If you’ve ever dreamed of living the big city life, then there’s no time to waste in planning your move to NYC.
With New York City being known as a land of unlimited opportunity where dreams can come true, it’s no surprise there are thousands of people moving into the city yearly. In fact, 264,000 people moved to the Big Apple in 2017. Of the 264,00 people, 65% were from within the United States and 35% came from abroad. The areas that make up the largest relocation to NYC are people from New Jersey, other areas of the State of New York, and Connecticut, which amounts to 43% of those moving to NYC.
According to the 2018 United Van Lines National Movers Study, New Jersey had the highest amount of residents moving out, with 66.8% of moves being outbound. The largest reason for New Jerseyans moving out is due to career change and professional opportunity. So where are they moving to?
According to the IRS 2017-2018 migration data, New York is the state that New Jersey residents move to the most with 23,922 New Jerseyans relocating to NYC in 2017-2018 alone. This is not a new trend as between 2009 and 2015, many moved to settle into various boroughs of New York City with 81,813 moving to Manhattan, 28,171 to Queens, 27,171 to Brooklyn, and 16,713 to the Bronx.
Should you move to New York City?
If you’re currently living in New Jersey, should you move to New York City and is it the smartest option for you? One of the first noticeable differences between living in NJ and NYC is the lifestyle. While New Jersey supports a slower, suburban living, NYC offers both the fast paced, big city life in Manhattan while also giving opportunity for suburban, small town living in other boroughs. NYC is known as a city that never sleeps for a reason and the biggest benefit of living there is being close to all the action even if you choose to live in a quieter neighborhood.
The career opportunities NYC offers is evident as some people choose to work in the city even if they live in NJ. However, commute times from New Jersey to NYC might not be as convenient or time efficient compared to if you already live in the city. For instance, from Newark, NJ to Manhattan, NYC, it takes 35-40 min by car and 45 min-1 hour by train/bus/subway. From Jersey City to Manhattan, it takes 30-40 min by car and 50 min-1 hour by train/bus/subway.
Additionally, if you work in NYC while living in NJ, you will have to file taxes for both New Jersey and New York State and pay income taxes in both states. While NJ residents can receive tax credit on their tax return for any tax paid to New York, NJ also taxes your other income such as interest, dividends, capital gains, and more while New York doesn’t. It is important to keep this in mind as many believe they can save on taxes if they live in New Jersey when in reality it is largely dependent on circumstances and your income.
So how much can you expect to pay for an apartment space in NYC compared to NJ? The apartments for rent in NYC have an average of $3,902 with Manhattan having a higher average of $4,208 and Brooklyn a lower average of $2,951. In comparison, Jersey City’s rent average is $2,986, which is lower than the overall NYC average but slightly higher compared to Brooklyn. The average rent in Newark, NJ is $1,218, which is much lower than all the other rental costs.
As for home values, the median listing home price in NYC is $810,000 and $611 per sqft. In comparison, the median listing home price in Hoboken, NJ isn’t much lower at $804,500 and even has a higher price per sqft at $727 compared to NYC. Jersey City has a lower median listing home price of $629,000 and $564 per sqft.
While listings for rent and houses for sale in NJ can be either on par or even cheaper than NYC, keep in mind that the available options for rentals and homes for sale are a lot more limited compared to the NYC real estate market. It can be a lot easier to find a space to live in NYC with the significantly larger pool of properties available compared to NJ.
Tips for moving from NJ to NYC
If you’re wondering how to move to New York City while living in another state, we have plenty of tips to make your home search and moving process a lot easier.
1. Move in date
When apartment hunting in NYC, you should start your search 6 weeks ahead of your preferred move in date. This will give you time to scope out different neighborhoods and look through all your listing options in an area to see which one fits perfectly for you. The six weeks will give you time to get to know different areas of NYC along with the pricing of housing in certain areas so you can confidently find a space that fits your budget and lifestyle.
Additionally, it is important to keep in mind that the lease-signing date isn’t necessarily the same as the move in date. Rather, many times landlords will spend time cleaning and repainting the apartments after previous tenants have moved out, which means although your lease has started, you won’t be able to move in until all the repairs and cleaning has been finished.
2. Choosing the area
What parts NYC catches your eye and fits your lifestyle? It is important to narrow down your search to a few neighborhoods so you won’t be overwhelmed with all the available options. With Localize, our insights can give you an overall idea of the neighborhood. This includes transportation options, crime rate, nearby schools, construction sites, dining options, essential stores, entertainment & nightlife, and outdoor spaces.
With these detailed information about the area around the listing, you can see if that neighborhood fits your preferred lifestyle needs. You can even filter your search based on needs with Localize such as commute time, tranquil street, low crime rate, and high rated schools.
3. Seeing the place
If you’re currently living in New Jersey or out of state, it can be difficult to apartment search without being able to see the space itself. Luckily for you, Localize makes it easier for you to get an idea of the apartment, building, and neighborhood without having to leave your home. Without insights, we provide you the truth about every listing in NYC.
This includes building violations, tenant complaints, elevator issues, the amount of natural light, pricing of the listing compared to other similar ones on the market, and neighborhood insights. With our in-depth information on listings, we can help you learn both the positives and downsides of an apartment without you having to do the intensive research yourself.
Popular neighborhoods to move to in NYC
If you’re still deciding on the perfect NYC neighborhood to move to, you may want to take a look at some of the most popular neighborhoods other New Yorkers have chosen as home. Here are just five unique neighborhoods New York City has to offer. Let’s explore what makes them so special.
Williamsburg is a neighborhood in Brooklyn that is characterized by its art scene, hipster culture, and vibrant nightlife. It is known as a neighborhood where you can experience both the suburban lifestyle along with the perks of big city living. Williamsburg features many different types of people and cultures living within and is home to various ethnic enclaves such as Italians, Jews, Dominicans, Hispanics, Poles, and Puerto Ricans.
Within this area, you can find trendy and Michelin-starred restaurants, a coffee scene represented by the many cafes, a beer scene along with their casual and themed bars, nightlife and music venues, and an art scene through the hand-painted murals found all over buildings and various art galleries in the area.
Upper East Side, Manhattan
The Upper East Side is a neighborhood in Manhattan and is known as one of the most affluent neighborhoods in NYC. It is home to some of the United States’ most famous families in the 1900s such as the Kennedys, Rockerfellers, Carnegies, and Roosevelts. The neighborhood today has attracted other famous people such as celebrities, politicians, billionaires, and heiresses.
It is also home to some of the most famous museums in the world on its “Museum Mile” such as The Metropolitan Museum of Art, Andrew Carnegie Museum, Henry Clay Frick House, Jewish Museum of New York, and Society of Illustrators.
Despite the prestige view people have of the Upper East Side, there are plenty of playgrounds, community centers, and schools within it that makes it a great place to live and even raise a family. It is not only close to Central Park and other outdoor spaces, but has a vibrant nightlife with karaoke lounges and pubs on Second Avenue.
Chelsea is a neighborhood on the West Side of Manhattan and is made up of mainly residential buildings with a mix of tenements, apartment blocks, city housing projects, townhouses, and renovated townhouses. It is also known as one of the centers of NYC’s art world and is home to over 200 galleries along with various performance spaces.
Many different cultures live within Chelsea and the neighborhood has a large LGBTQ population. Due to this, the area is known for being socially diverse and inclusive. The cultural diversity within the neighborhood is represented through its ethnic restaurants, stores, and clothing boutiques. Recently, Chelsea has become a shopping destination that features famous brand names such as Comme des Garçons, Balenciaga, Christian Louboutin, and Alexander McQueen.
East Village, Manhattan
East Village is a neighborhood on the East Side of Lower Manhattan and is divided into three vibrant communities: Alphabet City, Bowery, and Little Ukraine. Alphabet City is located in the eastern section of the neighborhood and is named after avenues with single-lettered names. This area has been home to various ethnic enclaves such as German, Polish, Hispanic, and Jewish populations and today, contains a Japanese street culture within it.
Bowery is home to a diverse artistic community and is the location of Bowery Poetry Club. This area of the neighborhood also contains many new luxury condominiums due to redevelopment. Little Ukraine is an ethnic enclave in East Village. It has served as a spiritual, political, and cultural space for Ukrainian Americans in NYC since the late 19th century.
Park Slope, Brooklyn
Park Slope is a neighborhood located in northwestern Brooklyn and is made up of commercial streets, brownstones, and apartment buildings. Park Slope is known for its suburban feel with their tree-lined sidewalks, stoop-front gardens, public parks, and flower gardens.
They are also near many cultural institutions such as the Brooklyn Academy of Music, Brooklyn Conservatory, and The Brooklyn Public Library. Within the neighborhood you can find plenty of coffee shops, book cafes, dining, nightlife, shopping, access to transportation, and highly rated schools.
If you’re interested in moving to New York City, there are plenty of apartments on the market that could be your dream home. Localize is a great resource to help guide you during your apartment search. With our insights, we make the home hunting process easy and stress-free. Happy apartment hunting!