Short answer: yes. The report, compiled by SmartAsset, shows in NYC, renters pay $2,915/month on average for a one-bedroom and $3,717/month for a two-bedroom, and those who split the rent with a roommate can save $1,056/month. That means that those who share an apartment could save as much as $12,600 per year each.
Should you live with roommates in NYC?
So is it better to live with roommates? With the high demand for housing and increasing housing costs in NYC, it may be a good idea to find roommates to split the financial burden. It can even be a good idea to have roommates so you are able to save up for the future and your ultimate dream neighborhood and apartment.
Is it cheaper to live with a roommate?
Its cheaper with a roommate! In addition to saving on the usual, apartment-related bills, you can also be smarter about your living costs with roommates around. If you drive to work or school, you can carpool and split the gas fees.
Is it easy to find roommates in NYC?
In New York City, the high cost of living forces many people who normally enjoy their alone time to find a roommate. An affordable one-bedroom or an available studio apartment are often impossible to find.
Is 75k a good salary in NYC?
A $75,000 salary may not feel like a lot in New York City, but it could get you far elsewhere. We used Bankrates cost of living calculator to find the equivalent of a $75,000 NYC salary in some of the biggest US cities. For example, a $75,000 salary in Manhattan is equal to $121,561 in Los Angeles.
How many roommates can you have in New York?
New York law does not permit the number of occupants to exceed the number of tenants, and each person residing in the apartment must have a livable area of at least 80 square feet.
Why living alone is bad?
Your mental health could be in jeopardy if you live alone says a new study published in the journal PLOS ONE which has established a positive association between living alone and common mental disorder. It was found that living alone increased a persons risk for common mental disorder by 1.39 to 2.43 times.
Can you be happy living alone?
Some people are naturally happy alone. But for others, being solo is a challenge. If you fall into the latter group, there are ways to become more comfortable with being alone (yes, even if youre a hardcore extrovert).