Best answer: Where is the cheapest place to buy a house in New York City?

Where is the most affordable place to live in NYC?

Ilion. Ilion is a small-city complex in Central New York, 50 miles east of Syracuse. With a median income of $54,397 and a median rent of $623, Ilion is definitely the cheapest place to live in New York. Compared to the rest of the country, the cost of living in Ilion is 22.6% lower than the national average.

What salary do you need to live comfortably in NYC?

Recommended Salary in New York City

To live comfortably, a resident would need to earn at least $11,211 monthly before taxes. That’s pretty steep. If you chose to live in the more affordable Bronx borough, you’d need to earn three times the $1,745 monthly rent rate before taxes, which amounts to $5,235.

How can I live in NYC for free?

6 (Totally Realistic) Ways to Live Rent-Free in NYC

  1. Charge Your Roommates More. …
  2. Live in an RV. …
  3. Find a “Zombie” Home. …
  4. Care for a Historic Home. …
  5. Work in Lieu of Rent. …
  6. Move Into a Homeless Shelter.

How can I live cheap in NYC?

How to Live Affordably in New York City

  1. Cook more meals at home. …
  2. Maximize your transportation budget. …
  3. Take advantage of NYC Restaurant Week and similar promotions. …
  4. Shop at secondhand stores. …
  5. Scour discount sites like Groupon, LivingSocial and Gilt for deals. …
  6. Visit museums on free admission days. …
  7. Buy in bulk.
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Is Queens nicer than Brooklyn?

If you prefer a sub-urban community vibe Queens may be a better fit, as it’s the largest borough from a geographical standpoint, but has a slightly smaller population than Brooklyn. Similar to Brooklyn, the Queens community is thriving and incredibly diverse.

Can you live in NYC on 50k a year?

I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

Can you live in NYC on 100k a year?

In NYC if you make a salary of $100,000 per year you can expect to take home about $5,600 per month after Federal, State, and Local taxes. … NYC has both a mean and median income below $100,000 this indicates that a $100,000 income is sufficient to live in New York City.

Can you live in NYC on 40k?

That’s $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.