Here’s the thing. Yes, New York City can be expensive and it doesn’t have to be. I lived in New York City for three months in 2014 and moved back in May 2016 and ended up staying until the end of November 2017. I enjoyed every single minute of it! The city really started to grow on me, especially over the last couple of months I got to live there. Prior to moving to NYC I lived in London, Vienna and Berlin and since I already lived in NYC in 2014 I knew that to expect and none of my expenses where a surprise to me. I simply want to give you a brief breakdown on my expenses and where the majority of my money ended up going. Before I get into it I would like to clarify that I set myself a budget of $1,300, which later changed to $1,400 due to an increase in income.*
Like so many people, my biggest expense in New York City was rent. I shared a two bedroom with my flatmate and my babe and ended up paying roughly $500 every month and that includes utilities. My partner rented a fairly simply room in Brooklyn, Bushwick and I really enjoyed living there. Bushwick is known for its drastic gentrification and while rents are still on the lower end, they’ve risen dramatically over the years. When I first came in 2014 rooms started at roughly $800 + utilities. When I came back in 2016 rooms started at roughly $1000 + utilities. The room we shared was $1000 with utilities (wifi, gas, electricity) , which we of course paid separately and were not included in the rent, that’s just what it ended up being, all things combined. It was an incredible deal, especially when considering that it was a two bedroom apartment in a very convenient location.
I used public transportation almost every single day and because of that I always went for the monthly ticket. The monthly ticket in 2016 was roughly $120 and was good for 30 days. Getting around with public transportation is relatively easy in NYC. I was not a huge fan of taking New York City’s buses because I was never quite sure when to get off as stops were hardly ever announced and there were no digital displays in the buses. I greatly enjoyed taking the subway and had 3 completely different subway stations within 10 minutes walking distance. Super convenient!
Here’s the thing: I am vegan, I love food and could eat all day, every day. I enjoy cooking and making my own meals and love shopping for food. My expenses for groceries ranged from $170 to $250 per month and that included all my meals: breakfast, lunch, dinner. I made a whole separate video about this topic that you can watch here. Buying healthy groceries in New York City can definitely be expensive if you don’t know your way around. I got my staples at Wholefoods and Trader Joe’s and went to a local supermarket for most of my produce. My staples included but where not limited to: rice, oats, farro, beans, tofu, khale, apples and bananas. Your expenses will largely depend on how you eat. While I love rice and beans it’s not that I would want to eat that every day. I do like a bit of variety and enjoy trying new recipes. Whatever your budget, you can definitely make it work for you.
I went to a laundromat to do both my partners and my laundry. My laundry routine was super simple and one load per week was therefore more than enough for the two of us. I’ve made a whole video about how you can reduce the amount of clothing you need to wash here. Each load was $2.25 (which later on increased to $2.50) which resulted in an expense of $10 per month to wash both my partners as well as my clothing. Please bear in mind, I am not fond of using the dryer. There are various reasons for that and throughout my whole stay in New York City I air-dried my clothing. I got a used drying rack of craigslist that took up very little space and was perfect for the two of us.
New York City is a very wifi friendly city. Lots of subway stops as well as shops have free wifi and whenever I needed it, it was right there. I therefore always choose a plan with just texts and minutes and paid roughly $10 per month. My plan didn’t come with a contract and I simply paid on a month to month basis. The best provider for my needs was USmobile, I really loved their customer service and their website was super easy to use. If you aren’t someone who needs 1000 texts and 1000 minutes or a new phone every 6 months then providers like USmobile may be better suited for your needs and usage.
That was it for my fixed expenses.
$890 in total is what I was spending every month on the bare essentials, regardless of what I was doing. Depending on where you are living this may seem like a lot or nothing at all. Bear in mind that rooms alone start at $1000 per month and depending on the location you may end up paying as much as $1500. For just a room. With expenses, like with all things, it’s all about perspective. If you have never lived in a big expensive city than you may perceive this as outrageous and I would be with you on that. However, it’s always best to do your research before judging someone else’s living expenses all too harshly. Cost of living can vary greatly depending on your exact location (even within a city) and so do levels of income.
The remaining $410 were then either saved or spent on trips, healthcare, adventures, gifts, hobbies, eating out and the like. I think you get the idea. There was really plenty of breathing space and $410 was more enough to play around with each and every month. Some months I ended up spending a little over $1,000 and other months I ended up spending $1,500. However, throughout my 1.5 year stay in New York City I was always well within my budget and was also able to set money aside for trips and the like. If you live frugally, focus on what’s important and spend your money and time accordingly you can totally make living in New York City work for you. If you happen to need inspiration, I can only highly recommend you to check out my videos on frugal habits and frugal tips.
*Update: I decided to amend and update this information for privacy reasons.