<p>I recently got a 28K stipend to study at a school in NYC. I know that living there would be quite expensive. However, is 28K/year enough to get by (nothing fancy)?</p>
<p>Yeah but you'll probably have to have a few roommates to keep costs down.</p>
<p>How much is it to get your own room?</p>
<p>I wonder if graduate housing is cheaper...</p>
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I wonder if graduate housing is cheaper...
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<p>Typically it's a bit more expensive (not sure about NYC). For example I pay about 20% more while having 3 roommates in a smaller apartment on-campus than my friends do living alone 20 minutes off-campus in a nicer place (moving off-campus next year for that reason). This has been the case in a few different universities that I'm familiar with.</p>
<p>Campus housing is usually more expensive. A few years ago, I remember hearing that NYU housing was $12k, not including summers. I lived with some roomates for $800/month in the same area, plus utilities, so that was about $10k for 12 months.</p>
<p>depending on what part of new york you'd be in, you can get a studio or small one bedroom from $1100-1500/month. the market's soft right now so try to get the longest lease term possible, because it's possible, even likely, that once your lease is up, the market will be stabilized again and your landlord will jack your rent up a few hundred bucks a month.</p>
<p>in any case, if the $28K is tax-free (i assume stipends aren't taxed, i don't know myself), you can live comfortably on your own.</p>
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in any case, if the $28K is tax-free (i assume stipends aren't taxed, i don't know myself), you can live comfortably on your own.
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<p>Stipends are NOT tax-free. Any part of your fellowship used for non-tuition / non-fees purposes is considered taxable income, unfortunately.</p>
<p>If the University does not withhold taxes, you are still responsible for making payments to the government throughout the year (to avoid heavy penalties in April). Either way, the University should provide you with the appropriate details.</p>
<p>quality of life will depend on what your needs are but if you share an apt with someone, IMHO you can totally get by on 28K. rents depend very much on which area you want to live in. if you go to Columbia and live in Washington heights, you can get a studio for 1000 or so. in the NYU area, rents are more expensive so you can share a 2BR or 3BR for 1000 each BR. Food is a bit expensive so if you eat out a lot, it puts a considerable dent in the pocket.</p>
<p>$28K is plenty to live off of, because ... that's what i currently get =)</p>
<p>the schools around here know full well that this city is pricier than most, that's why our stipend package is bigger than most of those around the country (i think i got $22K from a californian school). my rent's about $800 a month including utilities, a large room in a 3br/2ba apartment overlooking the river. i pay an additional $80/mo for an unlimited metrocard, but that's about it. </p>
<p>some schools (cornell, rockefeller, mt sinai maybe?) give their students $31K, but i think that's to make up for the pricier upper east side.</p>
<p>800/month for your own bedroom or do you have to share w/ another person? Do you know the price range for the apt near Weill / Sloan?</p>
<p>weill/sloan have subsidized apartments for their students, so you would probably do better living on campus, since apartments there usually include utilities etc. The upper east side is relatively expensive (esp in the 60s/70s), but you could live on the river in the 50s or 80s for ~1000/bedroom (with one of the bedrooms being a convertible bedroom)</p>
<p>I had an 800 square foot studio in the West Village when I went to NYU, in a secure doorman building and it was $2500 a month. If you want to live in the W. Village you're going to pay - but if you live in Brooklyn or someplace outside of Manhattan you can swing it.</p>
<p>$800/mo for my own bedroom (12x17). studios are generally in the $1000-$12000/mo range, one-bedrooms around $1500/mo.</p>
<p>800 sq ft is also a lot of space. nowadays you can grab a place in the west village at half that size for about $1600/month, which is more than doable on 28K/yr.</p>
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800 sq ft is also a lot of space. nowadays you can grab a place in the west village at half that size for about $1600/month, which is more than doable on 28K/yr.
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<p>... and this is why the South is a great place to go to school :D. I split $1100 a month (with utilities) with my roommate on a 2 bedroom, 1200 sq foot apartment in a gated complex in a yuppie part of town (Buckhead).</p>
<p>Yeah, this was 2006 - 2008 -the Gilded Age. I even had to pay each year in advance because the market was so crazy.</p>
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<p>I'm paying $3,500/month for a Manhattan apartment that's barely 600 sq feet.
Then if you're living in Manhattan (this doesn't apply to the any of the other boroughs) there's the 40x rent/salary rule.</p>
<p>You can get cheap rent in Brooklyn or the Bronx, though.
Harlem is also pretty inexpensive.
Most places will start at $1,200 though.</p>
<p>I'm at school in NYC, and our student housing is GREAT. I have a 2 bedroom (given, it's small) for me and my domestic partner, and we pay 1300. (NB: this is significantly below market rate!) I'm told that in the non-couples housing building, students pay about $600 for their bedroom (in a 4-6 person suite). I'd email your program and ask about student housing and how much it costs on average.</p>
<p>$1600 is WAY too much if you're making $28,000. Most apartments insist you make 40x a month's rent. 1600 x 12 = 19,200. Even if an apartment would rent to someone with this little money, after taxes, that leaves almost no money for eating.
You don't say what school you'd be attending, but there are places in Manhattan that would probably be affordable for you with roommates. Check out the roommate ads on newyork.craigslist.com for an idea of what people pay.</p>
<p>I went to school in NYC as an undergrad... I don't think its enough, unless you get by on the bare minimum and have absolutely no social life. NYC is expensive! Best of luck though :)</p>