Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm interested in moving to Manhattan before summer's end. I hear a lot about how expensive it is there - and I am interested in what 5k for rent will get me in Manhattan?
I know 5k is probably lunch money for some people in NYC, but I would hope I wouldn't have to live in a matchbox with that type of money.
Are there certain areas in Manhattan where 5k will get you more than others? By 'certain areas', I mean nice, desirable areas.
5K for a 1bdrm will get you a fair sized apt of very good quality.
What it gets you precisely depends on you, your wants and needs.
Any area below 96th street will be generally sufficient. Specifically which, again, depends on you and the lifestyle you want and/or need.
Your budget is plenty to live well, of course, at no level of income, will you get the same square footage as other places. Most people irregardless of income live in roughly 1000 sq ft or less. A large apartment is roughly 1200 to 1500 sq ft, and a very large apartment w/b 3000 sq ft. You would need to be wealthy for 3000. Generally, an income of roughly $150K can get you in the 1500 range. At 1000 sq ft, quality, location and price varies GREATLY.
Of course, in the boroughs and poorer sections of the city things are a bit skewed, but generally you get more space for the money. The trade off is either commuting time, safety level (which again varies greatly) or both.
At a budget of 5K for a 1bdrm, the whole of the city is at your disposal.
If you can live with a short work commute and taxiing it home during late nights, then the best bang for the buck cost and space wise w/b Brooklyn Heights in Brooklyn which is an excellent brownstone neighborhood; or Hunters Point in Queens which has a growing collection of newly built high rise towers with available parking at additional cost. Each has a 30 minute or less commute.
If you want a more diverse community, then Forest Hills in Queens might suit. A mixed group of recent and long term immigrants with a growing Transplant population which is not dominant. Here the housing is mixed, older pre-war and post-war apartment buildings, as well as post-war and new towers.
5K for a 1bdrm will get you a fair sized apt of very good quality.
What it gets you precisely depends on you, your wants and needs.
Any area below 96th street will be generally sufficient. Specifically which, again, depends on you and the lifestyle you want and/or need.
Your budget is plenty to live well, of course, at no level of income, will you get the same square footage as other places. Most people irregardless of income live in roughly 1000 sq ft or less. A large apartment is roughly 1200 to 1500 sq ft, and a very large apartment w/b 3000 sq ft. You would need to be wealthy for 3000. Generally, an income of roughly $150K can get you in the 1500 range. At 1000 sq ft, quality, location and price varies GREATLY.
Of course, in the boroughs and poorer sections of the city things are a bit skewed, but generally you get more space for the money. The trade off is either commuting time, safety level (which again varies greatly) or both.
At a budget of 5K for a 1bdrm, the whole of the city is at your disposal.
If you can live with a short work commute and taxiing it home during late nights, then the best bang for the buck cost and space wise w/b Brooklyn Heights in Brooklyn which is an excellent brownstone neighborhood; or Hunters Point in Queens which has a growing collection of newly built high rise towers with available parking at additional cost. Each has a 30 minute or less commute.
If you want a more diverse community, then Forest Hills in Queens might suit. A mixed group of recent and long term immigrants with a growing Transplant population which is not dominant. Here the housing is mixed, older pre-war and post-war apartment buildings, as well as post-war and new towers.
Hope that helps.
Define 'wealthy', if you don't mind.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
