grocery stores representing all the major cuisines in the world.
Who is moving to New York City?
Moving Companies Tampa in Caldecote We typically think of young dreamer who wants to make it big in the arts, on Broadway or on Wall Street as the most common type of person who moves to New York City, but that’s only a fraction of the people who decide to relocate to the Big Apple. Roughly 40 percent of all people who live in New York (3.3 million) are foreign-born immigrants, according to the city’s Comptroller’s Office.
Plenty of Americans move to New York, too. In its migration report, Apartment List found that the highest percentage of people moving to the city are those from Philadelphia, Miami and Washington D.C. Although the report doesn’t indicate why they are moving, one reason could be for their job. Companies like Sony, Pfizer, Deutsche Bank Americas Holding, Verizon, MetLife and Twenty-First Century Fox rank among the largest employers in the city.
What is NYC’s cost of living?
Moving Companies Tampa in Caldecote New York has the highest cost of living in the nation. The cost of living is determined by comparing the cost of living index score in a particular city to the cost of living in other cities. If a city’s index score is higher than 100, then the cost of living is above average. If a city’s index score is lower than 100, then the cost of living is below average.
According to AreaVibes, New York has an overall cost of living index of 161, 61 percent higher than the national average of 100. Housing is the biggest factor with an index of 234, but you also pay 48 percent above the national average for groceries, 33 percent more for goods and services, and 32 percent more for transportation.
Numbeo estimates it will cost a family of four $5,035.72 per month to meet its expenses before rent. A single person will need $1,371.06 per month, not including rent. How does that compare to other expensive cities? According to Numbeo, living in New York is 27 percent more expensive than living in Los Angeles before rent. New York is also the only U.S. city to make MSN’s 2021 list of most expensive cities globally, including Singapore, London, Beijing, and Geneva.
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