Manhattan – To Move or Not to Move?

If you’re thinking about moving to New York, get used to being broke. It’s not just that the city is expensive. And it is expensive. There’s also a constant and overwhelming pressure to spend money. Think of it this way. When you live in New York, you spend most of your time outside of your apartment riding the Subway, visiting dive bars, or eating from food carts. All of these little expenses add up fast. That’s why it’s important to choose a neighborhood that fits your lifestyle and your budget.

East Village

The East Village is one of the best places to live if you want to experience the New York nightlife. An area that used to evoke images of starving artists (Rent anyone?) is now filled with a dizzying number of trendy bars, clubs, and restaurants. NYU is also located in the East Village, so get used to living around hyperactive students and frazzled faculty members.

  • Where is it? North of Houston Street and east of Greenwich Village.
  • Who lives here? Students and people in their 20s
  • How much is it? $2,800 for a one-bedroom.

Upper East Side

New York’s Upper East Side is known for its tranquil atmosphere and proximity to Central Park. This stately neighborhood is also home to some of New York’s best museums, including the Met and the Guggenheim. The restaurant and bar scene is filled with frat-oriented pubs and a range of ethnic cuisines.

  • Where is it? South of Harlem and east of Central park.
  • Who lives here? A surprising mix of old family money and young professionals.
  • How much is it? $2,730 for a one bedroom.

Washington Heights/Inwood

Washington Heights and Inwood are just about as far north as you can go without leaving Manhattan. They’re far less “cool” than the East Village, but move there won’t break the bank. You may even have enough money to hire professional movers. These regions have diverse populations, tons of green space, and a relaxed atmosphere. While this area lacks the nightlife of lower Manhattan, there are plenty of bars and restaurants.

  • Where is it? North of Harlem.
  • Who lives here? Young professionals, new families, and college graduates.
  • How much is it? $1,700 – $1,800 for a two bedroom

If you’re still not able to make a decision, check out this cool map of New York. It color codes each borough by its average median monthly rent. Ideally, you want to pick an area where you can comfortably put down a security deposit with enough left money over to hire professional movers. You should also keep in mind the kind of lifestyle you want to live. As a rule of thumb, you can assume that the nightlife and rent prices increase as you get closer to downtown Manhattan. This is a rough rule though, so make sure to do your homework when picking a neighborhood.