Son (24) will be starting a new job in NYC Financial District, where should he live?

Jersey City is a good recommendation. My father lived and worked downtown Manhattan for many years near the South Street Seaport. He ended up moving to Jersey City because he could get more for his money. It didn't take him much more time to get to and from work.
 
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How would you know where all younger people want to live, I lived here when I was that age and had no wish at all to move closer to the City, neither did most I know, simply bc we had easy access to the City and places to hang out here, and other things to do here including bars, etc., and also hiking, biking, kayaking and all manners of outdoor activities. I was just mentioning it for the OP. Maybe he is a City kid that doesn't like the idea of travel, I just put it out there as an option. Or maybe he would love it, love to save money on rent bc it is about half or less than other places mentioned here.
How old are your kids? Did they work in the city? I’ve lived here my entire life, so has my husband. When we were in our 20’s, livi g here was fine, still had many friends. However, this guy is moving to a new place, his initial friends will be those he works with. When my son had an internship in the city, a lot of nights were spent at happy hours with the guys he worked with. I think most who start out living close to Manhattan eventually move to the suburbs (I only have 2 friends my age still there, 1 has a 3 bedroom rent controlled apartment so can never leave), but I think living there is such an amazing opportunity (my 30 year old niece has been there for 5 years now and still loves it, but she’s single without kids).
 
I guessing he can pay $2500-3000?? What will that get him?

We could help him out the first year if it is super beneficial for him to be closer to work.

If this was one of my kids and that was their budget I'd tell them to look north of NYC (1 to 1 1/2 hours) purchase a home and commute instead of renting in the city.
 
How old are your kids? Did they work in the city? I’ve lived here my entire life, so has my husband. When we were in our 20’s, livi g here was fine, still had many friends. However, this guy is moving to a new place, his initial friends will be those he works with. When my son had an internship in the city, a lot of nights were spent at happy hours with the guys he worked with. I think most who start out living close to Manhattan eventually move to the suburbs (I only have 2 friends my age still there, 1 has a 3 bedroom rent controlled apartment so can never leave), but I think living there is such an amazing opportunity (my 30 year old niece has been there for 5 years now and still loves it, but she’s single without kids).
I agree. When I was in my 20's I lived on LI and worked in Manhattan. I was fine living where I did because I already had my friends that I had known for years. But I wouldn't suggest moving there from out of state to work in Manhattan.
 
I know several people who couldn't take living in NYC.
It was way too expensive for them (not just rent- everything) and the dreams they had of living a great life in NYC were just that- dreams. They ended up not liking the city at all. They were OK visiting but did not enjoy city life.

You said he's never been there, I'd suggest he visit and travel around before making any decisions on where to live. There's alot of good advice here and I'm sure he'll get some through his employer. It's good to have alot of options.
 
I know several people who couldn't take living in NYC.
It was way too expensive for them (not just rent- everything) and the dreams they had of living a great life in NYC were just that- dreams.

The person we are talking about is in finance. They will do fine living in Brooklyn. Sure they will not be living in Park Slope but there are more affordable neighborhoods if you don't mind a bit of a walk from the subway station.
 
The person we are talking about is in finance. They will do fine living in Brooklyn. Sure they will not be living in Park Slope but there are more affordable neighborhoods if you don't mind a bit of a walk from the subway station.

I didn't realize you actually knew the OP and her son.
Or is it you just have an issue with someone giving different advice from you? He may be just fine, or he may hate it. The OP asked for advice, if they only wanted it from you they probably would have just pm'd you instead of starting a public thread.

My point was that not everyone ends up liking living there. The OP's son has never even been there and I think NYC is definitely a place one should at least visit before deciding if (or where) to live in it.
That hits a nerve with you and I have no idea why.
 
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THIS. ⬆

I could have written this myself. There is no such thing as living right in the financial district. It all closes down after 6-7pm and becomes a ghost town. I find it eerie even during the days on weekends when I've had to go down there. People work in the financial district, not live there.


While there are some areas in lower Manhattan, I think he'd have a better time in Brooklyn. He'd be in normal neighborhoods, (considering NYC.) And he'd have normal local eateries, supermarkets, laundromats, dry cleaners, bars (once they fully reopen,) and movie theatres and entertainment with more post grad people his age. Not a lot of 24 year olds can really afford Manhattan to live. If he needs to take a taxi/Uber to or from work or staying out late, every once in a while, they aren't nearly as expensive as taking one to NJ, which automatically is DOUBLE the fare PLUS tolls.

Sure, he can find a place in Manhattan, but then he'd be spending ALL his money on rent, especially if he wants to live alone. If he's working in finance, he should be financially smart enough to not want to do that. There are PLENTY of other living expenses here in NYC to HAVE to spend and splurge money on. We have one of the highest costs of living in the U.S. Many expenses in the first couple years will be unforeseen necessary ones. Some spending will be stupid ones, like eating out/take out for EVERY meal and taking cabs everywhere. Having nearly all of his laundry dry cleaned since he needs starched shirts anyway for work. Then wondering where all the money went. :headache: :blush: Things that one only learns by living here for a while and learning in hindsight. :upsidedow

And he may want to really think about getting a roommate his age. There are roommate services here. Living here can be quite lonely at first, negotiating the city, and that was even before COVID. While he can ask his co-workers for tips and advice and to go out for drinks with after work, that gets old after a while, especially if they aren't his age, or he really doesn't gel well with them other than on a work level. It would be nice to have someone at home to hang with, or at least, are going through the same things his age. Many people I've known say it takes about a year getting through the culture shock of living here.
Don’t forget about Battery Park and the newer housing developments that have grown around it. Nice nabe that caters to the financial district staff and a good mix of singles and growing families. Pretty much anything you want can be acquired without leaving the area. Considered buying there after 9/11 when the R/E market made it a buyer’s market but concerns about the flood plains put me off. Must admit it’s a very expensive zip code and was planned that way.
 
I didn't realize you actually knew the OP and her son.
Or is it you just have an issue with someone giving different advice from you? He may be just fine, or he may hate it. The OP asked for advice, if they only wanted it from you they probably would have just pm'd you instead of starting a public thread.

My point was that not everyone ends up liking living there. The OP's son has never even been there and I think NYC is definitely a place one should at least visit before deciding if (or where) to live in it.
That hits a nerve with you and I have no idea why.

Prior to Covid you could walk down to Grand Central and watch the types of people rolling off of the Metro North trains. Lots of grey. Average age is pushing 60. As opposed to watching the subways roll into lower Manhattan from the hipster neighborhoods in Brooklyn. Barely a person over 30 on them. People want to live around people like themselves.
 
Don’t forget about Battery Park and the newer housing developments that have grown around it. Nice nabe that caters to the financial district staff and a good mix of singles and growing families. Pretty much anything you want can be acquired without leaving the area. Considered buying there after 9/11 when the R/E market made it a buyer’s market but concerns about the flood plains put me off. Must admit it’s a very expensive zip code and was planned that way.

No, I didn't forget. I discounted it for the very reason you mentioned: "Must admit it’s a very expensive zip code and was planned that way."
 
I’d start with Jersey City and Bed-Stuy.

Jersey City is right across the Hudson River.

Bed-Stuy is in Brooklyn.

Both of these have great commute, picturesque views, and plenty of new life.

I think by starting with these 2 areas will make it easy to compare others.
 
How old are your kids? Did they work in the city? I’ve lived here my entire life, so has my husband. When we were in our 20’s, livi g here was fine, still had many friends. However, this guy is moving to a new place, his initial friends will be those he works with. When my son had an internship in the city, a lot of nights were spent at happy hours with the guys he worked with. I think most who start out living close to Manhattan eventually move to the suburbs (I only have 2 friends my age still there, 1 has a 3 bedroom rent controlled apartment so can never leave), but I think living there is such an amazing opportunity (my 30 year old niece has been there for 5 years now and still loves it, but she’s single without kids).

I cannot go back and forth with someone over a person neither of us know as to what is best place for them to live, that is ludicrous. I hope OP looks into suggestions and figures out what works best for them.
 
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I cannot go back and forth with someone over a person neither of us know as to what is best place for them to live. How could either ever know that. I put it out there so they have choice as many don't think of going north and that was the OPs question. People I know that live here most stay as I have said and their kids don't move into the City or NJ as it is an easy access from here to the City, there is much to do here, and it's cheaper and safe also.
Where is here? I’m just as close to the financial district as I would would be in white plains, and I’d never suggest a 24 year old not from around here commute into the city if he could afford to live elsewhere. Again, growing up here and having friends here makes it easy, my first apartment after college was a town away from my parents, same with DH. Most of our high school friends came back to the area. The only people this guy is going to know are his co-workers. If he had a job in Chicago, I wouldn’t suggest he live in Naperville (where my sister moved from Chicago after her 3rd child was born, and having young kids makes it super easy to find friends). If any of my kids end up getting employment in cities not around here, I’d definitely recommend living in the city, or as close as possible. They have the rest of their lives to grow old in the burbs.
 
I agree with Jersey City and also am throwing in Hoboken. Hoboken has turned into a very young adult/young family hip urban/suburban type of place. Very walkable, tons of stuff to see and do and very easy commute to downtown.
 
Where is here? I’m just as close to the financial district as I would would be in white plains, and I’d never suggest a 24 year old not from around here commute into the city if he could afford to live elsewhere. Again, growing up here and having friends here makes it easy, my first apartment after college was a town away from my parents, same with DH. Most of our high school friends came back to the area. The only people this guy is going to know are his co-workers. If he had a job in Chicago, I wouldn’t suggest he live in Naperville (where my sister moved from Chicago after her 3rd child was born, and having young kids makes it super easy to find friends). If any of my kids end up getting employment in cities not around here, I’d definitely recommend living in the city, or as close as possible. They have the rest of their lives to grow old in the burbs.

Sigh. Most kids I know that have lived or live here feel the same way bc we have easy access to the City and it's cheaper, cleaner and safe with Lots to do. And it's beautiful here, hiking, biking, kayaking is not for the old people, and you can go into NYC all you want. My husband works in the City and we have NEVER even when we were this kid's age wanted to move there for the reasons I mention and have mentioned to you over and over. You have never lived here so you have no idea. I was just giving an option for them to check out and decide for themselves.
 
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Hoboken. Friends son live in Hoboken going to college there. Very nice place, many things to do.
 
Prior to Covid you could walk down to Grand Central and watch the types of people rolling off of the Metro North trains. Lots of grey. Average age is pushing 60. As opposed to watching the subways roll into lower Manhattan from the hipster neighborhoods in Brooklyn. Barely a person over 30 on them. People want to live around people like themselves.

I don't doubt there's grey there but I live 90 miles north of NYC, everyone here commutes and yes there are young and middle aged people that do. In fact the people with the grey are the people who have since retired because they made their money in the city but didn't have to spend it to live there.
Not everyone likes living in a big city. If you do, that is great and there is absolutely nothing wrong with suggesting it because you love it. Just as there's nothing wrong with suggesting he looks outside of the city, where he can also enjoy life at a much lower cost.
Besides, I'm not here to argue with someone who thinks they're an authority on young people and NYC, I'm here offering advice to the OP who asked for it.
 












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