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Video instructions and help with filling out and completing ny 590
One in every 25 New Yorkers walking down these streets is a millionaire now those are some pretty decent odds it's realistic to say that you might run into a millionaire while walking down the streets in New York City but on the other hand one in every five New Yorkers walking down these same streets live below the national poverty line New York is a city of extremes and the living here it's not for everyone but if you're interested in seeing what it's like to rent an apartment on a realistic budget then this video is for you now I've shown you some of the most expensive places to rent and buy in this city but today we're going to be exploring some different options the most affordable neighborhoods in the city living situations and more so you can learn about what it takes to live in New York City your biggest expense living in the city is going to be rent apartments in the city they go fast leases can get signed within minutes of seeing an apartment by applying a via the internet on the spot as a rule of thumb don't spend more than 30 percent of your annual income on rent New York is an expensive city but the annual income is also higher than the national average let's check out the numbers Manhattan's average annual household income is just about sixty seven thousand dollars per year while Brooklyn is a mere 45,000 Queens comes in at fifty-four thousand per year New York's most suburban borough Staten Island is also its richest with a median household income of 70,000 per year and finally the Bronx comes in at 33 thousand per year you are probably thinking to yourself that is way more than I make how could I possibly afford to live in New York the thing is that number it's very skewed ax most likely if you are watching this video as research on moving to New York City you're between the ages of let's say eighteen and thirty meaning that your median total income is nowhere near the average household salary of 67,000 in Manhattan with that my first tip for living on a realistic budget is to live outside of Manhattan Music New York has five boroughs and Manhattan is the most popular but it's also the smallest it's also where most of the big businesses have their headquarters and where the highest paying jobs are so it makes sense that it would be the most expensive however with the actual geography of the city along with the many transportation options living outside of Manhattan gives you more options for a lot less money the average rent for a one-bedroom in Manhattan is thirty eight hundred dollars per month for just about 700 square feet worth of space while in Brooklyn the average rent for a one-bedroom is only two thousand and five hundred dollars per month in Queens two.