Manhattan is an iconic and vibrant borough of New York City. From the bright lights of Times Square to the majesty of Central Park, it’s an exciting place to explore, live and work. If you’re considering moving to Manhattan, there are a few things you should know. This guide will cover the basics and help you make a informed decision about using Manhattan as your new home.
Basic Overview of Manhattan
Manhattan is the busiest and most populous of the five boroughs that make up New York City. With a population of over 1.6 million people and a growing hub of businesses and industries, Manhattan is constantly buzzing with energy. Residents enjoy the unique architecture and variety of cultural attractions just a short subway ride away.
Moving to Manhattan can be the perfect opportunity for career growth, but it’s important to be familiar with the city’s cost of living, housing, transportation and other essential facts before you make the move.
Cost of Living in Manhattan
The cost of living in Manhattan is notoriously high — it’s one of the most expensive cities in the world. Rent in Manhattan averages around $2,800 per month for a studio apartment, while the purchase price of a typical two-bedroom apartment is $1.3 million.
While the cost of living is high, there are some savings to be had. Local public transportation is relatively cheap, and there are plenty of free attractions like Central Park that can provide a day’s worth of entertainment without breaking the bank.
Housing Options in Manhattan
Manhattan features a variety of housing options, ranging from studios and one-bedrooms in pre-war tenement-style buildings to luxury living in newly built high-rise apartments. The best time to find housing in Manhattan is during the spring months of March and April, when demand is lower and rental properties are more plentiful.
When searching for an apartment, it’s important to be familiar with common terms and abbreviations used in rental listings. Some of the most common terms are “co-op” (a common type of housing in New York City which involves ownership of shares in the corporation that owns the property), “doorman” (a building attendant who assists with deliveries and provides security), and “monthly MCI increase” (a rent increase added to the monthly rent when specific improvements are made).
Transportation in Manhattan
Manhattan is extremely well-connected to the rest of the city and neighboring areas. The New York City Subway system is the most popular and efficient way to get around. An unlimited monthly fare costs just $121, a great deal when considering the expansive network of routes and destinations.
Buses are also an option for travel around Manhattan, with fares ranging from $2.75 to $6.75 depending on time and distance. The most cost-friendly option is to purchase a MetroCard, which can be used on either the bus or the subway system and can be refilled when necessary.
Tourist Attractions in Manhattan
Most people look forward to the chance to explore the city’s vibrant attractions and historical landmarks. When it comes to sights and activities in Manhattan, the options are truly endless. Below is a list of some must-see locations:
• Central Park — An urban oasis of over 843 acres, featuring ponds, lakes, meadows and paths.
• Times Square — A world-famous intersection in Midtown Manhattan, known for its bright lights and bustling energy.
• Empire State Building — A 102-story Art Deco skyscraper offering incredible views of the city and beyond.
• The Metropolitan Museum of Art — The largest art museum in the United States, featuring more than 2 million works of art.
• The Bronx Zoo — One of the largest urban zoos in the world, home to over 600 exotic and native animal species.
• High Line — A 1.45-mile-long elevated park built on an abandoned freight line, with incredible views of the cityscape.
• Madison Square Garden — An iconic indoor arena located in the heart of Midtown, hosting a variety of events and sports.
• Flatiron Building — An iconic triangular-shaped building that is an architectural landmark in the area.
The Nightlife Scene in Manhattan
Manhattan offers an incredibly wide variety of nightlife venues and activities to suit every taste and interest. Bars, lounges, concert venues, rooftop establishments and nightclubs are all buzzing with activity, with amazing food and drinks being served in many spots. The best areas to explore the nightlife scene are the West Village, Gramercy, Hell’s Kitchen, Midtown and the Lower East Side.
Healthcare in Manhattan
If you’re relocating to Manhattan, it’s important to choose the right healthcare provider. The city offers plenty of options, ranging from hospitals and clinics to private practice doctors and dentists. Bronx-Lebanon Hospital Center and New York Presbyterian Hospital are two of the most popular healthcare providers in Manhattan, with excellent ratings and quality of care.
Taxes in Manhattan
Manhattan is considered one of the most heavily taxed cities in the country. Residents pay 8.875% in sales tax, both state and local, on most goods and services. Property taxes are levied on both commercial and residential properties and range from 1.0% to 3.9% of the market value, depending on the location.
Making the Move to Manhattan
Manhattan is an incredible city with countless opportunities and attractions. Before you make the move, be sure to research the cost of living, housing and transportation options, as well as the city’s cultural attractions and nightlife scene. With the right preparation, you can easily make Manhattan your new home.
