Whether you’ve moved to the City for work or you’re here to experience a part of the New York lifestyle, you want to spend as little money as you can on necessities. We’d all like to save a few bucks on rent and groceries, but it’s not easy while living in New York. Luckily, you can live in one of the biggest cities in the world on a low budget, you just have to know where! That is why we’ve created this list of the most affordable Manhattan neighborhoods to help you.
Manhattan is the center of one of the most populous cities in the world. Because of this, more and more people are hiring moving services NYC and relocating to the City. Alas, this is also the reason why the prices here are a little too much for almost anyone’s wallet. Strangely enough, the price of everything from rent to basic groceries varies a lot depending on where you live specifically. While some parts of the island are outrageously expensive, others can boast a much more affordable price range.
What makes a neighborhood affordable?
Let’s get it out in the open right away – if you expect Manhattan to be cheap, you’re in for a nasty surprise. So, if you find yourself wondering why your NYC apartment is more expensive than your Ohio home, even though it’s smaller, you’re not thinking right. These neighborhoods are affordable which means that rent prices aren’t too high compared to the average income. Basically, if you’ve got an average NYC salary, you’ll be able to live a very comfortable life. However, this also means that you’ll need to take your income into consideration when planning where to move to. If, after some consideration, you decide Manhattan isn’t your cup of joe, you can check out the most affordable parts of Brooklyn which will also keep you close to the city center but for a lower cost.
The most affordable Manhattan neighborhoods
As you can see, the perfect affordable part of the city depends on what you’re looking for and what kind of funds you have access to for rent. Even though this is the case, some neighborhoods really are very cheap, especially if you’re looking to buy a property. Manhattan real estate costs haven’t gone as high as the prices in other boroughs. Of course, they were the highest to begin with, but real estate prices in Manhattan have been dropping recently. So, here are the most affordable parts of the City where you can move your home and experience the most of New York lifestyle without spending too much money.
Upper East Side
Few people think “affordable” when they hear “Central Park and Fifth Ave”, but Upper East Side is exactly that! This neighborhood is bordered by Central Par, 59th Street, 96th Street, and the East River and it is one of the most affordable Manhattan neighborhoods out there. Even though it’s considered a fancy part of the city, the people living in Upper East Side spend only about 28% of their median income on rent. Which is almost two times less than the next neighborhood on the list.
Murray Hill has relatively high rent costs (in the high 3500’s ) the neighborhood itself is relatively cheap. This part of Manhattan was one of the first to get settled and it has a long history. It got its name after an XVIII century and ever since that time, people were proud to call this neighborhood home. Ever since then, it’s been home to a lot of interesting people, finally culminating in having relatively low rent and property prices. If you’re looking for investment opportunities, this is a perfect choice.
More and more people are hiring Manhattan moving services and relocating to Harlem over the Upper East Side. The main reason being that the rents are a lot cheaper, but there is the flip side of the coin, as well. The residents of Harlem have an average income which is somewhat lower than the City’s median income. Thus, even though the rents lower, Harlem is a bit less affordable than some other parts of NYC. However, this neighborhood is home to the lowest rents out there and if you’re making a salary above the NYC average, you’ll have a great time if you move here. This is why many people are choosing to live in Harlem over the Upper East Side.
Midtown – Midtown South
Midtown is probably the most iconic out of all the neighborhoods, and its residents give a little over 40 percent of their salary on the rent. This is still well below what an average New Yorkers spends on their rent. In some parts of the city rent is 100% of what an average resident makes so this is still pretty affordable. Thus, if you want to experience the most out of Manhattan and the famous New York hip lifestyle, there’s no better place to move to! Just make sure you hire reliable Manhattan movers to assist you with your relocation.
Make your move more affordable
The most common reason people are looking for the most affordable Manhattan neighborhoods is that they’re moving and they want to save some money. This is completely normal as we all try to avoid spending too much money when relocating. But, instead of looking for an affordable neighborhood, you can decrease the cost of your relocation and save a few bucks toward your condo deposit. Having a cheap move is not that difficult. You can get free moving boxes NYC, do most of the labor yourself or hire the most reliable affordable movers in New York – Dynamic Movers. With our services, you won’t need to worry about transporting your things. All there’ll be left to do would be picking the perfect neighborhood in Manhattan.