How Much Money Should You Have Saved Before Moving to NYC?

Moving to New York City can be an exciting and daunting experience. With the new Broker Act, you may end up paying a broker's commission even if you don't hire one. This is why it's important to save at least four months' rent before making the move. You'll need to cover the cost of a moving truck, first and last month's rent, security deposit, packing materials, and other expenses.

To be on the safe side, calculate your rent, average utilities, food, and other expenses for a month and save that amount four times. If you want professional packing services or help arranging your items, you'll need to factor that into your budget as well. In total, you'll likely need to pay three times your monthly rent upfront when you move into your apartment. If you're looking for ways to save money for your move, consider taking on freelance work on websites like Upwork or Fiverr.

Start several months before your move so you can establish a consistent customer base. Additionally, winter is a lower season for real estate with fewer listings available and lower home prices than other seasons, so it's a great time to move if you're looking to save money. When budgeting for your move, make sure to factor in costs associated with shipping, housing, utilities, food, transportation, and any furniture you may need to purchase. If you're driving to New York City, be sure to research the tolls so you have enough money on hand when you make the move.

Gorilla Bins is a great option for moving supplies based in New York City that offers environmentally friendly packages for all types of moves. Overall, it's important to do your research and plan ahead when moving to New York City. Calculate all the costs associated with the move and make sure you have enough saved up before making the big move. With some careful planning and budgeting, you can make sure your transition into the Big Apple is as smooth as possible.