10 Pros and Cons of Living in New York State

New York is one of the most renowned places in the world. It is home to the vibrant city of NYC and the awe-inspiring Niagara Falls, as well as stunning natural scenery and a forward-thinking business sector. This state is also imbued with a rich history, stemming from being one of the original 13 colonies. Take a hike in the Adirondack Mountains in upstate New York or wander through charming towns like Beacon; there are lots to explore. 

So whether you’re looking for homes for sale in Albany, an apartment in the East Village, or just dipping your toes into what living in New York is like, here are ten pros and cons of living in New York to help you decide if New York is a good place to live.

Interested in moving to New York? Check out:
Homes for sale in New York | Apartments for rent in New York | Houses for rent in New York

Quick Facts about New York

Population
20,201,249

Median home sale price
$557,500

Average rent in New York
$3,560

Largest cities in New York
New York City, Buffalo, Yonkers

1. Pro: Home to the iconic New York City

There’s no denying that people move to New York to experience the iconic New York City. You’ll find your weekends filled with entertainment. Start your day at the MET, walk through Central Park and end it with a Broadway Show – we promise you won’t be bored in this city. Don’t have a car? No problem, New York City is very walkable thanks to the shops and restaurants that line the streets and the subway to connect you to charming neighborhoods.

2. Con: New York is home to the most densely populated city in the U.S.

New York City is the most densely populated city in the entire country. That number is only growing, with more than 8.8 million people in 2020. That number doesn’t include the thousands of tourists NYC attracts yearly, making the city feel crowded at all times. A great way to enjoy being close to downtown is to look at less populated neighborhoods outside the city like Larchmont and Manhasset. 

3. Pro: You’ll find beautiful scenery throughout the state

We’ll let New York City have its moment with its beautiful skyscrapers and monuments, but throughout the state, you’ll find a beauty that is sure to compare. In the winter, head over to Belleayre Mountain for snow activities like skiing or tubing. Explore the trails of nature preserves like the Falling Waters Preserve, or explore The Wild Walk, towering above the trees in an 81-acre High-Line playground.

4. Con: The cost of housing is steep

New York City has one of the highest living costs in the country. The median sale price of New York City, one of New York’s largest city is $810,000, and the average rent for a 1-bedroom apartment in New York City is $5,097. All of that said, if you live in the urban center of New York it can be a very expensive place to live. However, you can find cheaper alternatives outside the city, like Saratoga Springs, Buffalo, and other affordable places to live in New York. And if you’re deciding which city to call home, using tools like a cost of living calculator will help you make an informed decision and help you budget your expenses.

5. Pro: New York has all four seasons

One great thing about New York is that you’ll be able to experience each season fully. Snowy winters, beautiful springs, warm summers, and vibrant falls, you’ll be lucky to call this place home. Although the seasons are great to experience if you’re moving from somewhere like Arizona, you’ll need to prepare yourself for the extreme weather the seasons bring. 

6. Con: Terrible traffic getting in and out of downtown

With the significant population of NYC, getting around the city by car can be challenging. With populated streets and events happening almost every weekend, it’s best to utilize public transportation. If you live outside downtown, there are options other than driving that can get you where you need to be in no time.

7. Pro: Well connected to cities and Europe

Given its location, New York is a great place to get around. You’ll be able to get to other major cities with reliable transportation like the subway and trains, and even international travel. Home to John F. Kennedy International Airport, you’ll be able to fly to Europe in under 8 hours.

8. Con: You’ll want to bundle up for the freezing winters

If you live in New York, you know how cold the state can get in winter. You can expect daily temperatures to reach 43 degrees Fahrenheit while nightly temperatures drop below freezing. With bone-chilling wind and snowfall, temperatures likely dip well below multiple freezing days of the year. You’ll want to bundle up and prepare your home for winter.

9. Pro: The state is culturally diverse 

Many different traditions, religions, and cultures fill this state. Traditionally seen as a gateway into the country, New York has been the most popular destination for many immigrants. With different cultural backgrounds found in this state, NYC is one of the most diverse cities in the country. 

10. Con: New York has high taxes all around

There’s no denying that New York is an expensive state to live in, from income tax, sales tax, and property taxes. New York has some of the highest taxes in the nation coming in at a combined rate of 8.53%. New York state has a sales tax of 4% but combined with the New York City tax of an additional 4.5%, you’ll be paying a hefty tax that you’ll want to incorporate into your budget.

The post 10 Pros and Cons of Living in New York State appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.