When moving it is very important to find the right place for you and your family, however, sometimes the right place costs too much. But what if I tell you that you can find the similar real estate at another place for a bit more affordable price? In this post we will compare Manhattan housing vs Brooklyn housing and see which one is a better choice.
Nothing Beats The NYC Architecture Charm
While Manhattan has been the undisputed champion in housing interests, over the past couple of years Brooklyn has given it a run for its money. Namely, the latter has turned into one of the hottest, trendiest spots in the entire city. This has caused a noticeable influx of young families, professionals, and artists to take up residence in Brooklyn’s neighborhoods. Still, that is not to say that professional movers Manhattan has have been out of business.
As a matter of fact, the difference between Manhattan housing vs Brooklyn housing has become much less noticeable in the past years. That being said, there are still distinct nuances that give both of these boroughs their unique identity. Which one is better for you? Let’s find out.
Costs of living in Manhattan vs. Brooklyn
Before you pack your bags and call local movers NYC residents most often turn to, let’s address the financial aspect of your relocation. That is to say, let us see what both of these boroughs offer in terms of monthly bills, as well as housing costs. A quick heads up that will be helpful in both cases – costs of living in New York City are as follow:
- New York is more expensive than the US average by 20%
- Grocery and health costs are a bit higher than the national average, no more than 5%
- Housing is 30% higher than the US average, with the median home cost being $305,400
- Utilities and transportation are 15% above the average, while transportation stands out the most with a 40% higher cost
How much it will cost you to live in Manhattan?
To say that living in Manhattan will cost you a pretty penny could be considered a definition of an understatement. New York is the most expensive city to live in when it comes to the US, and Manhattan is the biggest contributor to this statistic. Let us illustrate this further:
- Overall costs of living in Manhattan are a whopping 158% higher than the national average.
- Grocery and health cost are 20% higher, and the latter 9%.
- Housing is expensive! Since the median home cost in Manhattan amounts to $1,202,300, and that is over 5 times higher than the US average.
- Utilities and transportation are both 50% higher.
The one good thing about all these staggering prices is that Manhattan moving services don’t have to be so pricey. With the right company, you will find the relocation at least to be more than affordable.
The price of living in Brooklyn
When comparing Manhattan housing vs Brooklyn housing prices, let us spoil the result right away, and say that the latter will take the win on this one. Living in Brooklyn will cost you:
- Brooklyn is 100% more expensive for living than the US average shows.
- Grocery and health costs are 17% and 12% higher than US average.
- Housing is 3,3 times more expensive than the national average, the median home cost in Brooklyn amounts to $765,100
- Utilities and transportation are 20% and 92,6% higher.
What if you choose to rent?
The average rent price you will have to pay for an apartment in Brooklyn is $2,665. The average rent for a loft in Manhattan is $4,091. And let’s not forget that most people are looking for apartments below the average rent. With this in mind, it is crucial that you compare the rent prices from various neighborhoods in these two boroughs. Although the get is getting smaller, consider Manhattan to be more expensive for living overall.
Living in NYC is expensive, whichever way you look at it. But somehow we get the feeling you already knew that.
Manhattan housing vs Brooklyn housing in terms of everyday living
Right of the bat, it is clear that Manhattan is what makes New York so famous: towering skyscrapers, flashing neon lights, that contagious, fast-paced energy. It can truly be an incredible life experience to live in this incredibly dynamic borough. Still, you would also have to get used to hoards of people. In addition, many of them are actually tourists, and out-of-towners, making it more challenging to establish meaningful connections.
On the other hand, if you find yourself yearning for more of a suburban feel, Brooklyn would be the better choice. The sense of community is almost palpable here, and the neighborhoods are more tightly-knit. And whenever you feel an itch for more diversity in your life, Manhattan is not that far away.
Lifestyle plays a big role
You will find some of the most prestigious culinary establishments in the world on Manhattan streets. All of you foodies out there will have a great opportunity to witness firsthand some of the most innovative cuisines in modern gastronomy, should you choose this borough as your home.
When it comes to attractions, one can hardly claim to know a better place other than Manhattan. From the Empire State Building to the Metropolitan Museum of Art, to the shows on and off Broadway, you will hardly catch a dull Saturday evening. The only downside is that others know about the quality of these establishments, resulting in plenty of tourists who don’t know their way around the city. The way to have the best of both worlds would probably be settling down in Brooklyn. It is but a mere 10-minute subway ride away from the insanity of Midtown and all its amenities. Not to mention that it also has its own attractions, one of which includes Cyclone in Luna Park on Brooklyn’s Coney Island.
Getting bored in Manhattan is virtually impossible. However, Brooklyn is not lacking in the fun either.
The Final Verdict
Unfortunately the only one who can judge here is you. However, this informative guide can help you realize how much money you’ll need to spend on a monthly basis if you decide to live in one of the NYC’s most popular boroughs. When comparing Manhattan housing vs Brooklyn housing, it is easy to see that both have plenty of pros, and no lack of cons.
It all comes down to your personal preferences, financial possibilities, and overall aspirations. Make sure to way your options carefully, and keep in mind that there is no great mistake here, as you can always call your movers, and relocate to another place, should you find yourself unsatisfied with your choice.
If you are currently looking for a reliable NYC moving company feel free to contact iMOVE NYC. We are open for all your questions.