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Manhattan’s amenities easily make it one of the best and most popular places to live in the city and the US overall. The borough is often referred to as the world’s financial, media, entertainment, and cultural center, and it definitely lives up to its reputation. It houses some of the world’s most important institutions, including the two largest stock exchanges, countless corporations, and excellent universities.
Besides always being within walking distance from the famous Central Park, people who choose to move here will have access to many restaurants, cafes, entertainment opportunities, and vibrant nightlife. The borough is also incredibly diverse, meaning that anyone should be able to feel at home here.
Living in a popular place like this doesn’t come cheap, as Manhattan’s cost of living is one the highest in the entire country. This is particularly true for housing, as the median home price of $1.6 million and rent cost of $5,000 are almost four times higher than the national average (according to Payscale).
The good news is that these costs vary between neighborhoods, with many communities outside Upper Manhattan being significantly more affordable. Another factor that makes the cost more manageable is the median household income, which is about 35% higher than the rest of New York City.
Manhattan’s neighborhoods provide many different opportunities despite it being the smallest NYC borough by area. While most places will cost more on average, there are still plenty of good choices that almost anyone can afford. If you’re not sure where to move, take some time to research the borough, starting with the following neighborhoods:
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