New York City has always been one of the Top 10 cities to visit in America. With many of its popular attractions, a day’s tour will never be enough. This large city has five boroughs: Manhattan, Brooklyn, Queens, the Bronx and Staten Island. These boroughs have their own distinct image and atmosphere in popular culture, and visiting all of them would give any visitor a better idea of what living in the big city means to a New Yorker.But what does it mean for a person who lives there?
All facts point to this city as a great tourist attraction. A place worth visiting many times, especially with these attractions: Manhattan alone has many places to explore. Places like Central Park and The Statue of Liberty. Museums like The Metropolitan Museum of Art, American Museum of Natural History, and The Museum of Modern Art. Even iconic places like The Empire State Building and Times Square.
But, it is a different story if you want to make New York City your home. It is still a great place to live in. But if visiting requires a few preparations, then permanent residence requires more. When we say more, it means more money. No problem if you got billions of money. You can be part of the 105 billionaires that live in New York. But for the average, it is good to understand that New York is the third most expensive city in the world.
Over the years, San Francisco, California, has been on top of the list of the most expensive cities to live in. Especially in the area of the rental market in America. In the first months of the coronavirus pandemic, San Francisco’s real estate market is still on top. In contrast, New York’s real estate market plummeted.
But many months later, the demand made a significant turnaround. In January 2021, San Francisco’s rent increased by 5%, While New York’s rent increased by 20%. As a result, New York surpassed San Francisco as the most expensive city to live in. If you want to make New York City your home, you have to be prepared. This article aims to discuss how you prepare for the New York lifestyle. Here are few tips that can help:
Plan and Evaluate Your Budget
In terms of lifestyle, you need to be ready to pay more than the average. In Mississippi, a family of 4 members can live a comfortable life on a $48,000 budget a year. But in New York City expect to double that budget. Especially for housing, insurance and child support. These are the top 3 on the list of the biggest expenses.
The average rent for a two-bedroom apartment is about $3,500. Living in Battery Park City, Manhattan is the most expensive. You can expect to pay an average rent of up to $5,500. That is for housing alone. A single guy who lives in New York should expect to spend an average of up to $51,400 per year. And that is only for necessities, such as food, housing, transportation and healthcare. If you own a car, monthly car parking in New York City is over $600. So if you dream of the New York lifestyle, you better be financially ready.
Hire a Real Estate Lawyer
Should you decide to purchase a house, it is better to have a Real Estate Lawyer with you. A real estate lawyer near you will represent your interests. They will review all legal documents in advance. They will advise you if there are problems with the documents. They will ensure that legal procedures are followed and help you check if the property is zoned properly. Another part of their role is to advise you on matters regarding deeds, titles and property taxes. They will be there for you all the way to the acquisition of your property.
Expect Living in the Fast Lane
If you are coming from a place of small-town ease and relaxation, expect your life to change. New Yorkers are always on the move. When they walk, they walk faster. They are used to hard work and do it faster. No wonder Frank Sinatra sang the words “the city that never sleeps” in the song “New York, New York”. There are many other preparations to do should you plan to live in New York. We only gave you the essentials, though they are just the “tip of the iceberg”. But living a New Yorker’s life is all about preparation. And being prepared is winning half the battle. Then it will be possible to live the New York Lifestyle.