New York is famous for being one of the most expensive cities to live in. As of 2020, it is rivalled only by Hong Kong, Singapore, and Osaka, Japan. It’s no wonder why – it belongs to the most densely populated state in the US and is the main hub for arts, culture, and business for the entire country. But which neighborhoods in New York top the list as the most expensive of them all?
- Nolita
Nolita, derived from “North of Little Italy”, is an area in lower Manhattan, in between Houston Street and Broome Street. It was once considered part of Little Italy, but over the years has seen an influx of developments and, as such, a rapid increase in rent prices. Nolita starts off our list as the fifth most expensive place to live in New York City, at just over $3,000,000 to buy a home and about $2800 per month to rent.
- Central Park South
Central Park South is, you’ve guessed it, the area just south of Central Park. The area is contained mainly on 59th street in Manhattan and is surrounded by boutique shops, restaurants, museums, and nightlife. Having a home with a view of Central Park, lying right in the heart of the city, will cost you around $3.05 million on average, or $3000 monthly if you’d prefer to rent.
- Tribeca
Tribeca is known for its cobblestone streets and historical industrial buildings-turned-apartments. Its signature brick buildings juxtaposed against the modern storefronts and restaurants give it a distinctive and very hip feel, so it’s no wonder that housing prices have increased so much in recent years. A home in Tribeca is around $3.1 million dollars, and rent is around $4000. The Tribeca film festival takes place there every spring, so if you’re passionate about film and have the money to spare, Tribeca might be the place for you.
- Hudson Yards
Hudson Yards, so named for its rail yards, is bordered by the Hudson River and towering skyscrapers. Its famous “Vessel” sculpture, also known as “New York City’s staircase”, is a famous tourist attraction and a part of a much larger redevelopment project. The redevelopment project has hiked rent prices almost as high as its skyscrapers, making it the second most expensive place to live in New York City. A home is around $3.2 million dollars on average, with rent being around $4000. It’s not without good reason, though – its mega-mall features restaurants from world-famous chefs and some of the city’s trendiest shops.
- Noho
Noho, meaning “North of Houston Street” is New York City’s trendiest – and most expensive – neighborhood. It’s a very upper-class neighborhood with a rich history, it once housed great modern artist Andy Warhol and the legendary CBGB music club, home base of some of the greatest artists to come out of the city. It’s the place to be if you want to be in the center of New York’s arts and culture scene, with lively galleries and live performances around every corner. If you have the $3.25 million dollars for a home, or the 5 grand per month to spare, then a home in NoHo will suit you well.
