Ask HN: Is living in NYC worth it?
Biggest issue is obviously cost. I’m shocked even living in what is considered a high cost of living area by the rent prices I’m seeing in Manhattan and parts of Brooklyn. I’m seeing fairly basic 1 bedroom apartments being listed that are $5k+ not including utilities or brokers fees which can be as high as 15% of the annual rent, and most likely not rent stabilized meaning they can raise the rent however much they want after the lease ends.
Outside of rent the cost of entertainment and eating out is not surprisingly on the higher side relative to other cities though I would not say it’s as wildly expensive as the rent is.
The upside is that there’s an energy to the city that is lacking here, and you don’t need a car to get to most places within the city (though to be fair I don’t have a car in SF either).
For people who have recently considered moving or have been living there do you feel it’s worth it considering the rent/housing situation on top of everything else (food, groceries, entertainment, taxation, etc)?
85 comments
[ 3.5 ms ] story [ 153 ms ] threadThis is very real. There was even a YC backed startup to fly people between NYC and SF to help them with dating.
https://techcrunch.com/2014/03/04/the-dating-ring-is-raising...
It's closer (time-wise) to mid-town or lower Manhattan than much of the outer boroughs, and is (or was, at least) heaps cheaper.
And sure, NYC is crowded, dirty, frustrating, and so very expensive, but .. it's also exhilarating, fascinating, insane in the best possible way, and if you've got the chance you should absolutely do it.
(Lived there for 6 years; loved it)
There is a distinct culture in NY that is very different from anywhere else in the US.
If you live in Jersey, nobody you meet in the city will visit you. Ever. No they don’t care that the PATH is only 20 minutes.
I’d suggest looking into roommates and drastically lowering your standards, go to NY, and try east or west village for a year.
Also go for a month and check out the areas to understand where you want to live.
Who cares? You work in the city, go out in the city, and you have a short PATH-ride home to decompress. It's fine, and if the city rents are what's blocking you moving there, give it a try. You might end up moving into the city later with some of your new friends, or not.
It's also a useful filter: people unwilling to go to New Jersey have an irrational prejudice and learning that about them can be illuminating.
I've been here for 7 years and love it, it's actually very pleasant most of the time.
[1]https://streeteasy.com/for-rent/nyc/price:-4000%7Carea:321,3...
NYC is incredible, but when it came down to value… it was hard to justify the $5k+/mo rents. Delis are great but its just not worth it
That said, if you are interested in NYC, I wouldn’t look in Manhattan these days. Brooklyn or the more accessible parts of Queens are where I’d look for a better vibe and good values
Also, the best deli I've ever been to is in Georgetown[0]!
0. https://goo.gl/maps/Sg6PRFSK4kkapCXJA
Is it important to you to eat some of the best food on Earth at the expense of living in a smaller, older apartment? Do you prefer social diversity to a temperate climate? Are you generally an indoors or outdoors person? Are you a single straight male?
These are the types of questions I'd be answering to help decide. That said, I haven't lived in NY, so take this all with a grain of salt.
Though as someone who lived in both cities (not recently) I’m not sure what you’re hoping to gain by moving.
You either love NYC or you hate it and thankfully you will know where you fall within 1-2 years of moving. It can be intense.
I personally love the energy, diversity, ambition, serendipity and grit. I love being able to walk and discover something new every time, no matter how often I’ve walked the path. I love how much it is constantly changing. I love the museums, parks, theaters and art galleries. I’ve traveled all over the world and no city compares for me (Hong Kong is my second love).
If you are a homebody, this is not the right place for you. If you don’t enjoy meeting new people, likely not the place for you. If you thrive off of nature, hiking, surfing, playing golf, this is likely not the place for you.
The physical quality of life in nyc is inferior in almost every way, it’s the intellectual and social quality of life that keeps millions tied to it.
Happy to answer any questions.
Edit: Final item to add, in nyc there is no shame to having roommates until you enter a committed relationship and move in together. Even couples have roommates. To outsiders it seems weird but it’s a necessity here.
I still do normal social stuff sometimes, and yeah there are exceptionally great opportunities for that here. But even knowing they're there waiting for me when I want to do them has value to me on the 90% of days I'm just at home.
I suppose that's not exactly the same thing as a homebody, but just to say that you can live and thrive in this city without being an extreme type-A extrovert.
That being said, it’s a much larger city, and you can walk an entire SF’s worth without leaving Brooklyn. The things that I like during my walks are maybe a little bit more muted than architecture and making my way to a waterfront: I like seeing the streetvendors, chess players, people picnicking and, particular to Brooklyn, how the streets have been cut up by two centuries of transit changes.
Grew up in the midwest and moved to Brooklyn from Philly. Absolutely love it here. City is truly alive with energy and the job prospects are fantastic. Your mileage will vary though depending on how much you make.
If I paid a 15% brokers fee on say an older $3500 walk up that would effectively make it $4025 for the first year so the list price is pretty misleading imo.
I have not really seen much lower than low $3000 range that isn’t a studio or really old/cramped/bad location.
I do like cooking on occasion and some of the kitchen setups for apartments even in the $4k+ range are closer to a dorm style kitchenette than workable kitchen.
Proximity to a subway station is also a big deal. You can be 20 stops from your favorite neighborhood, but if you have a 3 minute walk to the train it doesn't feel far at all.
But I also don’t regret moving to the Bay Area at all, where I enjoy living in a large house on a quiet street, close to the hills, with year-round great weather. I don’t have a desire to go clubbing anymore, a neighborhood BBQ is just fine.
It was much easier to make friends in NYC, but friendships were transient too: there’s a lot of coming and going. It gets exhausting after a couple of years. I still like going back once a year or so, but a long weekend is enough.
You'll pay more here, but have an experience that's hard to get anywhere else in America. It's definitely worth trying out.
Both have attractive advantages, however those characteristics are nearly diametrically opposed on most aspects.
For reference, I lived in SF (Pac Heights) for ~4 years during and after grad school and a couple of other metros tooThe density of stuff to do / people is much higher in NYC. The diversity of people, language, backgrounds is amazing. You are signing up for dirt, grime, homeless people, weird smells and terrible traffic. But also new restaurants, an amazing music and art scene, very interesting people and an increasingly growing tech scene. On housing:
- You don't need to pay $5K for a 1 Br. Greenpoint/Astoria and even UWS has good-ish places for cheaper. You can find a 2 br in the 80s-90s on the west side for 5K, 1 br should be meaningfully cheaper.
- Look at more neighborhoods. Start at times square, and make three circles that are a 20-30-40 min subway commute from there. Not that you would ever go to times square, but it is central and gives you an idea of relative distance.
- Don't live in Jersey City or Hoboken
- Don't expect a lot of space. I know you think you are used to small spaces in SF, but expect smaller. Prioritize clean and quiet over space.
I travel to work in NYC fairly often and I've found myself staying in Hoboken lately, easy to get into city via the tunnels or train depending on where you're going, certainly as convenient as Brooklyn or Queens.
Have you thought about something more radical? South east Asia has all of the energy at a fraction of the living costs.
NYC in general is expensive (11$ chipotle burrito), but the wages are also crazy. For an entry level, 0-2 year experience programmer at a C level startup, you're easily looking at 100k+ salary. Outside of work, NYC is fun because you can pretty much think of anything you want to do tonight/tomorrow, and you'll have multiple options. Manhattan gets less noisy the further from the middle you get. I would recommend upper west side, upper east side, or hell's kitchen to live in Manhattan on a noise to cost to safety balance.
The optimal way would be to move into a 1 bedroom with a significant other and split the rent 50/50
Everyone says this but I don't always see people mentioning that there are companies paying new grads this salary in lower cost of living cities as well. I love the idea of moving to NYC, and it certainly would result in a pay increase, but after considering the cost of living adjustment I would be worse off. This is a worthwhile trade for many people but for people who have never been to NYC it can be hard to quantity I'm sure.
That said, it shouldn't be too hard to get something close to Bay Area compensation in NYC.
I'm just trying to provide a counterpoint to the slew of advice stating that OP is somehow doing it wrong by looking at 5k/mo apartments. There are a lot of jobs in both tech and finance that pay decent performers 2+ years out of college more than enough to comfortably spend 5k/mo on rent.
I also do think that location of where you live and the quality of your apartment can matter a lot--what you get for 5k is different from what you get for 3k, and if someone can comfortably afford 5k/mo then it's totally reasonable to pay that for the location they want vs 3k/mo for one they find less appealing.
However, I moved back to SF almost a year ago and I'm conflicted about it.
However if you want to be in New York multiple days a week I suggest somewhere near a train in NJ, like Elizabeth, and if you really want to be near the ocean I suggest Ocean County, NJ. If you live in NJ you can also go to Princeton and Philly easily which I also love.
NYC is a very, very good city to live in if you know how to take advantage of it. Others in the comments have already said why: arts, culture, entertainment, nightlife, and the sheer culture of the city. If you know how to unlock it, the city can do nearly anything you want. It's also (surprisingly) a nice city to bike around these days, and has some of the best regional rail in the country for local traveling. New York itself is a beautiful and (IMO) somewhat underappreciated state, and it's easy to get to much of the state from the city. It's also much more than just Manhattan and (nowadays) Brooklyn: the Bronx, Queens, and (even!) Staten Island are critical to the city's identity and culture, and are often overlooked by transplants.
That being said, it's not for everyone. You have to be okay, mentally, with a certain amount of mishegaas. You have to be okay with garbage and the fact that the city reeks in the summer, and you have to internalize the fact that garbage and homeless people existing aren't the same thing as crime. If you're a programmer, you'll also have to internalize that New York cares much less about technology: we're a finance and arts city; if you meet people at bars here, there's a very good chance they won't want to hear about tech or startups, &c &c.
(Separately: you shouldn't be paying anywhere near $5k for the average 1BR, even in a "high-end" neighborhood like the UES. Most convenient neighborhoods in Brooklyn should be around $2.5-$3k for a 1BR in the current market, which is already obscene. For "cool" neighborhoods in Manhattan, I would expect around the same.)
I'd say that both of those areas are a little overheated right now, and were in 2019 as well. And rents definitely have gone up; I think I saw around $2.5k as the norm in 2018 for the East Village, when I considered renting there.
[1]: https://streeteasy.com/for-rent/nyc/price:-3500|area:157
[2]: https://streeteasy.com/for-rent/east-village/price:-3500
That being said, here's a 650 sq ft rental in the East Village that sounds a lot like yours[1], at $3150. Previous listing was at $2.6k, and I suspect the current heat isn't going to last.
[1]: https://streeteasy.com/building/422-east-10-street-new_york/...