What is the Real Price to Live in New York? Is it feasible? | SharedEasy

What is the Real Price to Live in New York? Is it feasible?

It’s no secret that it’s expensive to live in New York. According to a March 2019 report from Apartment List, the median rent for a two bedroom apartment is $2,499 in New York City. Studio and one bedroom apartments come in at $1,889 and $2,098 a month, respectively. With the national median rent for studios, one bedrooms and two bedrooms at $827, $947 and $1,175, respectively, the $1,062 difference for a studio apartment, a $1,151 deviation for a one bedroom apartment and, lastly, a $1,324 split for a two bedroom apartment is staggering.

The rent is just the first part of the expense equation. You have to factor in utilities, broker’s fees, fees for processing, large deposits (usually first and last month’s rent) and stringent background checks. Then, there is the added cost of moving your furniture, stocking the apartment – the list goes on and on.

Then there is the next big hurdle: qualifying to be considered in the rental game. Qualifying for eligibility to rent an apartment is a behemoth. Most landlords in New York City require your gross annual income (before taxes) be 40 times your monthly rent. So, for example, if you want to rent a studio for $1,500 a month, you must prove that you make at least $60,000 a year. How is that possible if you are new to the workforce, piloting a startup, striking out on your own as an artist? So what do we do?

The digital economy has changed the way we work. We’ve gone global, we are mobile – we change jobs we change projects, we travel and look for temporary solutions to housing. We want to take advantage of the geo arbitrage opportunities that await us and the excitement and creative energy that is stoked by travel, by working remotely, by collaborating with people we wouldn’t usually encounter in our daily lives. SharedEasy meets you in the digital space both in booking as well as with the living experience.

Taking our cues from Airbnb, Uber, WeWork, Lyft, ZipCar and other harbingers of the sharing economy, we offer a solution to hassle free.
It’s a new landscape for the rental experience – especially in expensive cities like New York. With the option of coliving, there are solutions. We take care of the house and we leave you to your adventures, your goals and your community.

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FAQ Frequently Asked Questions

Here are some of the FAQs by people considering transitioning to coliving.

  • What is Coliving?

    Coliving is a residential model in which individuals get a private bedroom in a furnished home with shared common areas. It is a bunch of biologically unrelated people living together in the same place. Usually, residents in a coliving space share interests, values, or intentions.

    Coliving is a type of housing where people live together in a shared space, often with shared amenities. It is a re-imagination of the age-old concept of community, based on the tenets of openness, collaboration, the sharing economy, and social networking.

    Coliving spaces can be found in cities all over the world, but they are particularly popular in New York City. There are many different types of coliving spaces, from small apartments with a few roommates to large co-living communities with hundreds of residents.

    Coliving spaces often have common areas for residents to socialize, work, and relax, as well as shared kitchen and laundry facilities.

  • What are the benefits of co-living?

    Coliving can be a great way to meet new people and make friends, as well as save money on rent and other expenses. Co-living is affordable, convenient, and flexible.

    Many co-living spaces are located in convenient locations near public transportation, restaurants, and other amenities, which makes your commute time shorter, and affords you the advantage of greater productivity.

  • What amenities are typically included in a co-living space in NYC?

    Amenities typically available in coliving spaces include laundry, kitchen, swimming pools, workspaces, access to gyms and other health clubs, leisure areas, and spas. All the utilities and WiFi are included in the rental amount. Some spaces offer access to house cleaning services, and occasionally catered parties depending on the community. Coliving spaces catering to new parents may offer a playground for the children or access to vetted child care services.

    Co-living sounds like an answer to everything you’ve ever asked about homes, neighborhoods, or life as digital nomads. Some coliving spaces offer private bedrooms and bathrooms, while others have shared sleeping and living areas. Coliving spaces often have common areas for residents to socialize, work, and relax, as well as shared kitchen and laundry facilities.

  • Is co-living a good idea?

    Coliving can be a great choice for someone who wants to move to a big city, save big on a luxury apartment, and keep things simple. However, for someone who wants to live outside a major US city and doesn’t like the idea of sharing their space, it’s not a great choice.

    It is also a great fit for those who want to belong to a company of like-minded people and build their social network. It can be very rewarding and enriching to belong to a community of people with the same interests. You get to learn, grow, and develop yourself. You can also build a great working relationship, and potentially snag yourself a mentor or a co-founder.

    All the great companies were built by people in the same network! Coliving offers flexibility and helps foster friendships between strangers. Newcomers are sure to find themselves welcomed into the community with open arms.

    Coliving is a great way to learn about the cultures of other people and appreciate diversity. Another attraction of coliving is the lifestyle. Coliving houses are situated in busy areas, so cafes, bars, and shopping are only a couple of minutes away from your house, which is great if long commutes are a chore for you. It is a plus for you if your coliving community is located in a place with excellent nightlife.

    In terms of cost, coliving is firmly within the average price range for properties, being that you’re paying for both the house and the service rendered.

  • Does SharedEasy Have an App?

    SharedEasy does not have an app at the moment, just an amazing website with ample information and details on each property. Important information includes the number of units, their availability, and the appliances contained in each unit, as well as a map of the place and a tour of the property. There’s something for everyone on the website.

  • Where Can I Find a Coliving Space?

    There are coliving spaces all over the United States. SharedEasy offers coliving options in New York and Los Angeles. If you are interested in coliving spaces in New York City, SharedEasy has many destinations for you. There are spaces in East New York, Cobble Hill, Clinton Hill, Bushwick, Brooklyn Heights, Broadway, East Village, Inwood, Soho, Chelsea, Ridgewood, Hell’s Kitchen, Harlem, Midtown East, and Jersey City.

    All these coliving apartments are furnished according to the standards, and there are pictures up on the website. Beware of websites that have listings without pictures. Most of those are scams, and in these cases, people pay a security deposit, only to lose it.