FAQs About Manhattan's Cost of Living

Lean more about Manhattan and what it takes to survive the Big Apple in cost-of-living terms. Making it in Manhattan takes guts and determination. If you are considering living in this hopping city, read these FAQs about Manhattan's cost of living prior to making a decision.

Q: What are the wages like?

A: Manhattan has the highest cost of living in the United States, and if you plan on moving to the big city, you need to bring your education with you. Compared to the national average, making over $100,000 in Manhattan is comparable to making $50,000 in Houston, TX. The quality of life you would lead is equivalent in both cities. Picture a sliding scale with Manhattan at the upper end and the average US cost of living in the center.

Q: What can I expect to pay for rent?

A: Manhattan has the highest rent in the country, rolling in 53 percent higher than San Francisco, which is second highest in the nation. The demand to live in Manhattan is much greater than the available housing, so prices are driven up constantly. It is very desirable to live in the city because of the convenient access to anything you want while you live in a wonderful atmosphere as well.

Q: What is the cost of daycare?

A: The costs of full-time daycare in Manhattan is upwards of $25,000 per year, so if you plan on working, you need to weigh your options. This is the situation makes or breaks your decision. Look into home daycare for children or nannies that come to you. You can also try changing your work schedule if possible to distribute the responsibility among you and your spouse. Just keep in mind that people in Manhattan make it work every day, and you are just as capable.