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Prices may vary depending on product and service provider. Insurance will cover most expenses, with only a small co-payment required. Those relocating to New York should establish whether their employer will provide them with comprehensive health insurance coverage, or whether they would need to organise this themselves. New York City has great healthcare facilities, but this high quality of treatment comes at a price. We give you all the information to properly prepare for the move without stress. The smaller corner stores and clothes stores downtown are lots of fun to browse, but they can be pricey. Are you ready to move to NYC But you don't know - How much does it cost to move to New York. Expats will certainly find better deals outside of Manhattan but failing that, they can try buying online or from large main-street stores. However, those on a budget will still find plenty to see and do, whether it's taking a stroll in Central Park or taking advantage of one of the many free-entry museums dotted around the city.Ĭost of groceries and clothing in New York CityĮveryday groceries and clothing will be much more expensive in Manhattan than any of the other boroughs. However, the cost of public transport is high compared to other cities in the US. Those utilising public transport on a regular basis can save by purchasing travel cards.Ĭost of entertainment and eating out in New York CityĮating out at some of New York’s culinary hotspots or enjoying an evening of wine and cocktails can come at a hefty price. New York has a comprehensive subway system that covers all five boroughs, so there's no need to purchase a car. But those willing to look beyond Manhattan may be able to find good deals on housing in one of the other four boroughs. New York City is made up of five boroughs: Manhattan, Queens, The Bronx, Staten Island and Brooklyn.Įxpats who choose to live in Manhattan will find the cost of living to be extremely high, particularly those who choose accommodation in the more sought-after neighbourhoods of Manhattan. This initial supplement is designed to ease employees into life in the city it helps tremendously when it comes to finding an apartment, paying deposit fees and shouldering the burden of set-up costs while jumpstarting a new life. To help new arrivals overcome this economic intimidation, most employers will offer a relocation allowance for those moving to NYC. While the cost of living is slightly cheaper than other global cities such as Hong Kong, Tokyo and Zurich, the Big Apple is by no means a cost-friendly location. Mercer's Cost of Living Survey for 2021 ranked New York City as the 14th most expensive city out of 209 cities evaluated worldwide. New York City is considered to be the most expensive US city.