“If you may make it there, you’ll make it anyplace…” — however simply what does it take to make it within the Huge Apple? CFI.co journeys via the realities of residing in New York Metropolis with details, figures — and a steered city-centric playlist to maintain you within the temper…

You’ll want a job when you’re planning to reside in New York. A few of the world’s largest companies are right here, together with some legendary establishments, such because the New York Inventory Trade.

Pay attention when you learn with all of the featured songs on our Spotify “Dwelling in New York” playlist.

Observe One: Welcome to New York — Taylor Swift

Maintain these stars in your eyes for some time; actuality can come a little bit later. As a result of sure, New York Metropolis is… wow. Simply wow.

“Cosmopolitan” doesn’t even start to chop it; this crucible of cultures and nationalities — 800 languages are spoken right here — means the world is virtually yours. Maintain your choices open, as a result of the temptations are many — and getting side-tracked actually is a part of the enjoyable.

However let’s not lose the thread; when you’re contemplating residing in New York, you’ll pay attention to its charms. Let’s take a look at what it’s like to maneuver to, and reside in, America’s most populous — and most densely populated — metropolis.

Observe Two: New York State of Thoughts — Billy Joel

To be blunt, residing in New York is dear. Or maybe wealthy; it relies upon which approach you take a look at it. There’s actually wealth right here; the town squeezes an analogous GDP to Russia out of an space 500 instances smaller.

If (maybe ill-advisedly) you’re heading to the Huge Apple and not using a job, you’ll be heartened to listen to that the employment market is mostly vibrant for tech, finance, insurance coverage, healthcare, actual property, trend, journalism, mass media, and publishing. However regardless of its standing as a world hub, the town has been comparatively sluggish to bounce again from the pandemic.

Whereas nationally, 90 p.c of jobs have been regained, it’s extra like 60 p.c in New York. The native unemployment price presently sits round 9 p.c (it’s lower than 4 p.c nationally). Together with all of the funding in tech, the town has come to depend on three primary sectors: tourism, hospitality, and retail. All had been onerous hit by Covid-19.

However don’t lose hope simply but, jobseekers; among the world’s largest companies are right here — HBO, American Categorical, Tiffany’s — together with 50 or so Fortune 500 firms, together with JPMorgan Chase, McGraw Hill and Estée Lauder. Additionally current, in fact, are some legendary establishments, such because the New York Inventory Trade, Nasdaq and the UN headquarters. The US won’t have as a lot historical past as Europe, however it’s creating its personal as quick as it might probably.

New York is regularly divided into specialist boroughs; north-eastern Manhattan — aka Silicon Alley — is globally well-known attracting tech and media start-ups. You may recognise among the names: Google, Fb (or is it Meta, now?), Apple, Robinhood, IBM… The town’s also called the world’s media capital, internet hosting CNN, NBC, The New York Instances, Fox, Reuters, and Warner Bros. Hearst additionally has a presence within the metropolis. The Wall Road Journal has its head workplace right here, as does (maybe clearly) The New York Instances.

Vivid lights, huge metropolis…

Observe Three: New York I Love You however You’re Bringing me Down — LCD Soundsystem

You’ll need to discover work, or get your start-up started-up, quick — as a result of the price of residing in New York is 129 p.c above the nationwide common. And — it will get worse — that places it in seventh spot in world phrases. The opposite six cities have to be eye-wateringly costly, as a result of the charms of New York Metropolis don’t come low cost. The crust you hope to earn could have many hungry arms reaching for it — so how a lot do it’s essential to earn to keep away from mendacity awake worrying about funds within the metropolis that by no means sleeps?

Smart journey bloggers calculate this stuff for us on-line; one web site advises that you simply’ll want greater than $2,500 per thirty days, or $35-$40,000 per yr after taxes, simply to get by. One other, much less optimistic, New Yorker reckons you’ll must make greater than $11,000 a month, or $135,000 yearly. The common revenue in New York Metropolis is about $63,998; the minimal wage is $15 an hour (however let’s hope that burger-flipping isn’t your recreation plan).

Observe 4: Talkin’ New York — Bob Dylan

In a compact metro space shared by virtually 19 million folks, that icon of the American Dream, the motor automotive, doesn’t take pleasure in its ordinary standing in NYC.

Residents are canny about native transport ideas and methods, and eager to share their data, so shopping for, renting, or proudly owning a automotive doesn’t have to be a part of a migrant’s to-do checklist. The town subway is the biggest fast transit system on the earth, with 472 stops that will take a full day to navigate. At lower than $3 per experience (month-to-month tickets are cheaper nonetheless) taking the subway is a no brainer. Everybody else in New York might be doing the identical factor, thoughts, so put together for a little bit of a crush in rush hour.

The Statue of Liberty, an icon for everyone living in New York

Whereas residing in New York, you’ll need to see the sights, proper? The Statue of Liberty and plenty of others price little or nothing.

For those who step away from the glitz and price range rigorously, you will get away with modest money reserves till you hit the large time. And it may be enjoyable: having fun with real Cantonese or Italian (or Mexican or Malaysian or Nepali, for that matter) from small diners and eating places tucked into alleys and side-streets is a real blessing of residing in New York Metropolis.

You’ll need to see the sights, proper? The Statue of Liberty, Carnegie Corridor, the Brooklyn Academy of Music, artwork galleries (there are greater than 500), theatres (on- and off-Broadway), museums — a few of these issues price little or nothing.

Broadway excepted, in fact…

Observe 5: Fairytale of New York — Kirsty MacColl

There’s no getting away from the truth that New York rents are costly. Half the typical month-to-month wage ($5,500 after tax) is more likely to go straight to the owner. A one-bedroom residence within the metropolis centre will set you again greater than $3,000 a month; residing a little bit additional out may convey that right down to $2,000.

For those who plan to reside in New York and hold housing prices beneath $1,000 per thirty days — one thing most New Yorkers will inform you is nigh-on inconceivable — it may be carried out. However you’ll be sharing your residing house; seek the advice of Craigslist for roommates, and search for flats in cheaper areas akin to Chinatown or Brooklyn.

Considering of shopping for? Very courageous; we want you luck. Housing prices listed below are 369 p.c above the nationwide common, and that’s with out factoring-in down funds, taxes, insurance coverage and shutting prices. Not shocking, then, that solely round 30 p.c of NYC residents personal their houses.

Observe Six: New York, New York — Frank Sinatra

We needed to get Ol’ Blue Eyes within the playlist, singing the praises of the town throughout extra harmless instances. With spiralling gun crime and routine muggings, the US has developed a little bit of a foul rap for security lately.

Fortunately, that status is ill-deserved in New York (statistically talking, anyway). The streets — even for folks strolling alone — are thought-about protected in daytime, and solely marginally worse after darkish.

This could be your view after moving to New York

You’ll be wanting some contemporary air when you reside in New York — Central Park isn’t even the most important park within the metropolis, it’s solely fifth on the checklist

So, you’ll be wanting some contemporary air, too — and because of its inexperienced lung of Central Park, and different open areas, that’s totally doable. Central Park — sandwiched between the Higher East and Higher West Sides of Manhattan — isn’t the most important within the metropolis; it’s solely fifth on the checklist.

Washington Sq. Park, in decrease Manhattan, is a cool assembly spot with loads of buskers and avenue music. Theodore Roosevelt Park, adjoining to the Museum of Pure Historical past, and Manhattan’s Inwood Hill Park are nice dog-walking spots. Pumphouse Park, in Brookfield Place, affords neat gardens and an incredible view of the Hudson River.

In summer time, you’ll be sweltering; in winter, you’ll freeze. However year-round, the Huge Apple has what it takes to blow your thoughts — and, when you’re not cautious, your price range — every day.

New York, New York: it’s my type of city. With some effort and tenacity, you may make it yours, too.


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