Amidst soaring living costs in New York City, which have risen nearly 70% over the past decade, GOBankingRates has identified 12 other cities in New York where single renters can survive on a monthly budget of $2,500. The affordability ranking is based on average monthly expenses for rent, groceries, healthcare, and utilities. While the top-ranking city is Lockport, all cities listed present their own financial challenges, despite being more accessible than life in NYC.
For most New Yorkers, a life in NYC is a complete no-go due to the metro's sky-high cost of living.
GOBankingRates determined the cities in New York where one can live on $2,500 a month, factoring in the average monthly costs of rent, groceries, healthcare and utilities.
The study identified 12 cities that allow single renters to live reasonably within a $2,500 budget, despite varying costs.
By analyzing average costs associated with living in different cities, the study reveals that affordable alternatives to NYC exist.
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