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Banking and Finance in New York City, New York: What do you need to know?

six local experts
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From retail banking to investing, here's what six local experts had to say about finance in New York City, New York.

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New York City is well known for her excellent mass transit system, easily utilized with the use of a refillable metrocard. Owning a vehicle is as necessary as it is in many other major cities, which can lighten the financial load of living in such an expensive area considerably. Additionally, commuting by mass transit can be used as an opportunity to read, listen to music, and even get work done. However, be forewarned that there can often be construction or delays on the subway lines, causing disruption to people’s schedules; therefore, it is often necessary to allot extra time for this possibility.

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Everyone seems to know about New York City real estate, but I’ve seen many newcomers taken aback by the overall cost of living, even after doing research before the move. Plan ahead: save money to get you through the first few months, make a budget and stick to it, and do your research. it’s always a good idea to visit the city to which you plan on moving ahead of time, especially if the move involves a major lifestyle change.

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Hunter, says: 2020

New York City seems like the Holy Grail for many people. It is desirable, and elusive. While cost of living here can be astronomical, there are many housing options that won’t break the bank. Think about exploring boroughs like Brooklyn or Queens, or check out neighborhoods like Inwood or Washington Heights in Upper Manhattan. If you have friends or family in the city, ask them what they like and dislike about their own neighborhood. Midtown and Lower Manhattan are just a small percentage of the all wonderful areas New York City has to offer.

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Kimberly, says: 2020

Above all, know moving to NYC is very expensive. That being said, there are always more budget-friendly options for residents with lower salaries. Apartments located farther from the city center are lower in price, and the public transportation system makes getting around the city without a car fairly easy.

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Robert, says: 2020

1. Career Opportunities
There are plenty of career opportunities, including jobs in finance, fashion, modeling, advertising, PR and marketing.

2. Public Transport
You don’t have to drive anywhere. The subway system is awesome and cost efficient. There are also taxis, Uber, and buses to consider for some some journeys, if the subway is insufficient.

3. History and Culture
You are surrounded by history and culture. There are world-class museums and iconic buildings all.

4. Great Food
and a vibrant culture, you also have a wide range of restaurants, bars, music, and art events to keep you amused. Food from all over the world is available, most of it high quality and authentic.

5. Celebrities
If you enjoy celebrity spotting, then NYC is a great place!

6. Dating
If you are young and single, it’s a great place for meeting people and dating.

7. Reduced Crime
The dark days of the 1980s and ’90s when crime was rife are gone, and most areas of the city are pretty safe now.

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Christopher, says: 2020

The first thing one should consider when moving to NYC is whether one’s job will support the city’s expensive living costs. Once the less exciting financial planning is done, one can begin to consider which neighborhood they could live and map out a daily route, following the colorful lines of the New York subway map. It is also important for one to consider who they would like to be once they are in New York. After all, no city is better than New York to reinvent oneself.

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Melisa, says: 2020
Cost of LivingTransportationThings To DoMore...
More New York City Topics...
Cost of LivingTransportationThings To DoDiversityRestaurantsHousingHistoryShoppingJobsQuality of LifeNightlifeMusicIncome InequalityParksWeatherMuseumsPros and ConsTrafficSafety and CrimeArtParkingSanitationHomelessnessLanguageEducationSportsPoliticsReligionCoffeeDowntownBeaches

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