How can people possibly afford to live in one of the most expensive cities on the planet? It\u2019s a question New Yorkers hear a lot, often delivered with a mix of awe, pity and confusion.<\/p>\n
We surveyed hundreds of New Yorkers about how they spend, splurge and save. We found that many people \u2014 rich, poor or somewhere in between \u2014 live life as a series of small calculations that add up to one big question: What makes living in New York worth it?<\/p>\n
Kerry McAuliffe weighs that question every time she looks up the cost of summer camp for one of her three children or opens a stuffed closet in her Morningside Heights apartment, close to Columbia University in Manhattan, and has a basketball fall on her head.<\/p>\n
\u201cWe\u2019re in a place where it\u2019s very tight,\u201d Ms. McAuliffe said. Her family of five lives on $140,000 a year.<\/p>\n
Their housing solution: become the super<\/p>\n
The family\u2019s monthly rent \u2014 $2,700 for their three-bedroom apartment \u2014 is their biggest expense, as it is for most New Yorkers. But they have a hack to make their housing more affordable: Ms. McAuliffe\u2019s husband, Jake Kassman, is the superintendent for their building and the one next door.<\/p>\n
He took on the super job a few years ago, after the couple\u2019s first child was born and the family realized they wouldn\u2019t be able to live only on Mr. Kassman\u2019s roughly $110,000 salary as an M.R.I. technician at Columbia University\u2019s medical center. Ms. McAuliffe had left her job in education around the same time, because the cost of child care would have canceled out her paycheck.<\/p>\n
There are perks: The family now takes in an extra $30,000 or so a year, including a few months of free rent, and their landlord recently let them knock down a wall to take over an extra bedroom in a vacant unit next door.<\/p>\n
\u2018Someone gets financial aid. Why not you?\u2019<\/p>\n
Ms. McAuliffe and Mr. Kassman spend much of their free time plotting how to provide their children with as many opportunities as they can, while weighing the cost of school and activities.<\/p>\n
The family had never seriously considered private school until a chance meeting on a playground a few years ago. Ms. McAuliffe was speaking with a neighbor who encouraged her to apply for financial aid, asking: \u201cSomeone gets financial aid. Why not you?\u201d<\/p>\n
The family applied to the nearby Cathedral School, which costs about $65,000 a year, and received a package that would cover more than half the cost for their daughter.<\/p>\n
The couple\u2019s eldest has started to ask about the after-school activities and camps that many of her friends go to. The couple splurged on a week of theater camp, which cost $1,000, and a season of swim team at the local pool, which runs $800, for her.<\/p>\n
But Ms. McAuliffe feels a pang of guilt whenever she signs her daughter up for an activity, because she can\u2019t afford classes for the younger children, both boys.<\/p>\n
\u201cOne day we\u2019ll have to do a reckoning of where the funds go,\u201d she said. \u201cMy son is like, \u2018Can I do swim team?\u2019 And I\u2019m like, \u2018We\u2019ll see.\u2019\u201d<\/p>\n
They cut back on babysitting but splurge for pizza night<\/p>\n
Since nearly all of the family\u2019s budget goes to rent and education, Ms. McAuliffe and Mr. Kassman have made peace with the fact that the frequent nights out and elaborate birthday parties that other families can afford are not part of their lives.<\/p>\n
The couple gets a babysitter only about three times a year, so they can go out to dinner for each of their birthdays and their anniversary. They know it would be good for them to go out on their own more. But, Ms. McAuliffe said, \u201cI\u2019m trying to come to terms with the idea that this is a chapter in life, and hopefully we\u2019ll be able to grow old together and talk about those things later.\u201d<\/p>\n
The family\u2019s weekly treat is Friday night pizza delivery, which usually costs $25.<\/p>\n
For the rest of the week, Ms. McAuliffe tries to keep the weekly grocery bill to about $300. She relies on quesadillas and pasta to feed the whole family, and is relieved that all three kids happily eat broccoli. But she worries about how much she\u2019ll have to stock her fridge once she has two preteen boys in the house.<\/p>\n
On weekends, the family mostly sticks to the city\u2019s bounty of free parks and playgrounds.<\/p>\n
The couple has a car, which they use to go visit family on Long Island. They sometimes take day trips upstate, to a farm or a hike, but usually drive home at night to avoid paying for an Airbnb. Just the cost of gas, an activity and a meal for the day usually runs them about $300.<\/p>\n
Their Christmas strategy: Old toys are new<\/p>\n
For Christmas, Ms. McAuliffe wrapped the open puzzles and toys that her oldest child had grown out of to make them look like new gifts for her younger children.<\/p>\n
Instead of birthday parties where the whole class is invited, Ms. McAuliffe has each of her children pick a special activity, like a trip to the Statue of Liberty, that they can attend with a friend.<\/p>\n
The family\u2019s sacrosanct splurge is a short summer vacation, usually four nights, somewhere within driving distance of the city, which typically costs about $3,000.<\/p>\n
That tradition helps the couple feel better about skipping so much of what their peers can afford. None of her children has ever been on an airplane, and she doesn\u2019t expect that to change soon.<\/p>\n
Ms. McAuliffe recently spoke with a friend who grew up in New York but left the city because of the cost of living. He asked her why she was staying, when life could be so much easier somewhere else.<\/p>\n
\u201cI just like being in New York,\u201d Ms. McAuliffe said. \u201cThere\u2019s so much to do the second you step outside your door.\u201d<\/p>\n
We want to hear from you about how you afford life in one of the most expensive cities in the world. We\u2019re looking to speak with people of all income ranges, with all kinds of living situations and professions.<\/p>\n","protected":false},"excerpt":{"rendered":"How can people possibly afford to live in one of the most expensive cities on the planet? It\u2019s…\n","protected":false},"author":2,"featured_media":110793,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[5286,5287,49713,19962,49714,9,24,55,54,56],"class_list":{"0":"post-110792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-budgets-and-budgeting","9":"tag-child-care","10":"tag-cost-of-living-and-affordability","11":"tag-finances","12":"tag-morningside-heights-manhattan","13":"tag-new-york","14":"tag-new-york-city","15":"tag-new-york-city-headlines","16":"tag-new-york-city-news","17":"tag-ny"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/110792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=110792"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/110792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/110793"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=110792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=110792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=110792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}