Coliving in New York: The Pros, The Cons, and Everything In Between

Coliving is a relatively new concept in the United States, but it's been around for years in other parts of the world.

Coliving

By

Bridget Houlihan

on

Jan 21, 2021

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Living in New York City is expensive. It's no secret. But for young professionals and recent graduates, it can be hard to find a place to live that fits within their budget. That's where coliving comes in.

Coliving is a relatively new concept in the United States, but it's been around for years in other parts of the world.

It's basically a more affordable and social alternative to living on your own or sharing an apartment with roommates.

So what is coliving? And more importantly, is it right for you? Let's take a closer look.

What is coliving?

At its core, coliving is about community. It's about living with other people who share your values and who you can connect with on a deeper level.

Co-living spaces are usually more than just a place to sleep – they're places where people come together to socialize, work, and play. In many ways, it's like living in a college dorm, but for adults.

There are co-living spaces all over the world, but they're particularly popular in big cities like New York, San Francisco, and London.

That's because they provide an affordable housing option for young professionals who might otherwise have trouble finding a place to live on their own. For coliving in NYC, you can try SharedEasy, an affordable and popular option.

How does coliving work?

Most coliving spaces are apartments or houses that have been converted into communal living quarters.

Each person has their own private bedroom, but the kitchen, living room, and other common areas are shared.

This setup allows residents to save money on rent and also get to know their fellow colivers better.

Some coliving spaces also offer additional amenities, like communal meals, weekly social events, and on-site laundry facilities.

Others even have coworking spaces where residents can get work done.

What are the benefits of coliving?

The most obvious benefit of coliving is that it's more affordable than living on your own or renting a traditional apartment. But there are other advantages as well.

Since you're living with other people, it's easier to make friends and build a social network. This can be especially helpful if you're new to a city or if you don't have many friends in your current city.

Coliving spaces often have a strong sense of community. They're typically filled with people who are passionate about their work, their hobbies, and their city. This can make for a more enjoyable and enriching living experience.

What are the drawbacks of coliving?

Coliving isn't for everyone. If you value your privacy, and you like your own space, it might not be the right fit. And since you're living with other people, there's always the potential for conflict.

Coliving spaces can also be more expensive than traditional apartments, although this depends on the location and the amenities that are included.

Who is coliving for?

Coliving is a great option for young professionals who want to save money on rent and meet new people.

If you're the type of person who likes to socialize, and you're comfortable living in close quarters with other people, co-living could be a great option for you.

The average cost of rent for a coliving space is significantly lower than the average cost of rent for a traditional apartment, so you'll be able to save money each month.

In addition, coliving spaces are designed to promote social interaction, so you'll have plenty of opportunities to meet new people and make new friends.

Whether you're looking for an affordable place to live or a vibrant community to be a part of, coliving could be the perfect option for you.

How much does coliving cost?

The cost of coliving varies depending on the location and the amenities that are included. But in general, it's more affordable than renting a traditional apartment.

For example, a studio apartment in New York City might cost $2,000 per month. But at a coliving space, you can get a private bedroom and access to all the shared common areas for just $1,300 per month.

How to choose the right coliving space in NY

Consider Your Budget

The first step in finding the right coliving space is to consider your budget. New York City is an expensive place to live, so it's important to find a space that fits within your budget.

There are a variety of co-living spaces available at different price points, so doing some research ahead of time can help you narrow down your options.

Size Matters

The next thing to consider when choosing a coliving space is size.

How many roommates are you comfortable with? Do you prefer your own private bedroom, or are you okay with a shared room?

Once you've answered those questions, you can start narrowing down your options.

Location

The second thing to think about is location.

Do you want to be in the heart of the city, or would you prefer a quieter neighborhood?

Keep in mind that the further away from the action you are, the more expensive transportation will be. But if peace and quiet are important to you, it may be worth it to live a little further out.

Consider Your Commute

If you're working in New York City, chances are you're going to have a long commute. So when choosing a coliving space, make sure to factor that into your decision.

You'll want to find a place that's close to public transportation or, even better, close enough to walk or ride your bike to work. Trust us, your future self will thank you for it!

Think About Amenities

When considering coliving spaces, don't forget to think about amenities.

Some coliving spaces come with all the bells and whistles—gyms, common areas, kitchens stocked with appliances—while others are more bare-bones.

Decide what's important to you and factor that into your decision.

Final thoughts on coliving in New York City

Moving to New York City can be a daunting prospect, but coliving is a great option for those looking for an affordable place to live.

When choosing a co-living space, size and location are key considerations.

You'll also want to think about your commute and what amenities are important to you.

With these factors in mind, you're sure to find the perfect coliving space for your needs!

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February 19, 2022
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