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FAQ: How much does it cost to live in New York?

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FAQ: How much does it cost to live in New York?

New York is one of the most expensive cities in the world; education in private schools, universities in New York is more expensive than in other US cities. Living and living in the city are also expensive. New York City consists of five boroughs, each of which is a separate county. From the most expensive to the most affordable are:

  1. Manhattan
  2. Brooklyn
  3. Queens
  4. Staten Island
  5. Bronx.


Because New York City is a large and diverse city, the cost of living varies greatly from district to district and even within neighborhoods.

  • The most inexpensive type of student accommodation is a residence on campus. The cost is from $ 9,099 in public four-year higher education institutions and from $ 8,664 in private colleges. This means that students in New York pay 40% more than the national average.
  • If you want to rent an apartment,then get ready for high prices: According to the January 2020 Rent Cafe report, the average rent for an apartment in Manhattan was $4,210 – the highest price in the country. Brooklyn and Queens offer rentals for $2936 and $2412, respectively. All three neighborhoods are more expensive than Chicago, Washington, and San Diego. A similar apartment outside the city center will cost $ 2003 per month. House prices are falling as they move away from Manhattan: in DUMBO (Brooklyn) and Long Island City (Queens), which are across the river from Manhattan, the price tags will be higher than the average for their areas.
  • A more affordable and popular accommodation option - coliving with roommates/ apartment - allows you to spend much less than the average cost of single housing. The concept of coliving is similar to a college or hotel dormitory: several small separate bedrooms with common spaces, Wi-Fi. Houses are shared by an average of 4 or 5 people, each of whom has a separate bedroom.  The cost of coliving - from $ 1000 / month.
  • Studios and one-bedroom apartments cost $1889 and $2,098 per month, respectively.
  • Accommodation in a host family is suitable for those who want to live in a home environment, to explore the family culture of the United States. The cost of homestay without meals - from $ 250 / week, on full board - from $ 340 / week.
Current material has been prepared by Egor Eremeev
Education: Kuban State University, Russia (World Economics); Westminster University (Business & Management), London.
Egor studied and lived in the UK for 8 years and graduated from the university of Westminster. He is currently the co-founder and the director of business development at Smapse Education and personally visits foreign schools and universities, interviews students studying in those institutions.
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