10 tips to save money in New York City - Laura Peruchi | NYC (2024)

If you follow my blog for a while, you know that one of the highlights here is how to explore the city on a budget. New York City is considered one of the most expensive cities in the world – to live and to visit – but my mantra is: with research and information, you can save a lot of o money! Of course, this will require more planning, but if your budget is tight, keep in mind that you can save money in many ways. And today I bring 10 tips that will help you in this mission! Remember that a lot of these tips are useful if you live here as well!

10 tips to save money in New York City - Laura Peruchi | NYC (1)

1.Think outside the box when choosing where to stay! I think the biggest mistake people make is to think that the only possibility of accommodation in the city is limited to hotels in Times Square. And that’s not true. If you are the kind of person that does not give up staying in a hotel, the tip is to search for places in other areas of the city. Long Island City, located in Queens, is just a few subway stops from Manhattan and about 10 minutes from Midtown. The area is full of hotels with cheaper rates than Manhattan – and more convenience, such as larger rooms and even breakfast. Check out some options:

You can also consider Airbnb and rent a room or an apartment. The advantage of Airbnb is usually the price and also the experience of a local. When you rent a room you will be sharing space with the host and one of the cool things is the exchange of experiences and the different tips that your host can give you.

Then, another idea to save money is to consider a hostel. This is often the choice for those traveling alone, for the possibility of interacting with people from all over the world. Many people do not like the idea because they like privacy – but, it’s good to remember that there are hostels that offer private rooms!

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2.Use public transportation! It seems obvious, but a lot of people have no idea how convenient is public transportation in New York City – and I think it is important to emphasize and reinforce this since there are those who only stay in Midtown simply because they are afraid to use the subway! Here, you don’t need to rent a car. Aside from the city’s traffic being tricky at different times of the day, parking can be quite expensive. The truth is that in New York you have to walk a lot and explore every corner of the city. Organize your script into large areas and use the subway to get to them. Do not forget that the city also has a very good bus system and a Ferry system.

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3. Want to take a cruise but your budget is tight? Enjoy a ride on the NYC Ferry, a boat transportation system that connects a lot of areas of the city. For only $2.75, you can choose one of several available lines (and still get a free transfer from one to another). My tip? The ER line, through East River, passes underneath three iconic bridges of the city.

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4. Forget yellow cabs – use apps – New York has a lot of options besides yellow cabs. You can use Uber, the most popular of all, and also Lyft and Juno. But if you want to save even more with this type of service, the tip is to use Via! Via offers shared rides through smart and fast paths. It is worth remembering that all these apps accept payment only by credit card. Remember: when using a taxi, you must leave a tip of at least 15%.

  • Use LAURAPERUCHI code for $10 on Via.
  • Use hbmmh code to get $15 on Uber.
  • Use LAURANYC to get $15 on Lyft.

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5.Group tours are cheaper than private tours – exploring the city with certified tour guides is a great way to get to know the city and have a richer experience of local knowledge. If the idea is to have this experience without compromising your budget, look for group tours – try Free Tours by Foot (don’t forget to tip your guide!).

Two other amazing group tours

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6. Take a ride on the Staten Island Ferry and enjoy views of the Statue of Liberty and Manhattan skyline. It is totally free. This Ferry connects Staten Island and Manhattan – up to 1415 passengers. Obviously, the distance is not the same as the paid boats, but I’d say it’s a pretty satisfying view. Maybe you can not get that classic photo with the Statue close to you, but I guarantee it’s worth it. Also, we must not forget the incredible view of the Manhattan skyline. Even if you go visit the Statue of Liberty – take advantage of this free opportunity to see the city during other times of day – at sunset, for example.

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7.Try your luck on the Broadway lottery. The online lottery for Broadway shows is a great way to get tickets for amazing musicals and plays for about $30 per ticket – which is very cheap for this kind of show. As the name suggests, this is a lottery, and, as you know, depends on luck, that is, there are no guarantees. This is a great choice for anyone who is open to any musical option – the trick is to try every possible lottery. Visit Broadway on a Budgetwebsite and see the options that show Digital Lottery and click for details and fill your entry. Remember: the important thing about the lottery is consistency! Put reminders every day on your phone so you do not forget to try.

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8.It is not just about fast food – here on the blog, there are several posts with tips for affordable restaurants. Save the ones that interest you on a list, to have options when you are hungry. Also, download apps like Yelp and do a search by filtering through price range ($$$). Want another tip? Many restaurants in the city have special prices for lunch on weekdays. Search Yelp for Lunch Special to find restaurants with special prices.

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9. Download Crave and Seated and save a lot of money when eating out – if you live here or if you are visiting, make sure to download Crave, an app that features live deals & discounts from top restaurants. Everything you have to do is open the app and search for deals near you, claim it, and that’s it. Discounts can be up to 50% and you present the voucher when you arrive at the restaurant. Also, make sure to download Seated and get up to 30% back on every dollar spent. Seated features hundreds of restaurants: just open it, make your reservation – or walk in – and take a picture of the receipt at the end of your meal. The cashback you get is converted to credits that you can spend at retailers like Amazon and Sephora. Make sure to use my code and get some extra credit LAURA893.

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10. Tax-free for clothing and shoes – There is no tax for clothing or footwear priced at less than $110 in New York. It is worth noting that rates are calculated per item. That is if you buy $700 in clothing and shoes and no item costs more than $ 110, your purchase will have no tax. If there are any items whose price is more than $110, only that item will be taxed.

Did you like these tips?

Laura Peruchi

Content creator and journalist in New York City. Here, I share lifestyle, beauty, NYC tips, thoughts, and the struggles about living in the most amazing city in the world! I’m not gonna pretend to be another person: I’m a Brazilian immigrant and I think this is my soul, it is part of who I am. I hope you enjoy my content! Follow me on Instagram!

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10 tips to save money in New York City - Laura Peruchi | NYC (2024)

FAQs

How do you save money in NYC? ›

Skip the Taxis and Ubers

This is one huge tip for how to save money living in NYC, as those surge prices can add up quickly! Living in NYC means getting very familiar with the trains, or try walking or biking if you're sick of the subway. Bonus: Save by not having to go to the gym!

How to save money on New York attractions? ›

Look for discounts and deals

Many of New York's attractions offer discounts for students, seniors, and military members. You'll also find deals on tickets and tours online and at discount ticket booths.

How can I make New York City better? ›

9 Ways to Transform New York into a City of Great Places
  1. Create a Comprehensive Public Space Agenda. ...
  2. Balance the Needs of Pedestrians, Transit, Bicyclists, and Cars. ...
  3. Improve Streets as Public Spaces. ...
  4. Develop a Full-Fledged Public Market Program. ...
  5. Ensure that Contemporary Architecture Creates Urban Buildings.

Do you tip in New York? ›

Tipping in New York or rest of America, it is generally 15 to 20% of bill. Travel with some cash, as it means you can easily tip your taxi driver, porter or waiter. Tipping in New York or rest of America, it is generally 15 to 20% of bill.

Is $1000 enough for 4 days in New York? ›

If you plan to stay at a 5-star hotel and dine at upscale restaurants in Manhattan, then a budget of $1000 is definitely not going to cut it. However, if you book a mid-tier hotel and take advantage of the many free things to do in New York, then a budget of $1000 is just fine.

Is $100 dollars a day enough for New York? ›

If visitors are cautious about planning their travel, accommodations, transportation and itinerary, it is absolutely possible to visit New York City on a budget and still have a great time. Here are some tips on how to successfully do New York City on $100 a day.

How much money should you take to New York for 7 days? ›

If you eat cheap and stick with free sights then $100/day/person will be more than enough. If you want to enjoy a nice dinner or two and go to some of the higher priced sights, then $200/day/person could be spent quite easily.

How can I save money in the city? ›

Saving Money in a High Cost of Living City
  1. Come up with SMART money goals for yourself. ...
  2. Find the right budgeting strategy for you. ...
  3. Take a long, hard look at your housing expenses. ...
  4. Reconsider whether or not you need your own vehicle. ...
  5. Enjoy the city!
Oct 24, 2023

How to do New York cheaply? ›

18 tips for doing New York on a budget
  1. Find free things to do. ...
  2. Feast on cheap eats. ...
  3. Plan your trip for Restaurant Week. ...
  4. Discover some green space. ...
  5. Get discounts on Broadway shows. ...
  6. When it comes to museums, time it right. ...
  7. Bed down on a budget. ...
  8. Go on a free walking tour.

How can I get the most out of living in New York? ›

Try new things as much as possible.

One of the greatest features of New York is how many places there are to go, things to do, people to meet, and foods to try. It's also one of the most daunting. It can sometimes be easy to get stuck in your own neighborhood, bouncing between your familiar, go-to places.

What would make NYC better? ›

Removing much of the heavy truck and car traffic from Midtown's clogged streets — a promise of congestion pricing — could reduce unpleasant noise, improve air quality and help New Yorkers who rely on public transit to get where they are going much faster.

What happens if I don't tip in New York? ›

In America, tipping is optional in name only.

Legally it's voluntary but if you slink out of a restaurant without leaving a gratuity of between 20 and 25 per cent, you're likely to be chased by a waiter demanding to know why.

Do you tip in McDonald's in New York? ›

Yes, Some restaurants (not fast food) automatically add a gratuity to your bill, but you can always choose not to visit those restaurants. In the USA, your money is your money and you get to choose how you use it, with few exceptions. Two such .. Many of the big chains like McDonald's don't allow it anyway.

Do you tip maids in New York? ›

If you're staying in a hotel in New York City it's standard practise to tip between 10-20%. In top end hotels with high service levels you'll likely want to tip a range of staff, such as maids, bellboys, valets and front desk employees.

What is a realistic budget for NYC? ›

The average monthly costs (without rent) are $1,574 for a single person and $5,795.70 for a family of four. The cost of housing, utilities, transportation, food and groceries, healthcare, and childcare is higher than the national average, and the city charges high local income and sales taxes.

What salary do you need to live comfortably in NYC? ›

The numbers are even higher in New York City. Researchers say a single adult needs to make more than $138,000, or an hourly wage of $66.62, to live comfortably while a family of 4 needs more than $318,000.

Is $100,000 good in New York? ›

100K doesn't go very far in New York City

But if you live and work in the tri-state, that salary doesn't go very far. "I think for New York City a hundred grand would make you pretty poor," said Parul Jain, an associate professor of finance and economics at Rutgers Business School.

How to save $1,000 in 6 months? ›

Consider these six steps to help you get started and reach your $1,000 goal.
  1. Open a savings account. What's the value in putting your emergency fund in a savings account? ...
  2. Automate. ...
  3. Cut back. ...
  4. Cut out. ...
  5. Don't give up. ...
  6. Work both ends of your budget.
Oct 10, 2023

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