Cost of Living in New York

New York is a city of dreams, which may explain why many opt to pursue their degrees in this cosmopolitan city. However, as you might expect, it is not the cheapest place to live in. We understand how intimidating it might be to move to a new country for the first time as a student. So, to make the transition a little simpler for you, we’ve listed out all of the costs you may face while moving to New York in this blog. Read all about the cost of living in New York as a student.

Cost of Living in New York

Housing & Accommodation Cost in New York

Rent in New York depends on various factors such as choosing to live on-campus or off-campus. There are a variety of resident options available in New York. Off-campus accomodations in New York will cost your around USD 4,000 (INR 3 Lakh) per month. The amount mentioned is an average and is subjected to changes, can increase depending upon your choice of accomodation. The table below mention the average cost of living on-campus in various universities in New York:

University	Average Cost per Annum	In INR
New York University	USD 19,682	15,26,555
Cornell University	USD 9,962	7,72,662
Colgate University	USD 7,740	6,00,322
Adelphi University	USD 16,580	12,85,961

Cleaning Services in New York

Price: $119 for a studio; $129 for a one-bedroom; $139 for a two-bedroom; $189 for a three-bedroom (up to $399 for a six-bedroom); $189 for a three-bedroom (up to $399 for a six-bedroom). Alternatively, for a minimum of two hours, you can pay $35 per cleaner.

Groceries Cost in New York

The MIT Living Wage Calculator predicts that this would cost USD 3,477(INR 2,56,618)a month for an adult without children. The Calculator calculates the bare minimum required to cover necessities without falling into poverty or requiring outside assistance.

Utilities Cost in New York

For an apartment, the essentials – electricity, heating, cooling, water, and garbage – will cost roughly USD 70.83 – USD 200.00 per month(INR 5,499 – 15,529).

Mobile Bill/Wi-Fi Cost in New York

In 2020, the average cost of internet subscription was from $47 to $69 per month, depending on speed.

Healthcare & Insurance in New York

Health insurance is an important cost that must be covered. Most colleges provide international students health insurance, while others urge students to get their coverage. The average annual cost of health insurance for students is from USD 1500 to USD 2500 (1,16,475 to 1,94,125 INR).

• Health Card

To apply, go to your local City Office or Ward Office’s Residential Affairs Division. The premium is calculated using your age and prior year’s earnings.

• The Essential Benefit Plan

There’s also a plan in place for low-wage employees and unemployed people. The Essential Benefits Plan (EBP) is the bare minimum of health insurance coverage required of all New York residents. It provides essential services at an affordable price.

Commuting & Transportation Cost in New York

The most cost-effective and fastest method to move about New York is to take public transportation. A 30-day pass costs USD 127(INR 9,861)and allows you to travel the metro and local buses until midnight. Taxis, on the other hand, start at USD 2.50 for the first kilometre and USD 1.62 for the rest.

• Car Ownership

Car ownership in New York is somewhat more expensive than the national average, owing to hefty insurance and gas taxes. Without taking into account your auto loan, you should anticipate to pay roughly $2,000 each year. You may, however, control your expenditures by picking the type of automobile you buy and how you pay for it.

• Public Transportation

$2.75 for most subway users and local, limited, and Select Bus Service buses. The cost of an express bus is $6.75. Pay with a MetroCard or with OMNY’s contactless payment system.

Leisure/Entertainment Cost in Sweden

The average cost of entertainment and activities in New York City is $77 per person, per day. This covers costs paid for museum and attraction entry tickets, day excursions, and other sightseeing expenses.

Other Essential Expenses

Other expenses that overseas students must fund under the cost of living in New York include clothes, books, stationery, and other costs. The price of these things fluctuates depending on who you ask. These products might cost anything from USD 5000 to USD 6000 (3,88,250 INR to 4,65,924 INR) each year or more.

Cost of Studying in New York

Public School

According to the U.S. Census Bureau’s 2018 Annual Survey of School System Finances, New York’s $24,040-per-pupil K-12 spending is the highest in the country, nearly twice the national average of $12,612.

International/Private Schools

New York’s average private school tuition is $19,543 per year (2022). The average tuition cost for a private elementary school is $19,728 per year, while the average tuition cost for a private high school is $25,153 per year. Big Apple Academy, with a fee of $1,200, is the private school with the cheapest tuition.

Higher Education

According to the Institution Board, an in-state public college’s average college budget for the 2020-21 academic year was $26,820. 3 Tuition and fees, accommodation and board, books, materials, transportation, and other costs are all included.

Tuition Fees

The cost of studying varies for different universities in New York. However, the average cost of studying in New York is USD 40,000 which is around INR 31,00,000. To give you a better idea of the cost, here we have mentioned the annual tuition fees for some of the top universities in New York:

University	Average Tuition Fees per Annum	In INR
New York University	USD 32,695 – USD 62,062	25,34,794 – 48,11,573
Cornell University	USD  60,286	46,73,883
Colgate University	USD 61,000	47,29,238
University of Rochester	USD 40,000 – USD 64,0000	31,01,140 – 49,61,824
Adelphi University	USD 40,000	31,01,140

Student Visa And Application Cost

After receiving their acceptance letters, international students must apply for a student visa. You must register with the Student and Exchange Visitor Information System (SEVIS) and pay the costs, which are USD 350 (INR 27,184), once you have been accepted by an institution accredited by the Student and Exchange Visitor Program. International students must then apply for a student visa and pay a USD 160 cost (12,430 INR).

Average Cost Of Living For Students In New York 

The cost of living in New York City for students, which includes everything from tuition to living expenditures that you should be aware of before enrolling in a university in the city. The following is a comprehensive overview of student living expenditures in New York City.

Expense	Average Cost (USD)
Tuition fees	USD 32,000 – USD 40,000 (INR 25-31 Lakh) per annum
Rent	USD 1,288 – USD 3,864 (INR 1-3 Lakh) per month
Food	USD 2,670 (INR 2 Lakh) per annum
Conveyance	USD 127 (INR 9,373) per month
Utilities	USD 70.83 – 200.00 (INR 5,227 – 14,760) per month
Health Insurance	USD 1500 – 2500 (INR 1,10,000 – 1,83,000) per annum
Other Essential Expenses	USD 5000 – 6000 (INR 3,66,638 – 4,40,000) per annum

How To Make The Most Of Your Time In New York City?

New York has many places for students to explore like the Museum of Modern Art, On Friday nights from 4 p.m. to 8 p.m., all guests are admitted free. Students also get a discount on other days! While we’re on the subject of museums, don’t forget to visit The Metropolitan Museum of Art! The amount you pay is entirely up to you whether you live in New York State or are a student in New York, New Jersey, or Connecticut. You may also enjoy a free Staten Island ferry ride, a picnic in Central Park, a stroll through Chelsea Market, a stroll through the Brooklyn Botanical Garden, and Much More!

Also Read: Student Accommodation in USA

Calculate The Cost Of Living In New York With Leverage Edu

The consideration of how much it will cost to study as well as living expenditures always follows the decision to pursue higher education overseas. You can readily verify a program’s tuition rate and manage your funds, but determining additional costs is a difficult undertaking. As a result, we’ve created a one-of-a-kind Cost of Living Calculator that will estimate your cost of living in New York(USA) as well as other nations. Our calculator takes into account a variety of factors when calculating living expenditures, including lodging, transportation, food, and other basic requirements. It provides several alternatives and choices that you may investigate and use to estimate the cost of living in your ideal study location!

FAQs

This was all about the cost of living in new york for a student. If you need any more assistance with institutions, the application process, finances, paperwork, or anything else, call the Leverage Edu professionals at 1800572000 and let them give you outstanding end-to-end mentorship and advice to help you make your goal a reality in no time!