Now that most starting college freshmen know where they will be going to school in the fall, the time has come for deciding where to live, and in New York City, living on or off campus can mean a drastic difference in cost.
A new analysis from StreetEasy determined the housing expenses that students could expect based on their decisions to either live at one of NYC’s college or in a similar space close to campus.
Generally, living on campus at colleges in Manhattan was more cost efficient while living off campus in the other boroughs would likely be a cheaper option, StreetEasy stated. Long Island University in Brooklyn was the only campus outside of Manhattan where residing on campus was less expensive than living off campus.
StreetEasy’s study compared the rate that colleges charged for on-campus single rooms to the average cost of living in a private bedroom in a surrounding off-campus neighborhood. For example, NYU’s housing rate was compared to the typical cost of a single room in Chelsea, East Village, Flatiron, Gramercy Park, Lower East Side, Nolita, Soho and the West Village.