Contrary to popular belief, many Millennials today do not have any problem leaving the nest. In fact, many of them are leaving their small town and headed for the big city. New York City is popular among Millennials because it is a thriving area that has plenty of opportunities. However, there are several things that you should know if you want to move to NYC.
Wear a Fanny Pack
Fanny packs are making a comeback. They are extremely popular among New Yorkers because they are a safe and convenient way to carry all of your belongings. You will be less likely to be a target for pickpockets if you carry your belongings in a fanny pack.
Reevaluate Your Budget
New York City is one of the most expensive places in the country to live. That is why it is a good idea to set a budget before you move there. Keep in mind that even if you are making a great salary where you currently live, it will be harder for you to stretch your dollar if you live in NYC.
For example, you currently make $40,000. You will likely have to make $80,000 a year to maintain that same standard of living.
Use Loftey for Apartment
Your housing will likely be your biggest expense. Contrary to popular belief, it is possible for you to find an affordable apartment in NYC. You just have to know where to look. You can use Loftey to streamline the process for finding NYC apartments for rent.
Loftey is a company that has over 10,000 apartment listings. You can use it to search for apartments based on size, the number of bedrooms and what your desired rent range is. You can also choose when you want to move. Loftey will help you save money on your new apartment.
Even living with a roommate can be pricey
The median price for a room in the second quarter of 2017 was $1,200 a month, up from $1,100 a month for the same time last year, according to a report released last week from roommate app Roomi.
That price tag would be affordable to someone earning $48,000 a year.
The priciest rooms were in the East Village, costing up to $1,730 a month — and that’s where many Millennials think they want to live until they see the prices, said Roomi CEO Ajay Yadav said, noting there is often a mismatch between desire and reality.
The East Village was the second-most-popular area that users searched for, following Alphabet City.
Other expensive areas included Stuyvesant Town ($1,667 a room), Midtown and Downtown Brooklyn ($1,650 a room), and Lower Manhattan ($1,600 a room).
Invest in a Good Coat
New York City has cold winters. In fact, it is common for the temperature to drop below freezing in the winter time. That is why you want to make sure that you invest in a good coat.