New York is a great place to live but unfortunately, it is very expensive and crowded and that is why you should know what are the most affordable places to live in New York City.

There is no other place to live that can compete with New York. It is beautiful, it is diverse, and very romantic city. This why people are trying to move to New York which makes it so expensive. Most people to prefer to live in New York and be poor rather than save all the money and live well off at any other place. It can be because of the amazing fun activities they can do here and love hustle and bustle of the city. If you are young and energetic and want to experience life to the fullest then it is better that you map out the reasonable price places in New York.

Pelham is one of those areas where you can move with your limited budget. The cost of living is a bit too high. If you have an average income of 118,125 dollars then you can live here happily. It is about 23.6 miles from New York City. Pelham is a very nice community. The best thing for you would be to stay there and get a job there. The commute to city is not too long. You can have the benefits of living in a big city without actually having to endure the problems of big city.

Ridgewood, New Jersey is another amazing place with a reasonable cost of living. The average income of people around there is 141,315 dollars. It is at a distance of 25.8 miles from New York City. Living there can be great but if you are fortunate enough to get a job there as well then your life can be great. This can bring you a fancy cost of living. This is at a comfortable distance from New York and the commute is easy and free from any hassle.

There is also Flora Park where people have the average income of 106,134 dollars. It is about 20.7 miles from New York and is very affordable. You can make a good living there and afford the commute to the city anytime you want.

If you are looking for more areas to live in New York, then check out the list of 15 Most Affordable Places to Live Near NYC on Insider Monkey.