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New York
#44 of 124
North America

New York

NY, United States

Salary & Cost of Living

View purchasing power ranking
Median Salary
$200,000
Based on 7850 data points from levels.fyi
Net Salary
$130,400
Tax Rate: 35%
Cost of Living
Same as New York
View detailed cost breakdown on Numbeo

Top Paying Companies in New York

Snap logo
Snap
Hudson River Trading logo
Hudson River Trading
Citadel logo
Citadel

Community Insights

New
8/10

New York is one of the strongest cities in the world for a software engineer who wants maximum career density, high-end compensation upside, and a life outside work that feels constantly alive. Redditors consistently point out that NYC has abundant opportunities, and that if you land at the right finance, hedge fund, HFT, Big Tech, or high-growth company, compensation can be on par with or better than other top US tech hubs.

The resident sentiment is not subtle: people love NYC because it is walkable, social, ambitious, diverse, and endlessly interesting. Several commenters say it is easier to make friends here than in most American cities, and others who left for places like SF, Chicago, suburbs, or other countries said they missed NYC’s energy and came back. The appeal is not just jobs; it is the feeling that whatever you care about, there is a place and a community for it.

But the warnings are just as consistent. NYC is among the least affordable cities in the dataset, and Redditors emphasize that high software salaries do not make the city cheap. Rent, taxes, restaurants, clothes, nights out, and basic convenience spending can eat through income quickly. Many advise not living in Manhattan, considering Queens/Brooklyn/Bronx or Jersey City/Hoboken, and being realistic about roommates or smaller apartments.

The biggest quality-of-life tradeoff is intensity. Residents complain about dirt, noise, crowds, smells, crime concerns, and constant stimulation. People who hate it tend to figure that out quickly and leave within a year or two. People who love it often cannot find another US city that gives them the same energy.

Overall, NYC is a high-reward, high-friction move for software engineers: excellent for ambitious, socially curious, city-loving people with strong job prospects, but a poor fit for anyone expecting space, quiet, cleanliness, low costs, or an easy immigration process.

Living Environment

Weather•Safety•Pollution•Events

Rankings

Community Events

Top 1%

#1

of 124 cities

77 events on luma

Current value

Net Income

Top 5%

#6

of 124 cities

$130,400/yr

Current value

Comfortable Weather

Top 26%

#32

of 124 cities

66/100 weather score

Current value

Housing Affordability

View affordability ranking
Avg. Property Price
$12,115 / m²
View detailed property prices on Numbeo

The Good

  • Elite career upside: Redditors note NYC has plenty of software roles, and hedge funds/HFT firms can match or even beat Silicon Valley-style compensation.
  • Strong tech and industry diversity: beyond Big Tech, NYC offers finance, media, startups, retail, healthcare, and many other industries hiring engineers.
  • No car needed: people repeatedly call walkability and subway access a huge win, with airports and daily life reachable by transit.
  • Easy to meet ambitious people: commenters push back on the stereotype that everyone is too busy, saying NYC is unusually good for making friends as an adult.
  • Endless culture and activity: residents love having restaurants, shows, nightlife, parks, events, hobbies, and niche communities available at almost any time.
  • Unique emotional pull: multiple Redditors who left said other cities felt dead or disappointing by comparison, and that returning to NYC made them “fall back in love” with the city.

The Bad

  • Extremely high cost of living: Redditors repeatedly warn that NYC is “expensive AF,” with rent and everyday spending adding up fast even for well-paid engineers.
  • Housing expectations need adjusting: a private, modern Manhattan apartment is costly; many commenters advise roommates, outer boroughs, Jersey City/Hoboken, or avoiding Manhattan altogether.
  • The city can feel dirty, loud, and overwhelming: residents specifically complain about trash, smells, dog mess, constant noise, crowds, and mentally needing a break from the intensity.

Moving Here

Hard

Relocating to New York as a foreign software engineer is career-attractive but immigration-hard. The city has one of the strongest job markets in the world for engineers, and English is the working and social default, so daily integration is easier than in many global tech hubs.

The hard part is the United States visa system: most foreign engineers need employer sponsorship, typically through routes like H-1B, L-1, O-1, or student-to-work pathways, and these can be competitive, slow, lottery-based, or employer-dependent. There is no simple US digital nomad visa, and long-term residency can take years.

Once authorized to work, social relocation is comparatively easy: NYC has a huge immigrant and expat population, international communities, and a culture where newcomers are normal. The practical hurdles are finding housing, paying deposits/fees, choosing the right borough or commuter city, and coping with the intensity of the city.

Who Is This City For?

Best for ambitious software engineers who want elite compensation upside, dense job opportunities, public transit, culture, nightlife, diversity, and a huge social scene. Avoid it if you need quiet, space, low rent, cleanliness, easy car life, or a low-stress relocation.

Updated 6/24/2026

Weather6.6/10
Safety49
Pollution58
Events77

Weather snapshot

Average High
17°C
Average Low
10°C
Sunshine Hours
2,535h/yr
Hottest Month High
29°C
Coldest Month Low
-2°C
Rainy Days
94/yr
Muggy Days
46/yr
Cloud Cover
46%

Community & Quality

New York community pulse

New York has 77 Luma events listed.

Purchasing Power

Middle of the pack

#44

of 124 cities

Home Affordability

Middle of the pack

#57

of 124 cities

≈7.4 yrs to buy 80m²

Current value

Safety Index

Middle of the pack

#82

of 124 cities

49.1/100

Current value

Pollution Score

Bottom 34%

#83

of 124 cities

58.1/100

Current value (lower is better)

Tax Rate

Bottom 32%

#86

of 124 cities

35%

Current value (lower is better)

Cost of Living

Bottom 2%

#123

of 124 cities

100/100

Current value (lower is better)

SWE Affordability
7.4 years
Safety is block-by-block: commenters mention crime concerns and the need to avoid certain neighborhoods or streets, which matches NYC’s middling safety ranking.
  • Commuting from cheaper areas can be painful: North Jersey may lower housing costs, but Redditors warn the commute can be dreadful depending on where you live.
  • High pay does not automatically mean luxury: software engineering pays very well here, but taxes, rent, restaurants, clothes, and lifestyle inflation can quickly absorb the premium.