Quote:
Originally Posted by Moneyhands23
Cost of living in NY is expensive for renters. If you own its not so bad (owning in NY would be a positive investment). Property taxes are up there but not prohibitive. Day to day life can be very reasonable if you choose to avoid high end bars and restaurants ect. I have been many times over the last 3 years, I can live on less than 50 a day eating out and enjoying the city if I want.
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But only the rich can own, average price of a 2 bedroom Manhattan apartment is about $1.9m, while percentage wise property tax seems low at 0.80% that's still over $15,000 a year. the same apartment in Calgary would cost roughly $350k with $2300.00 in property taxes.
And $50.00 a day? It must be vanilla fast food without a beer! I was recommended to try out Virgil's BBQ times square for lunch, for me and my business partner it was $110 USD and we were still hungry.