Calculate What You Need to Earn to Afford Rent in New York City
You might love a particular neighborhood in New York City but may have no idea if you make enough to live there. We’ve crunched the neighborhood averages and the numbers so you don’t have to.
By letting us know which neighborhood you’d like to live in and the apartment size, you can find out exactly what salary you should be making in order to afford an apartment in your chosen area. We’ll even set you up with listings in your favorite neighborhood.
To Rent 1 bedroom in , your yearly income should be at least:
Based on your income, a rental at this price should fit comfortably within your budget.
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Here are the average monthly prices for the neighborhoods you can afford:
New York and Average Rental Prices
Understanding the basics on renting in New York can help you prepare yourself to find and land your choice apartment. You can find all the info you need in this article on how to rent in New York.
If your issue is not having enough income to afford rent, we have great tips for you in these posts about finding an apartment with low income or if you’re in a situation where you don’t yet have a job.
If you don’t make enough to afford your dream neighborhood, it may be time to look at alternate neighborhoods that are similar but farther out.
Having smart search strategies can help you decide on what neighborhood is going to work for you. You may even have to search in a different borough entirely.
Manhattan is, generally speaking, the most expensive borough, followed by Brooklyn, Queens, the Bronx, and Staten Island.
Just knowing that may help hammer out what your course of action will be. If you wish to remain in Manhattan, but can’t afford anything in choice areas, you may need to look at the north end of the island.