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New York's Most Affordable Neighborhoods

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Local Movers of New York

Posted On : Nov 03, 2014

Housing in New York City is not inexpensive. While some neighborhoods lay claim to some of the most expensive pieces of real estate in the world, other less expensive neighborhoods are a bit cheaper, but still not cheap. That being said, there are still plenty of places to live in NYC for young people just getting started in their careers. Taking into account factors like safety, access to public transportation, and nightlife, you’ll find that these neighborhoods across the five boroughs of New York are both affordable and livable.

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  1. Riverdale.This Bronx neighborhood has a bit more of a suburban feel to it than some other neighborhoods on the list. Riverdale is a quiet and safe neighborhood with plenty of open green space, such as the 1,100-acre Van Cortlandt Park. Riverdale’s vicinity to the subway and the Metro-North train make commuting to and from Manhattan a breeze. There’s not much nightlife or shopping in Riverdale, but it’s only a quick ride south into Manhattan or north to Westchester.
  2. Inwood.Those who want to live in Manhattan without forking over an arm and a leg for rent might want to look into Inwood. It’s true that the island’s northernmost neighborhood is just barely in Manhattan, but it features parks, restaurants, shopping all in a peaceful and quiet atmosphere. It doesn’t get any more affordable in Manhattan: Inwood’s average real estate price is about one-third of those elsewhere in the borough.
  3. St. George. If you’re not bothered so much by a longer commute, the Staten Island community of St. George has a lot to offer. This neighborhood is known for its suburban appeal, and even has a small-town feel to it. Apartments in St. George may cost less than half as much as they do in other parts of the city. Homes there are beautiful, too. Many people have described St. George as being similar to San Francisco’s Bay Area. Another perk is proximity to the Staten Island Ferry.
  4. Greenpoint. Just next door to Williamsburg in Brooklyn is Greenpoint, a neighborhood with a feeling of a tight-knit community. If you are looking for a place to raise a family, this neighborhood is a great option. Greenpoint’s schools are among the best in the city, and for some people it will actually be possible to buy a single-family home in the neighborhood. The one downside is that the only subway line serving Greenpoint is the G, the sole subway line that never enters Manhattan. You’ll just have to be prepared for some transfers.
  5. Ridgewood. This up-and-coming neighborhood in Queens has seen an influx of young people being turned away from some Brooklyn neighborhoods’ rising rents. Ridgewood is a diverse and vibrant community with plenty of ethnic restaurants. Ridgewood is full of old, well-kept buildings giving the area a stately look. Many people don’t realize that about 10% of the neighborhood’s buildings have landmark protection status. If you plan on spending a lot of time in Williamsburg or Bushwick, Ridgewood could be convenient and affordable.
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