Some of the best neighborhoods for affordable housing in New York are Washington Heights, Inwood and Harlem (my neighborhood) in Manhattan; Astoria and Long Island City in Queens; Bushwick in Brooklyn; and Union City and West New York in New Jersey. Regardless of the team you're supporting, you'll need to factor in the cost of attending a match within your budget. You don't have to pay $3,000 for a decent place to live, nor do you have to submit to living in a windowless basement shoe box to pay your rent. Sure, I would love it if it were cheaper to live in New York City, but in the same way, there are more than enough resources available in the Big Apple to reduce expenses and even eliminate entire categories of expenses, goodbye to car payments.
Before the average paycheck of a New York resident reaches the bank, they are paying some of the highest income taxes in the country, with high taxes both at the state and local levels. This rule simply states that in order to live comfortably and pay rent, one must earn at least three times the monthly rent before taxes. We've got you covered with a detailed analysis of New York City's hidden living costs, including parking costs. Judging by the fact that more than 8 million people live in New York City, I suppose a good number can figure that out.
This is particularly true for New York residents who want to be in the center of everything and live in Manhattan. The combined city-state sales tax rate in New York City is 8.5%, but it can vary depending on what you buy and how much it costs. When budgeting for living comfortably in a new city, it's important to use the standard rule of three. In these numbers, you won't find good food or the pitfalls of a life of luxury, but you may discover that living in New York City doesn't cost as much as ill-informed speculators and the media frenzy would have you believe.
For car owners, that's the cost of buying, maintaining, insuring, refueling and storing their vehicle. It's a well-known fact that New York City has a high cost of living due, in large part, to its notoriously high rental prices.