![]() ![]() In New York, a typical renter’s insurance policy runs about $300 per year for a $50,000 policy, which generally includes personal possessions, loss of use, personal liability, and medical payments to others. While the law requires the landlord to ensure the building, that insurance doesn’t extend to you or your possessions. Renters insurance, or tenants insurance, is a good idea. For a $3,000-per-month apartment, upfront costs could run to nearly $10,000! If you have a pet, a deposit is also the norm, and that varies widely. Other costs will probably include an application fee of up to $250 and a 15% broker’s fee, where applicable. Not only is the security deposit to cover any potential damages, but the landlord can also apply it to any unpaid rent. Power utility plus#As with anywhere you rent, there’s a first month ‘s rent payment, plus a security deposit of a minimum of one month’s rent. Upfront costs are another consideration when moving to New York. In the Bronx, that same apartment is $1,700 per month, with similar monthly expenses, and your after-tax salary of $38,000 will cover your costs. Add another $1,500 for groceries, entertainment, utilities, and other monthly expenses, and you’re going to need an annual salary of about $62,000 or more after taxes. In Manhattan, the most expensive borough in New York City, the average rent for a 700-square-foot apartment is $4,200 for monthly rent. In Manhattan, apartment hunting can give you real sticker shock. (The five boroughs in NYC are the Bronx, Brooklyn, Manhattan, Queens, and Staten Island. The cost of living in New York City varies from borough to borough and from neighborhood to neighborhood. In 2019, New York’s Minimum Wage Act set the minimum wage for NYC ‘s large employers (10+ employees) at $15 per hour. According to MIT’s annual Living Wage Calculator, in New York City, a single adult with no children needs to make $21.77 an hour, some $6 more an hour than a working couple with no children ($15.10 per hour). New York City is undoubtedly one of the most expensive cities to live in within the United States. According to the FBI, the Big Apple is the safest big city in the United States and according to Berkshire Hathaway Travel, NYC ranks number nine on a list of safest cities in the world. Some people may think of New York City as unsafe - but that’s a big city misconception. With weather like this, you’ll want a good heating and cooling system, as well as an affordable electricity provider that offers plans to suit your needs. You can expect snow and wind, with temperatures averaging around 28☏. Wintry weather sets in in early December and is generally on the way out by the end of January, which tends to be the coldest month. The summer weather runs from early June to mid-September, and the warmest weather is usually in July. When it comes to weather in New York City, you can expect the summers to be hot and humid, with average high temperatures of 85☏. What Is the Weather Like In New York City ? In fact, except for Tokyo, NYC is home to more Fortune 500 companies than anywhere else in the world. New York City also is home to some of the biggest names in multiple industries from tech and finance to media and sports. It truly is a city that never sleeps and the energy is unmatched. ![]() Turn any corner and you’re likely to find ethnic eateries, bodegas, and all-night pharmacies. Worldwide cuisine, art galleries, an exciting nightlife to suit just about everyone, Central Park, Broadway, an excellent public transportation system, and an incredibly eclectic population. The Big Apple has much to offer and it’s unlike any other place you’ll ever live. After all, New York City is famous for so many reasons - some of them great and some of them not so much. If you’ve decided to move to the city that never sleeps, you’re probably excited but maybe a little anxious. To help make the search a bit easier, use this guide to steer you in the right direction whether you’re making a move to NYC or upstate New York. If you’re moving to New York, you’re likely looking for information about New York electricity companies and utility setup, the cost of living in New York City or upstate New York, the best cities and neighborhoods, and more. Why? Because there are so many to choose from. New York electricity companies are one of the first things folks wonder about when they decide to move to the Big Apple. ![]()
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