Best Places to Live for New York’s Young Professionals
It is that time of the year indeed. As we head into the month of May, new graduates will set out on their “hunting season”. That is, both hunting for a sustainable career and a reasonable place to live.
Although you may have high hopes for a reputable job and are ready to begin your lives outside of the classroom, you will likely find that New York City is not the friendliest to young professionals on a tight budget. The two biggest concerns for newly grads are probably cost and convenience. You must find the perfect apartment that will allow you to get to work on time every morning but also allow you to keep a majority of your paychecks.
As your career will likely take up the biggest chunks of your time, where you work will likely greatly influence where you live. So to begin the process, it may be helpful to figure out where the most concentrated office locations are in NYC.
1. Rockefeller Plaza — 48th to 51st Streets
Aside from the famous view of the city from atop the Rockefeller Center, the iconic business complex is home to some of the biggest corporations in the world. One of the most noticeable would be the media giant NBCUniversal, which produces shows such as The Tonight Show with Jimmy Fallon and Saturday Night Live. The area is also lively with tourist attractions and shops.
The monthly rent in this Midtown neighborhood would be a reach for most recent college graduates as a studio would require at least $1500. The prime location draws various professionals to the area to build their careers, but for the young professionals, the location may be more troublesome. With Upper East Side to the north and the lively midtown to the South, it is certainly not a place for cheap rentals.
However, the location is very reachable with subway lines B, D, F, M, E, and 6, which are all within three blocks of the plaza. With the convenience of the subway, living across the East River in Hunter’s Point (Queens) may be a great option for those who are looking to start their careers in the heart of Manhattan. The area features larger apartments with more rooms than that of Midtown but set at a cheaper price range such as the one below featured on CitySpade.
2. Times Square — 42nd Street
Simply 10 streets down from the Rockefeller Plaza is another iconic New York City tourist attraction and business hub. Times Square is not only famous for the walls of LED ads but also for the companies that reside behind those walls. Companies such as Viacom, Morgan Stanley, and MTV have chosen this area for their corporate offices.
As one of the most recognizable part of New York City, many locals would try to avoid the area. Crowded and loud, the Times Square area is probably more suitable for weekend excursions than living. However, if your work requires that you participate daily in this extravaganza, you may want to look left on the map for a place in Hell’s Kitchen.
3. Herald Square — 34th Street
This area is where the symbolic Empire State Building is located. Right by the busy cross-section of Herald Square and the largest Macy’s store in the world, the office buildings in the neighborhood have famous tenants such as Bank of America, Walgreens, and LinkedIn.
If your office is located in this area, the Herald Square subway stop and PATH station would become your weekday stops. With these stations, you are one of the lucky people to have more open options in terms of finding more affordable and convenient places to rent. With the PATH train, New Jersey’s Hoboken is simply a 20 minute train ride away. The perks to living in Hoboken would be having the charms of a small town but be in convenient reach of a big city. The rentals in the area are also much cheaper for the size of the space you would be able to have.
If you love Manhattan too much to ever leave it, even for the weekends, then you would still be in luck for having a job around this area. The Herald Square subway stop will allow you to have the convenience of major subway lines such as N, Q, R, B, D, F, M. Just two blocks away is also the Penn Station subway stop, which gives you the A, C, E lines. The two stops are within a few blocks of one another but provides 10 subway lines for easy commute to almost any neighborhood in the city.
See all available Newport (Jersey City) Units — PATH available
4. Financial District — Downtown Manhattan
FiDi, like its name, is home to Wall Street and the NYSE. It is an area that concentrates on the financial industry, with companies such as Goldman Sachs, American Express being the main tenants. However, the area has been reaching into creative fields as well with ad agencies and media companies moving in. Since the opening of the Freedom Tower, companies such as Conde Nast have joined the big players in FiDi.
In terms of convenience, the Fulton Center subway station has made FiDi a very accessible area for commuters. Fulton Center consists of subway lines 2, 3, 4, 5, A, C, J, N, R, Z.
Being a major financial hub, the area is actually relatively quiet once the workday ends. As most people rather not live where they work, the rent in the area is certainly not the worst there is in NYC.