How much does it cost to move out in New York City?

The total upfront cost to move out in New York City typically ranges from $8,750 to $14,000, depending on your apartment and setup needs. This includes first month's rent ($3,500), security deposit ($3,500), and move-in essentials.

What salary do I need to rent an apartment in New York City?

Following the 30% rule, you'd need a monthly income of at least $11,667 ($140,000/year) to comfortably afford the average 1BR in New York City. Many landlords require proof of income 2-3x the monthly rent.

Is New York City expensive to live in?

New York City has a cost of living index of 187 compared to the US average of 100. This means it's 87% more expensive than the national average. Housing is the biggest factor, with average rents of $3,500/month for a 1BR.

How much should I save before moving to New York City?

We recommend saving at least $17,500 to $24,500 before moving to New York City. This covers upfront costs ($8,750-$12,250) plus a 2-3 month emergency fund.

What are the hidden costs of moving to New York City?

Beyond rent and deposit, budget for: utilities setup ($150/month), internet (~$70/month), renters insurance (~$20/month), moving costs ($200-$1,500), and household essentials ($500-$2,000). Don't forget broker fees, which are common in New York City.

Can I afford to live alone in New York City?

To live alone in New York City, you need a stable income of at least $140,000/year and savings of $17,500+. If your income is lower, consider getting a roommate - this can reduce your housing costs by 30-40% and make New York City more affordable.

What is the average rent in New York City in 2026?

As of 2026, the average rent in New York City is $3,500/month for a 1-bedroom apartment and $4,500/month for a 2-bedroom. Prices vary by neighborhood - areas outside the city center tend to be 10-20% cheaper.

How much is a security deposit in New York City?

Security deposits in New York City typically equal 1 month of rent ($3,500 for an average 1BR). Additionally, most landlords require last month's rent upfront, adding another $3,500 to your move-in costs.

Is New York City a good place for first-time renters?

New York City can be challenging for first-time renters due to high costs. Consider starting with roommates or looking at more affordable neighborhoods. Use our calculator to determine if New York City fits your budget.

How long does it take to save to move out in New York City?

If you can save $1,750/month, you'll need about 10 months to save enough for New York City. With more aggressive saving ($2,800/month), you could be ready in 7 months. Our calculator shows your personalized timeline.

USCost Index: 187High Cost

New York City, NY Move Out Calculator: How Much Do You Need to Move Out?

Planning to move out in New York City? Find out exactly how much money you need with our free move-out calculator. In New York City, the average 1-bedroom apartment costs $3,500/month, you'll need approximately $10,500 in upfront costs, and a minimum salary of $140,000/year to live comfortably. New York City is considered a high cost city - use the calculator below to get your personalized budget.