Journeying to a new place lets you try on what living in another culture feels and looks like, whether you’re exploring the adobe house-filled streets of Santa Fe or the lantern-lit alleys of an ancient Moroccan city. Many travelers, dazzled by the rug sellers of Istanbul or the pottery workshops of Oaxaca, return with worldly housewares or art to decorate their homes.
“A textile, a clay bowl or an object you pick up at a flea market connects you to a time that you’ve enjoyed, a memory of a place,” says Hilary Robertson, a Brooklyn prop stylist and author of “Nomad At Home: Designing the Home More Traveled.” “If you can’t move to Marrakech or Kyoto, you can at least recreate something of the feeling.”
But snapping up the best items for your particular home requires a bit of strategy and advance planning. Here’s how to shop smartly, how to get your treasures back in one piece, and what to do with them upon your return.
Do your homework
You usually won’t turn up Indigenous handicrafts or interesting local art at an airport store or the hotel gift shop. “So do research before you go, looking up artisan networks, finding out which days flea markets operate, and figuring out what you might even be able to buy in a given place,” says Rachna Sachasinh, owner of Tikkiwallah, an online shop selling fair-trade Thai and Laotian pillow covers, blankets and other textiles.
Seek tips on what to buy and where to shop from your hotel concierge (or short-term rental owner), and via the websites and social media accounts of official tourism boards. You can also flip through old-school guidebooks (Lonely Planet, Rick Steves), which tend to concentrate on local retailers, rather than the location of every West Elm in Mexico City. TikTok and Instagram also offer potential shopping info, but be wary of paid brand placements.
While cool art and vintage home decor are available at most destinations, “you’ll find more handmade items like textiles, rugs and baskets if you travel to places like Morocco, India and Mexico, which still have living crafts cultures,” says Sachasinh.
Consider hiring a shopping pro
To get straight to the treasure hunting, you could hire a tour guide who specializes in shopping for a few hours. Look for market- or retail-specific experiences in your destination on travel booking sites such as TripAdvisor and Tours by Locals; using the name of a specific place (“Istanbul Grand Bazaar” or “Oaxaca pottery workshops”) can further winnow your search.
You can also try a simple online search to turn up market-savvy private guides such as Buenos Aires Shop Hop (guided jaunts to leather workshops and vintage markets in Argentina) or Maryam Montague, the proprietor of Peacock Pavilions hotel in Marrakech, who takes travelers on daylong expeditions through the city’s souks looking for fuzzy tribal rugs, bright pottery and leather poufs.
Or go on a crafts- or shopping-focused trip. Tour companies such as Ace Camps and Thread Caravan host weeklong trips to meet artisans and make things alongside them in destinations such as Perú (try weaving in the Sacred Valley near Machu Picchu) or Japan (learn how to use shibori indigo dyes or make pottery).
Luxury trip-planning company Indagare offers frequent style-centric small group tours to Mallorca, Rajasthan and Paris with dinners in designers’ homes, market excursions and meetups with artists. Grant K. Gibson, an interior designer, leads small groups to destinations such as Jaipur, India, and Oaxaca, Mexico, where they visit showrooms, learn about block printing and woodworking techniques, and usually come back with suitcases full of merchandise.
“Design touches on so many passion points — art, history and culture, food and wine — that trips like these are a great linchpin for learning, exploration and meeting fellow design enthusiasts,” says Indagare founder and chief executive Melissa Bradley.
Know what to look for
To support local artisans, look for fair-trade crafts stores, which pay creators fairly for their products and tend to stock goods representative of a destination. Other top bets: flea markets focused on handmade or antique goods, museum shops, and government-sponsored artisan boutiques or networks. For instance, Artesanías de Colombia shops in Bogotá and Cartagena hawk rope hammocks and palm fiber baskets produced by Indigenous weavers.
“And visiting an artisan workshop might give the deepest connection to something handmade, since you get talk to the crafter or even make something beside them,” says Sachasinh, who recommends the weaving workshops and the blanket- and table runner-stuffed store at Ock Pop Tok in Luang Prabang, Laos. At the Seattle Glass Blowing Studio, artists create the delicate bowls and glasses the Pacific Northwest city is known for — and teach beginners how to make their own.
Think about how you’ll get it home
Serendipity and impulse inspire many souvenir purchases. But if you want a Turkish rug for your living room or a vintage Parisian painting to match your bathroom tile, be sure to travel with photos and measurements of the space you have in mind. “I always bring a measuring tape and swatches of any fabric I want to match, too,” says Montague.
Planning on carrying a lot of items home on the plane? Stash a collapsible duffel (Paravel makes a clever zip-down one) in your luggage, or, for larger purchases, pack an extra, empty hard-sided suitcase. “It’s usually cheaper to pay for an extra checked bag than to ship a lot of things home,” says Montague. Know that oil paintings can be taken off their stretchers and rolled up, and that you can purchase a throw pillow cover that takes up little luggage space and buy the bulky insert when you arrive home.
“I’m wary of checking a bag with breakables, though,” says Bradley, who has ferried glass and pottery back from Cambodia and South Africa in a hard-sided carry-on.
And whether you are two hours away by car or five time zones away by plane, retailers that sell bulky items can generally guide you toward a shipper, even though it’s often not cheap. “I had this great farmhouse dining table shipped from the Paris flea market, and I’ve had people on my trips to India send home inlaid dressers,” says Gibson.
Get creative
Many housewares bought on your travels can be repurposed, and even ordinary goods found in other countries can seem special or elevated compared to what you’d get at home. “I go to Mexican hardware stores, because even basic items like door hooks or storage bins can be so colorful and fun,” says Robertson.
A Navajo rug can serve as a tablecloth; a beaded Maasai collar morphs into a sculpture when displayed on a wire stand. Even the simplest souvenirs — a vintage postcard of Yellowstone National Park, a scrap of fabric — look terrific when nicely framed.
Grouping disparate travel finds on a gallery wall can make them seem cohesive. “I have the most random … stuff hung on the wall of the staircase at my house — a painting from India, a brass bowl I got in Turkey,” says San Francisco interior designer Chelsea Sachs. “It’s like a chronicle of my life, and these things remind me of special moments when I get back home.” Indagare’s Bradley arranges Iranian tiles, Burmese boxes and Peruvian ceramics amid the novels and art books on her shelves.
Fabrics, buttons and other easy-to-transport materials you snap up on the road can turn into home accents, even if you aren’t especially crafty. Bring home a couple pieces of washi — a Japanese mulberry paper so storied it’s recognized by UNESCO — to hot-glue onto a lampshade or inside a wooden tray. A basket or other object can be turned into a light fixture. “I carried a huge antique rattan bird cage home on a ferry from Provincetown once, and now it’s a chandelier,” says Robertson.
And almost any textile — a striped Peruvian blanket, a vintage quilt from a flea market — can be fashioned into a throw pillow or shower curtain by your drycleaner or used to reupholster a chair seat. “Sometimes stuff has to hang around for a while before you know what you’ll do with it,” says Sachs.
You might not want to amass a cabinet full of souvenir teacups, spoons or snow globes like your great grandparents did. But the concept of picking up one small object everywhere you travel still has some validity; it might save you from overbuying, and even kitschy trinkets can summon memories. Think about scoring a holiday tree ornament or small flower vase every time you go on a trip, or save a few coins from each foreign country you visit to pile into a bowl on your coffee table. “Pieces from different places become integral to your home and allow you to reconnect with a destination and its aesthetic,” says Bradley.
New York City, often referred to as “The City That Never Sleeps,” is a place of endless possibilities. With its towering skyscrapers, vibrant neighborhoods, and a cultural scene that rivals any other city in the world, it’s no wonder that millions of people dream of calling NYC their home. However, life in this iconic metropolis comes with its own set of challenges. So whether you’re searching for a trendy loft in Brooklyn or a cozy apartment in Manhattan, you’ve come to the right place.
In this ApartmentGuide article, we’ll explore the various pros and cons of living in New York City, helping you decide if the Big Apple is the right place for you.
Fast facts about living in NYC
Population: Over 8.3 million residents
Average rent: $5,098 per month for a one-bedroom apartment
Median home sale price: $815,000
Subway stations: 472, providing extensive public transit options
Public parks: More than 1,700 green spaces for recreation and relaxation
Languages spoken: Over 800, reflecting the city’s rich cultural diversity
Annual tourists: Approximately 65 million visitors each year
Restaurants: Over 27,000, offering a wide variety of cuisines from around the world
1. Pro: NYC is a cultural and entertainment hub
New York City is a cultural mecca, offering unparalleled access to world-class theaters, museums, and music venues. Broadway shows, the Metropolitan Museum of Art, and the New York Philharmonic are just a few examples of the endless entertainment options. The city also hosts numerous cultural festivals and street fairs, celebrating everything from film and literature to food and dance. Additionally, iconic landmarks like Times Square, Central Park, and the Statue of Liberty add to the rich tapestry of experiences available.
2. Con: The housing in NYC is extremely expensive
The real estate market in NYC is notoriously expensive, with housing costs being 408% more expensive than the national average. The average rent for a one-bedroom apartment in New York, NY is $5,098 per month. The median sale price for a home in NYC is around $815k, reflecting the high cost of ownership. While outer boroughs like Brooklyn and Queens can offer slightly more affordable options, the prices are still high compared to the national average. Renters may need to consider shared living arrangements or smaller apartments to manage costs.
3. Pro: There are lots of job opportunities
New York City is an economic powerhouse with opportunities in a wide range of industries, including finance, technology, media, and fashion. Major companies such as Goldman Sachs, Google, and NBCUniversal have a significant presence here. The diverse job market means there’s potential for career growth in nearly any field.
5 of NYC’s top employers
JPMorgan Chase & Co.
Verizon Communications Inc.
Citigroup Inc.
Pfizer Inc.
Mount Sinai Health System
4. Con: High cost of living
The cost of living in New York City is 128% higher than the national average, making it one of the most expensive cities in the United States. This encompasses various daily expenses beyond housing. Transportation costs are substantial, with monthly subway passes priced at around $132, and the occasional need for taxis or rideshares adding to the expense. Groceries and dining out are also more costly compared to other parts of the country, with basic items and meals often carrying a premium price tag.
Additionally, utility bills are 5% more expensive, groceries are 15% more expensive, and healthcare is 25% more expensive than the national average. While higher salaries in New York City can help offset these expenses, many residents still find it challenging to manage their finances, save money, or afford discretionary spending.
5. Pro: Public transportation
With a transit score of 89, one of the benefits of living in NYC is its extensive public transportation system. The subway and bus networks make it possible to get around without a car, which can save money on vehicle expenses. The MTA (Metropolitan Transportation Authority) operates 24/7, covering all five boroughs, with 472 subway stations and over 300 bus routes. Monthly unlimited MetroCards provide cost-effective travel options for residents.
Additionally, the city’s walkability and availability of bike-sharing programs like Citi Bike, which offers thousands of bikes across hundreds of stations, make commuting convenient for renters who might not own a vehicle.
6. Con: Crowded and noisy
New York City is known for its hustle and bustle. The constant activity can be intense, with crowded streets, busy public transportation, and noise that rarely stops. Finding peace and quiet can be challenging, especially in lively neighborhoods. The high population density means personal space can be limited, and the sounds of construction and traffic are common. For those who prefer a quieter environment, adjusting to the city’s vibrant energy might take some time.
7. Pro: Diverse neighborhoods
NYC is a melting pot of cultures, with each NYC neighborhood offering unique character and charm. From the historic streets of Harlem to the trendy vibes of Williamsburg, there’s a place for everyone. Explore the vibrant art scene in Chelsea, enjoy the bustling markets in Chinatown, or relax in the quaint cafes of the West Village. This diversity also means a variety of cuisines, festivals, and cultural experiences are available year-round, ensuring there’s always something new to discover.
8. Con: Weather extremes
New York experiences all four seasons, which means hot, humid summers and cold, snowy winters. While some enjoy the variety, others may find the weather extremes challenging to handle. Snowstorms can disrupt daily life, affecting transportation and causing school and work closures. Summer heat waves can be uncomfortable, leading to increased energy costs for cooling. The transition seasons, spring and fall, can also be unpredictable, with sudden changes in temperature and weather conditions.
9. Pro: Access to education and healthcare
The city boasts some of the best educational institutions in the world, including Columbia University and NYU. Additionally, New York has top-notch healthcare facilities, such as NewYork-Presbyterian and Mount Sinai. This access to quality education and healthcare is a significant advantage for residents. The abundance of specialized programs and advanced research centers attracts students and professionals from all over the globe.
10. Con: High taxes
New York State has some of the highest taxes in the country, including income, property, and sales taxes. The combined state and city income tax can reach up to 12.7% for high earners, and the property taxes can also be quite burdensome. Additionally, the cost of living in New York City is significantly higher than the national average, which can exacerbate the financial strain caused by these high taxes. Residents often find themselves paying more for everyday expenses, such as groceries, utilities, and transportation. For businesses, the high corporate taxes and regulatory costs can be challenging, impacting overall profitability and growth.
11. Pro: Green spaces
Despite its urban nature, NYC offers numerous green spaces where residents can escape the concrete jungle. Central Park, Prospect Park, and the High Line are popular spots for relaxation and recreation. These parks provide a much-needed respite from the city’s fast pace.
Popular NYC parks:
Bryant Park
Washington Square Park
Riverside Park
Brooklyn Bridge Park
Flushing Meadows-Corona Park
12. Con: Competitive lifestyle
The competitive nature of NYC can be a double-edged sword. While it drives innovation and excellence, it can also lead to high-stress levels. The fast-paced lifestyle and constant pressure to succeed can be exhausting for some individuals. This environment often demands long working hours and a relentless pursuit of career advancement. Balancing work and personal life can be challenging, and the high cost of living adds to the pressure to excel.
13. Pro: Iconic landmarks
Living in New York City means having iconic landmarks like the Statue of Liberty, Times Square, and the Empire State Building at your doorstep. These sites are not only great for sightseeing but also contribute to the city’s unique character and charm.
Iconic landmarks in New York City:
Brooklyn Bridge
One World Trade Center
Rockefeller Center
Central Park
The Metropolitan Museum of Art
14. Pro: Rich cultural diversity
Known for its cultural mosaic of vibrant diversity, New York City is home to people from around the world, speaking hundreds of different languages. In neighborhoods like Little Italy, Chinatown, and Harlem, residents can experience a wide array of cuisines and traditions from different cultures. This blend of backgrounds creates a unique environment where diverse perspectives and traditions thrive. Cultural institutions, festivals, and parades throughout the city highlight this diversity, from the Lunar New Year celebrations in Chinatown to the Puerto Rican Day Parade and the annual Feast of San Gennaro in Little Italy.
IMARC Group has recently released a new research study titled “In Vitro Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global home decor market size reached US$ 749.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,087.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. The market is experiencing stable growth driven by the increasing focus on health and wellness, rising preferences for personalized and aesthetically pleasing interior designs, and integration of smart technology in decor products to provide enhanced experiences to individuals.
Global Home Decor Market Trends:
The rising influence of current fashion and design trends in home decor is positively impacting the market growth. Along with this, the burgeoning integration of augmented reality (AR) and virtual reality (VR) in the shopping process to enhance the shopping experience by allowing consumers to visualize products in their own spaces before purchase is acting as a growth-inducing factor. Apart from this, the increasing awareness of wellness, boosting the use of biophilic design principles that integrate natural elements into indoor spaces to enhance mental and emotional well-being, is creating a positive outlook for the market growth.
Request to Get the Sample Report: https://www.imarcgroup.com/home-decorative-materials-market/requestsample
Factors Affecting the Growth of the Home Decor Industry:
Changing Consumer Lifestyle and Preferences:
The changing consumer lifestyle as societal norms, economic conditions, and cultural shifts evolve, is one of the major factors boosting the market growth. Moreover, the rising adoption of remote work and flexible schedules, leading to increased demand for home office setups and ergonomic furniture is acting as a growth-inducing factor. Additionally, the growing preference for functional and aesthetically pleasing decor solutions that complement the home workspaces is fueling the market growth. Furthermore, the rising urbanization and compact living spaces, boosting the demand for multifunctional and space-saving furniture and decor, is contributing to the market growth.
Rapid Technological Advancements:
The rapid technological advancements and innovation that drive continuous evolution, thereby influencing product design, manufacturing processes, distribution channels, and consumer experiences, is enhancing the market growth. in line with this, the burgeoning integration of the Internet of Things (IoT) devices and smart home systems that revolutionize the way consumers interact with their living spaces, is propelling the market growth. Smart lighting systems, automated window treatments, and voice-controlled assistants enhance convenience and functionality while contributing to energy efficiency and environmental sustainability. Furthermore, the rising advancements in manufacturing technologies such as three-dimensional (3D) printing and automated production processes that enable greater design flexibility and customization in home decor products, is catalyzing the market growth.
Growing Focus on Environmental Sustainability and Ethical Consumerism:
The increasing awareness of environmental issues, coupled with a growing preference for ethically sourced and sustainable products, is positively impacting the market growth. in line with this, the heightened mindfulness among consumers of the environmental impact of their purchases, prompting them to seek home decor products made from renewable resources, recycled materials, and non-toxic substances, is acting as a growth-inducing factor. Moreover, the rising adoption of ethical sourcing and fair-trade practices as these have become important considerations for consumers when choosing home decor items, is promoting the market growth. Furthermore, the rising preference among consumers who are looking for home decor items that are durable, repairable, and recyclable at the end of their use, is providing a thrust to the market growth.
Key Companies:
Ashley Furniture Industries Inc. Duresta Upholstery Ltd. Forbo Holding AG Hanssem Co. Ltd. Herman Miller Inc. Inter IKEA Systems B.V. Kimball International Inc. (HNI Corporation) Koninklijke Philips N.V. Mannington Mills Inc. Mohawk Industries Inc. Samson Holding Ltd. Shaw Industries Group Inc. (Berkshire Hathaway Inc.) Sophia Home Springs Window Fashions Suofeiya Home Collection Co. Ltd.
Home Decor Market Report Segmentation:
By Product Type:
Home Furniture Home Textiles Flooring Wall Decor Lighting Others
Home furniture represents the largest segment by product type due to the increasing demand for functional and stylish furniture pieces that cater to diverse consumer preferences and lifestyles.
By Distribution Channel:
Home Decor Stores Supermarkets and Hypermarkets Online Store Gift Shops Others
Home decor stores account for the majority of the market share because they offer a wide range of curated decor items, personalized shopping experiences, and expert advice.
Regional Insights:
North America Europe Asia Pacific Middle East and Africa Latin America
North America leads the market owing to factors such as high disposable income levels, a strong housing market, and a culture that values interior design and home improvement.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=1122&flag=C
Key Highlights of the Report:
Market Performance (2018-2023) Market Outlook (2024-2032) Market Trends Market Drivers and Success Factors Impact of COVID-19 Value Chain Analysis Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Jacksonville, Florida, is a city known for its vibrant culture, stunning coastline, and diverse communities. Within its sprawling landscape, several neighborhoods stand out for their luxurious amenities, prime locations, and high-end real estate. If you’re looking to rent an apartment in Jacksonville and are curious about the most expensive neighborhoods, we’ve gathered a list of the most expensive Jacksonville neighborhoods to rent an apartment this year. These exclusive enclaves offer residents a unique blend of upscale living and proximity to Jacksonville’s finest dining, shopping, and entertainment options. Whether nestled along the picturesque waterfront or within gated communities, these neighborhoods represent the pinnacle of affluent living in the city.
13 Most Expensive Neighborhoods in Jacksonville
From the picturesque Sandalwood to the mid-century neighborhood of Ortega Hills, there several neighborhoods in Jacksonville where the average rent is higher than the city’s average of $1,343 for a 1 bedroom apartment. Whether you’re looking for an airy home to rent in Jacksonville or wondering where to live in the city, read on to find out what neighborhoods made the list.
1. Sandalwood 2. Brooklyn 3. San Marco 4. Golden Glades – The Woods 5. Windy Hill 6. Bay Meadows 7. Southeast Jacksonville 8. Secret Cove 9. Mandarin Station – Losco 10. Southside 11. Chimney Lakes 12. Deerwood 13. Ortega Hills
Let’s jump in and see what these neighborhoods have to offer.
1. Sandalwood
Average 1-bedroom rent: $2,208 Apartments for rent in Sandalwood
Sandalwood is the most expensive neighborhood in Jacksonville, as the average rent for a one-bedroom unit is $2,208. The neighborhood is a friendly area known for its suburban feel and convenient amenities. It offers a variety of housing options, including single-family homes, townhouses, and apartments. Residents have access to ample shopping and dining options, with nearby St. Johns Town Center providing a mix of major retailers, boutique shops, and diverse restaurants. The area is also home to several parks and recreational facilities, such as the Sandalwood Canal Park, which features sports fields, playgrounds, and walking trails. Additionally, Sandalwood is well-regarded for its schools and community-oriented atmosphere.
2. Brooklyn
Average 1-bedroom rent: $2,093 Apartments for rent in Brooklyn
The Brooklyn neighborhood is a vibrant and rapidly developing area known for its blend of historic charm and modern amenities. Located near downtown, Brooklyn offers residents easy access to the city’s core while maintaining a unique neighborhood feel. The area is characterized by a mix of historic homes and new apartment complexes, providing a range of housing options for renters and homeowners alike. Brooklyn is also home to the bustling Brooklyn Station on Riverside, a shopping and dining hub featuring popular spots like The Bearded Pig BBQ and Burrito Gallery. Additionally, the neighborhood boasts several parks, such as Brooklyn Park and Unity Plaza, which offer green spaces and community events, making it an attractive location for those seeking a dynamic urban lifestyle with a sense of community. The average rent for one-bedroom apartments is $2,093, which is about $600 above the city’s average, making it a pricier neighborhood. However, Brooklyn’s charm and amenities are definitely worth it.
3. San Marco
Average 1-bedroom rent: $1,966 Apartments for rent in San Marco
With an average one-bedroom rent of $1,966, San Marco is the third most expensive neighborhood in Jacksonville. The area boasts a blend of Mediterranean and early 20th-century architecture, with many beautifully preserved homes and tree-lined streets. Residents enjoy a variety of shopping and dining options like the popular Bistro AIX and Taverna on San Marco Boulevard. San Marco is also home to several parks, including the scenic Riverfront Park, offering stunning views of the St. Johns River. The neighborhood’s combination of cultural attractions, such as the historic San Marco Theatre, and its close-knit community make it an appealing place for renters of all ages.
4. Golden Glades – The Woods
Average 1-bedroom rent: $1,860 Apartments for rent in Golden Glades – The Woods
Golden Glades – The Woods is known for its serene, suburban atmosphere and well-maintained community spaces. It offers a blend of natural beauty and modern amenities, making it an attractive choice for renters. The neighborhood features a variety of shopping options, with convenient access to stores and services along Beach Boulevard and nearby shopping centers. Dining options are plentiful, with local favorites offering everything from casual eateries to more upscale dining experiences. Residents can enjoy outdoor activities at nearby parks like the Castaway Island Preserve, which offers trails, picnic areas, and stunning views of the Intracoastal Waterway.
5. Windy Hill
Average 1-bedroom rent: $1,763 Apartments for rent in Windy Hill
Next up on our list, Windy Hill is a diverse and dynamic community known for its convenient location and suburban amenities. It offers a variety of shopping options, with St. Johns Town Center nearby, providing residents with access to major retailers, dining establishments, and entertainment venues. The dining scene includes popular local spots like Cantina Louie for Mexican cuisine and Seven Bridges Grille & Brewery for American fare and craft beers. Windy Hill is home to several parks and recreational facilities, such as Windy Hill Park, which features playgrounds, sports fields, and picnic areas. Architecturally, the neighborhood boasts a mix of mid-century homes, modern single-family houses, and contemporary apartment complexes, catering to a wide range of rental preferences and lifestyles.
6. Bay Meadows
Average 1-bedroom rent: $1,687 Apartments for rent in Bay Meadows
Next up is Bay Meadows, the sixth most expensive neighborhood in Jacksonville. The area features a variety of shopping options, including the nearby St. Johns Town Center, which offers a mix of major retailers, boutiques, and dining establishments. Residents enjoy a diverse dining scene with popular spots like Cantina Laredo for Mexican cuisine. The neighborhood is also home to several parks and green spaces, such as the peaceful Baymeadows Regional Park, which provides recreational facilities and walking trails.
7. Southeast Jacksonville
Average 1-bedroom rent: $1,630 Apartments for rent in Southeast Jacksonville
Appropriately located south and east of downtown, Southeast Jacksonville has a friendly atmosphere and community-feeling, with plenty of local cafes and restaurants along Baymeadows Road. Dining in the area is diverse, with everything from upscale restaurants like The Capital Grille to casual eateries like Metro Diner. The neighborhood also boasts several parks, such as the scenic Losco Regional Park, providing ample opportunities for outdoor recreation and family activities.
8. Secret Cove
Average 1-bedroom rent: $1,550 Apartments for rent in Secret Cove
Secret Cove takes the eighth spot on our list of most expensive neighborhoods in Jacksonville. The average rent for a one-bedroom unit is roughly $300 more than the city’s average. The area is characterized by well-maintained single-family homes, often featuring spacious yards and mature trees, providing a suburban feel within the city. Secret Cove also boasts several parks and recreational areas, including the scenic Brackridge Park, which offers walking trails, playgrounds, and sports facilities. The neighborhood’s combination of quiet streets, green spaces, and proximity to amenities makes it a desirable location for renters and homeowners at all stages of life.
9. Mandarin Station – Losco
Average 1-bedroom rent: $1,525 Apartments for rent in Mandarin Station – Losco
A well-loved Jacksonville neighborhood, Mandarin Station – Losco is the next area. This area boasts a mix of single-family homes and townhouses, often set on spacious lots with lush landscaping. Residents enjoy convenient access to shopping and dining options, with the nearby Mandarin Corners Shopping Center and various local restaurants offering a range of cuisines. The neighborhood is also close to several parks, such as Losco Regional Park, which features sports fields, playgrounds, and picnic areas. With its blend of residential comfort, amenities, and green spaces, Mandarin Station – Losco is an attractive choice for those seeking a peaceful yet well-connected place to live in Jacksonville.
10. Southside
Average 1-bedroom rent: $1,499 Apartments for rent in Southside
The tenth most expensive neighborhood in Jacksonville is Southside. This area has a vibrant feeling with its popular restaurants and quirky shops. With easy access to major highways like I-95 and JTB, commuting to downtown Jacksonville or the beaches is a breeze. The area is a shopper’s paradise, featuring the St. Johns Town Center, which offers an array of high-end retailers, dining options, and entertainment venues. For those who enjoy outdoor activities, the neighborhood boasts several parks and golf courses, such as the Deerwood Country Club and the nearby Brackridge Park. Additionally, Southside’s diverse housing options, ranging from modern apartments to upscale single-family homes, cater to a variety of lifestyles and preferences
11. Chimney Lakes
Average 1-bedroom rent: $1,477 Apartments for rent in Chimney Lakes
Number 11 on our list is Chimney Lakes. Residents here enjoy easy access to the expansive Oakleaf Town Center, which features a variety of shops, restaurants, and entertainment options. The neighborhood is home to highly-rated schools such as Chimney Lakes Elementary. Outdoor enthusiasts appreciate the nearby Westside Regional Park, offering ample green space, trails, and recreational facilities. Chimney Lakes’ mix of affordable housing options, from cozy single-family homes to modern townhouses, provides a range of choices for prospective residents.
12. Deerwood
Average 1-bedroom rent: $1,415 Apartments for rent in Deerwood
Taking the 12th spot is Deerwood. The Deerwood neighborhood is known for its upscale, tranquil atmosphere and well-maintained, lush landscapes. As a gated community, it offers a sense of security and exclusivity, appealing to both families and professionals. The area also boasts several parks and recreational facilities, including golf courses, tennis courts, and walking trails, providing ample opportunities for outdoor activities. Architecturally, Deerwood showcases a variety of housing styles, from elegant single-family homes to luxurious townhouses, making it a desirable place to live for those seeking a blend of comfort and convenience.
13. Ortega Hills
Average 1-bedroom rent: $1,414 Apartments for rent in Ortega Hills
Lucky 13 on our list is Ortega Hills, a charming and quiet neighborhood known for its friendly atmosphere and scenic surroundings. Located near the St. Johns River, it offers beautiful waterfront views and a peaceful residential environment. The neighborhood features a mix of mid-century homes and more modern constructions, providing a variety of architectural styles. Ortega Hills is also close to several parks, such as Tillie K. Fowler Regional Park, which offers trails, playgrounds, and picnic areas. Additionally, residents enjoy convenient access to shopping and dining options, with various local shops and restaurants just a short drive away, making it a comfortable and pleasant place to live.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in June 2024.
Jacksonville, Florida, is a city known for its vibrant culture, stunning coastline, and diverse communities. Within its sprawling landscape, several neighborhoods stand out for their luxurious amenities, prime locations, and high-end real estate. If you’re looking to rent an apartment in Jacksonville and are curious about the most expensive neighborhoods, we’ve gathered a list of the most expensive Jacksonville neighborhoods to rent an apartment this year. These exclusive enclaves offer residents a unique blend of upscale living and proximity to Jacksonville’s finest dining, shopping, and entertainment options. Whether nestled along the picturesque waterfront or within gated communities, these neighborhoods represent the pinnacle of affluent living in the city.
13 Most Expensive Neighborhoods in Jacksonville
From the picturesque Sandalwood to the mid-century neighborhood of Ortega Hills, there several neighborhoods in Jacksonville where the average rent is higher than the city’s average of $1,343 for a 1 bedroom apartment. Whether you’re looking for an airy home to rent in Jacksonville or wondering where to live in the city, read on to find out what neighborhoods made the list.
1. Sandalwood 2. Brooklyn 3. San Marco 4. Golden Glades – The Woods 5. Windy Hill 6. Bay Meadows 7. Southeast Jacksonville 8. Secret Cove 9. Mandarin Station – Losco 10. Southside 11. Chimney Lakes 12. Deerwood 13. Ortega Hills
Let’s jump in and see what these neighborhoods have to offer.
1. Sandalwood
Average 1-bedroom rent: $2,208 Apartments for rent in Sandalwood
Sandalwood is the most expensive neighborhood in Jacksonville, as the average rent for a one-bedroom unit is $2,208. The neighborhood is a friendly area known for its suburban feel and convenient amenities. It offers a variety of housing options, including single-family homes, townhouses, and apartments. Residents have access to ample shopping and dining options, with nearby St. Johns Town Center providing a mix of major retailers, boutique shops, and diverse restaurants. The area is also home to several parks and recreational facilities, such as the Sandalwood Canal Park, which features sports fields, playgrounds, and walking trails. Additionally, Sandalwood is well-regarded for its schools and community-oriented atmosphere.
2. Brooklyn
Average 1-bedroom rent: $2,093 Apartments for rent in Brooklyn
The Brooklyn neighborhood is a vibrant and rapidly developing area known for its blend of historic charm and modern amenities. Located near downtown, Brooklyn offers residents easy access to the city’s core while maintaining a unique neighborhood feel. The area is characterized by a mix of historic homes and new apartment complexes, providing a range of housing options for renters and homeowners alike. Brooklyn is also home to the bustling Brooklyn Station on Riverside, a shopping and dining hub featuring popular spots like The Bearded Pig BBQ and Burrito Gallery. Additionally, the neighborhood boasts several parks, such as Brooklyn Park and Unity Plaza, which offer green spaces and community events, making it an attractive location for those seeking a dynamic urban lifestyle with a sense of community. The average rent for one-bedroom apartments is $2,093, which is about $600 above the city’s average, making it a pricier neighborhood. However, Brooklyn’s charm and amenities are definitely worth it.
3. San Marco
Average 1-bedroom rent: $1,966 Apartments for rent in San Marco
With an average one-bedroom rent of $1,966, San Marco is the third most expensive neighborhood in Jacksonville. The area boasts a blend of Mediterranean and early 20th-century architecture, with many beautifully preserved homes and tree-lined streets. Residents enjoy a variety of shopping and dining options like the popular Bistro AIX and Taverna on San Marco Boulevard. San Marco is also home to several parks, including the scenic Riverfront Park, offering stunning views of the St. Johns River. The neighborhood’s combination of cultural attractions, such as the historic San Marco Theatre, and its close-knit community make it an appealing place for renters of all ages.
4. Golden Glades – The Woods
Average 1-bedroom rent: $1,860 Apartments for rent in Golden Glades – The Woods
Golden Glades – The Woods is known for its serene, suburban atmosphere and well-maintained community spaces. It offers a blend of natural beauty and modern amenities, making it an attractive choice for renters. The neighborhood features a variety of shopping options, with convenient access to stores and services along Beach Boulevard and nearby shopping centers. Dining options are plentiful, with local favorites offering everything from casual eateries to more upscale dining experiences. Residents can enjoy outdoor activities at nearby parks like the Castaway Island Preserve, which offers trails, picnic areas, and stunning views of the Intracoastal Waterway.
5. Windy Hill
Average 1-bedroom rent: $1,763 Apartments for rent in Windy Hill
Next up on our list, Windy Hill is a diverse and dynamic community known for its convenient location and suburban amenities. It offers a variety of shopping options, with St. Johns Town Center nearby, providing residents with access to major retailers, dining establishments, and entertainment venues. The dining scene includes popular local spots like Cantina Louie for Mexican cuisine and Seven Bridges Grille & Brewery for American fare and craft beers. Windy Hill is home to several parks and recreational facilities, such as Windy Hill Park, which features playgrounds, sports fields, and picnic areas. Architecturally, the neighborhood boasts a mix of mid-century homes, modern single-family houses, and contemporary apartment complexes, catering to a wide range of rental preferences and lifestyles.
6. Bay Meadows
Average 1-bedroom rent: $1,687 Apartments for rent in Bay Meadows
Next up is Bay Meadows, the sixth most expensive neighborhood in Jacksonville. The area features a variety of shopping options, including the nearby St. Johns Town Center, which offers a mix of major retailers, boutiques, and dining establishments. Residents enjoy a diverse dining scene with popular spots like Cantina Laredo for Mexican cuisine. The neighborhood is also home to several parks and green spaces, such as the peaceful Baymeadows Regional Park, which provides recreational facilities and walking trails.
7. Southeast Jacksonville
Average 1-bedroom rent: $1,630 Apartments for rent in Southeast Jacksonville
Appropriately located south and east of downtown, Southeast Jacksonville has a friendly atmosphere and community-feeling, with plenty of local cafes and restaurants along Baymeadows Road. Dining in the area is diverse, with everything from upscale restaurants like The Capital Grille to casual eateries like Metro Diner. The neighborhood also boasts several parks, such as the scenic Losco Regional Park, providing ample opportunities for outdoor recreation and family activities.
8. Secret Cove
Average 1-bedroom rent: $1,550 Apartments for rent in Secret Cove
Secret Cove takes the eighth spot on our list of most expensive neighborhoods in Jacksonville. The average rent for a one-bedroom unit is roughly $300 more than the city’s average. The area is characterized by well-maintained single-family homes, often featuring spacious yards and mature trees, providing a suburban feel within the city. Secret Cove also boasts several parks and recreational areas, including the scenic Brackridge Park, which offers walking trails, playgrounds, and sports facilities. The neighborhood’s combination of quiet streets, green spaces, and proximity to amenities makes it a desirable location for renters and homeowners at all stages of life.
9. Mandarin Station – Losco
Average 1-bedroom rent: $1,525 Apartments for rent in Mandarin Station – Losco
A well-loved Jacksonville neighborhood, Mandarin Station – Losco is the next area. This area boasts a mix of single-family homes and townhouses, often set on spacious lots with lush landscaping. Residents enjoy convenient access to shopping and dining options, with the nearby Mandarin Corners Shopping Center and various local restaurants offering a range of cuisines. The neighborhood is also close to several parks, such as Losco Regional Park, which features sports fields, playgrounds, and picnic areas. With its blend of residential comfort, amenities, and green spaces, Mandarin Station – Losco is an attractive choice for those seeking a peaceful yet well-connected place to live in Jacksonville.
10. Southside
Average 1-bedroom rent: $1,499 Apartments for rent in Southside
The tenth most expensive neighborhood in Jacksonville is Southside. This area has a vibrant feeling with its popular restaurants and quirky shops. With easy access to major highways like I-95 and JTB, commuting to downtown Jacksonville or the beaches is a breeze. The area is a shopper’s paradise, featuring the St. Johns Town Center, which offers an array of high-end retailers, dining options, and entertainment venues. For those who enjoy outdoor activities, the neighborhood boasts several parks and golf courses, such as the Deerwood Country Club and the nearby Brackridge Park. Additionally, Southside’s diverse housing options, ranging from modern apartments to upscale single-family homes, cater to a variety of lifestyles and preferences
11. Chimney Lakes
Average 1-bedroom rent: $1,477 Apartments for rent in Chimney Lakes
Number 11 on our list is Chimney Lakes. Residents here enjoy easy access to the expansive Oakleaf Town Center, which features a variety of shops, restaurants, and entertainment options. The neighborhood is home to highly-rated schools such as Chimney Lakes Elementary. Outdoor enthusiasts appreciate the nearby Westside Regional Park, offering ample green space, trails, and recreational facilities. Chimney Lakes’ mix of affordable housing options, from cozy single-family homes to modern townhouses, provides a range of choices for prospective residents.
12. Deerwood
Average 1-bedroom rent: $1,415 Apartments for rent in Deerwood
Taking the 12th spot is Deerwood. The Deerwood neighborhood is known for its upscale, tranquil atmosphere and well-maintained, lush landscapes. As a gated community, it offers a sense of security and exclusivity, appealing to both families and professionals. The area also boasts several parks and recreational facilities, including golf courses, tennis courts, and walking trails, providing ample opportunities for outdoor activities. Architecturally, Deerwood showcases a variety of housing styles, from elegant single-family homes to luxurious townhouses, making it a desirable place to live for those seeking a blend of comfort and convenience.
13. Ortega Hills
Average 1-bedroom rent: $1,414 Apartments for rent in Ortega Hills
Lucky 13 on our list is Ortega Hills, a charming and quiet neighborhood known for its friendly atmosphere and scenic surroundings. Located near the St. Johns River, it offers beautiful waterfront views and a peaceful residential environment. The neighborhood features a mix of mid-century homes and more modern constructions, providing a variety of architectural styles. Ortega Hills is also close to several parks, such as Tillie K. Fowler Regional Park, which offers trails, playgrounds, and picnic areas. Additionally, residents enjoy convenient access to shopping and dining options, with various local shops and restaurants just a short drive away, making it a comfortable and pleasant place to live.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in June 2024.
Inside: The decision on where you live is a big life choice. Learn how an HCOL vs LCOL area will impact you financially. Plus find the cost of living city that fits for you.
HCOL. LOCL. MCOL. What do these acronyms mean and why should I care?
Back when I was trying to decide where to live, there wasn’t a big discussion about the high cost of living or low cost of living areas.
You just picked a city close to family or branched out to a new area. Were you drawn to the big city or not? Plain and simple.
Today, there are many tools at our disposal to try and figure out what is the best city to live in based on income, expenses, and the lifestyle that you desire.
In this post, you will see how to analyze what type of city you want to live in and see if it makes financial sense for you.
Why such the price difference between HCOL and LCOL?
In a low cost of living city, you can buy a house for $50,000. In contrast, a median home price in a high cost of living city can cost $1.5 million. This is a correlation between supply and demand in the market.
The more people who want to live in a certain area that has less available space will naturally drive up prices. Whereas most low cost of living areas, the supply is abundant since there is plenty of space to spread out and find your own neck of the woods for much less.
Here’s a quick comparison of HCOL vs LCOL vs MCOL.
New York City has the highest cost of living at 100, followed by Los Angeles and San Francisco. This graph highlights the difference in cost of living in these example cities.
HCOL Seattle, WA
MCOL Las Vegas, NV
LCOL Knoxville, TN
Cost of Living Index
85.57
69.33
63.26
2 Bed Apartment Rent
$2,724
$1,176
$788
Median Home Price
$826,200
$441,771
$256,188
Median Income
$92,263
$56,354
$33,229
Data from Nerdwallet, Census.Gov, and Numbeo
What is HCOL area Mean?
Simply put, HCOL means a high cost of living.
This type of acronym is to describe certain areas or cities where expenses that impact your budget the most, such as housing, food, and transportation, are more expensive than other areas.
When defining an HCOL area, it is a comparison of the cost of living based on other areas around other cities, states, and countries.
There is no hard line to define high cost of living since it is compared to the other cities.
Is it possible to live in a high cost of living area? Absolutely, it all depends on how you choose to live, the income you make, your lifestyle choices, and your savings percentage.
VHCOL are VERY high cost of living areas, such as Manhattan, Honolulu, San Francisco, Singapore, or Hong Kong.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Pros and Cons of HCOL
Just because an area is labeled HCOL does not mean that you shouldn’t call the city home and stay away from these areas.
There are plenty of advantages and disadvantages of living in a high cost city.
There are always drawbacks to living in a high cost of living area and you have to decide whether or not what works for you.
In order to make a solid decision on where the best place is for you to live, you need to know this information.
Advantages of HCOL City
Job Market is Solid
First of all, in HCOL cities, the job market is stronger, there are more jobs available, and typically those jobs have a higher paying threshold than other areas.
That is why many companies are attracted to these areas because they know the talent pool of potential employees is much stronger in high cost of living area versus other areas where there are not as many skilled workers.
Income is Higher
Since companies know they must pay their employees a fair wage living in a high cost of living area, incomes are higher to support the increased expenses.
This helps those municipalities collect more taxes, which feed back into the system to provide more for their residents.
More Opportunities
More opportunities abound in a high cost of living cities.
Not only in the job market but there is access to public amenities and conveniences. Some examples include museums, sporting events, transit, best medical services, endless entertainment options, quality restaurants, high-end shopping, and quick access to international airports.
Even better, you can find free entertainment each and every day that does not cost a penny. Here is a list of 101 things to do with no money.
There are many benefits of living in a high cost of living area just because their opportunities are endless. You will always find something to do and there is always stuff going on.
Better Schools
Typically, in your high cost of living cities, that is where you will find the better schools. This is in direct correlation to the job market and skilled workers.
These skilled workers tend to have a higher instance of college graduates and they tend to want the best for their children. As a result, the schools tend to be much better than you would find in other areas.
Higher Chance of Home Equity
Another advantage of big cities is the variety of neighborhoods you can find in a bigger city. You can find the type of house you want to live in and the diversity you crave.
While home costs are much higher, there is also a greater chance of income increasing your home equity much faster than other areas.
For example, in Michigan, you could pay $100,000 for the exact same house in 5-10 years since appreciation will not happen at the same rate as other cities. Whereas, if you look at some of the hot markets, like Denver, Phoenix, or Austin, the home prices have been skyrocketing.
Thus, if you live in those quickly appreciating housing areas, there is a higher chance to increase the value of your house.
Disadvantages Of HCOL Cities
Higher Basic Cost of Living – Specifically Housing
First, housing costs can break the bank. It is the biggest expense for any household.
If you were unable to secure a salary to justify the housing cost, it makes it nearly impossible to be able to afford to live in a high cost of living area.
This is where you would have to get creative and look for housing subsidies or other means to stretch your housing budget.
Harder to Find Houses
Another con of a high cost of living areas is it is much harder to find housing! House and rent prices are higher, jobs are tougher to find where there’s opportunities abound, and you may feel like you are searching for a needle in a haystack.
You need to have the right opportunity to find the proper house for you. If you are looking at buying, you need things to line up properly and in your favor.
Stretch Yourself Too Far Financially
Since incomes tend to be much higher, many people find the urge to spend more discretionary income.
In many cases, this means that the average household may stretch themselves a little bit further by keeping up with the Joneses. They tend to spend more frivolously and not live as frugal.
This is a trap to be aware of if you are in a high cost of living area. You can be savvy with your money and save, but you have to be cognizant of how you spend your hard-earned salary.
HCOL Cities…
These are the HCOL areas. Do you need to avoid them? No, but going into those areas, you must realize the cost of living will be higher.
Here’s a list of all of the cities that are the top 20 cities that are high cost of living areas according to Kiplinger:
1.
Manhattan, New York
(145.7% above U.S. average)
2.
San Francisco, California
(94.7% above U.S. average)
3.
Honolulu, Hawaii
(97.6% above U.S. average)
4.
Brooklyn, New York
(80.5% above U.S. average)
5.
Washington, D.C.
(60.7% above U.S. average)
6.
Seattle, Washington
(56.7% above U.S. average)
7.
Oakland, California
(53.9% above U.S. average)
8.
Arlington, Virginia
(50.5% above U.S. average)
9.
Orange County, California
(50.2% above U.S. average)
10.
Boston, Massachusetts
(48.8% above U.S. average)
11.
Queens, New York
(47.8% above U.S. average)
12.
Los Angeles, California
(46.6% above U.S. average)
13.
Bethesda, Maryland
(45.5% above U.S. average)
14.
San Diego, California
(41.4% above U.S. average)
15.
Alexandria, Virginia
(40.0% above U.S. average)
16.
Stamford, Connecticut
(36.4% above U.S. average)
17.
Portland, Oregon
(34.3% above U.S. average)
18.
Fairbanks, Alaska
(27.9% above U.S. average)
19.
Bergen County & Passaic County, NJ
(26.6% above U.S. average)
20.
Anchorage, Alaska
(24.4% above U.S. average)
Source: Kiplinger
What Is LCOL Area Mean?
LCOL stands for lower cost of living.
These cities have a lower average cost of living versus the average.
Simply put…your ability to stretch your income goes much further in a low cost area compared to a high cost of living area. This is where you can get a bigger bang for your buck.
Pros and Cons of LCOL
The differences in the area where you can live can be vastly different. Thus, providing benefits or drawbacks of choosing to live there.
The cons are typically the reasons that most people want to stay away from these cities.
This is where personal preference tends to play the biggest reason for choosing one location over another.
Just like with a high cost of living area, you need to weigh the pros and cons of living somewhere where expenses are not quite as high.
Advantages of LCOL –
Slower Pace of Life
One of the biggest benefits is a slower pace of living in low cost of living area.
Life doesn’t move as fast.
There is more time to breathe, there is more time to step back and take a bigger picture. It is not go, go, go, go 24/7. Time to enjoy the fresh air and slower pace.
Cheaper Housing
This is why people choose to live in a low cost of living area. Period.
You are able to afford much more house for much less.
That right there, over the long term can make or break somebody financially.
Lower Taxes
Many of the lower cost of living cities also benefit from lower taxes as well. They have lower income taxes, and even possibly, lower property taxes. So, this is something to take into consideration when looking at a low cost of living area.
Check what the difference would be from where you’re currently at to where you are considering moving.
Remote Work
This is the bread and butter spot! When you can take in a higher pay and still live in a LCOL city.
After 2020, remote work is becoming more and more popular. In addition, it is an added benefit companies are including to attract skilled employees.
This is one scenario where you can get the best of both worlds.
Disadvantages Of LCOL Cities
Less Opportunities
First of all, there are fewer opportunities. There are fewer things to do, there are less things going on. The airport is a further drive away.
In a big city, you can always find events happening. It may not be the same in other cities. However, some cities have created programs to draw in residents with the big city feel like Bellefontaine, Ohio.
Income Potential is Lower
The job market doesn’t have the high-paying jobs that you would find in the bigger cities. The income potential in one of these cities does not compare.
Let’s face it… a good majority of your working years are about built around making an income. With a lower cost of living city, the income limitations can be cumbersome and it takes longer to be able to reach your financial goals.
LCOL States and Countries with LCOL
Geographic arbitrage can give you great value for your money.
Arbitrage is the spread of differing prices for the same thing like rent, food, or transportation.
This means you can save more money by living in LCOL state or spend less of your nest egg by living in a LCOL countries.
These are the areas you can find the lower cost of living. There are many LCOL cities to be found as well.
LCOL States:
1.
Mississippi
(84.10% of U.S. average)
2.
Kansas
(86.67% of U.S. average)
3.
Oklahoma
(88.09% of U.S. average)
4.
Alabama
(88.80% of U.S. average)
5.
Arkansas
(89.16% of U.S.average)
6.
Georgia
(89.30% of U.S. average)
7.
Tennessee
(89.49% of U.S. average)
8.
Missouri
(89.75% of U.S. average)
9.
Michigan
(90.54% of U.S. average)
10.
Indiana
(90.57% of U.S. average)
Source: US News
LCOL Countries:
Listed in alphabetical order because there are many to chose from based on your personal preferences.
The definition of MCOL is any area that just has an medium cost of living.
There is not one extreme or another. These cities are just plain average. Maybe slightly above or below the median cost of living.
This can be a sweet spot of reaching your financial goals while enjoying a higher quality of life.
Benefits of MCOL Area
As you can read on Reddit personal finance threads, there are plenty of reasons to live in an MCOL area.
Mostly because these types of cities you can get the best bang for your buck, and still have the pros of living in a high cost of living area, as well as the pros of living in a low cost of living area.
This is where the job market may be very stable with good wages but the cost of living is not going to cost you a fortune.
Also, you can find tons of cities that meet the criteria of a MCOL city.
Cost of Living Varies within Cities
Regardless of whether you choose, HCOL, LCOL, or MCOL areas, the cost of living will be dramatically different between these cities.
Whether you are looking at the downtown area, the outlying suburbs, or maybe even the cities that have popped up around near the main city.
Just because the city is HCOL or LCOL, there will be neighborhoods that will be the outliers to the main part of the city.
So, when you are looking at cost of living, you must know the things that are most important to you and what type of neighborhood that you would want to live in because they can be found.
That is what I call hidden gems.
It is possible to find a cheaper house in a low cost of living or high cost of living area, you just have to do your homework and know what you’re looking for.
Vice versa, it is very possible to find a neighborhood in a low cost of living area that is much higher than the surrounding areas.
How can I buy a house in a high cost of living?
It is possible to be a homeowner in a in a high cost of living area. You just have to be able to afford the down payment on the house to make being a homeowner justifiable, if possible.
Before you decide to buy a house, here are some factors you need to take into consideration..
1. Does it make sense?
First, you have to make sure that it makes logical sense to buy a house. Especially in a high cost of living area because the house prices may not match up to what the income that you are bringing in.
Will you still be able to reach your money goals by purchasing a house? Or will you be house poor?
2. Compare rent to potential mortgage
Will it be cheaper to rent? Or cheaper to have a mortgage?
To figure this out, take what the average rent is in your neighborhood. Then, use a mortgage calculator to figure out the maximum amount you can afford.
Since those calculators will leave you house poor. Decide what you are able to justify in spending on a mortgage and figure out what the mortgage payment is.
Is the mortgage payment less than average rent in the area?
For example, it may cost in a high cost of living area, like San Diego, it may cost $3,000 a month to rent a house. Whereas you might be able to buy a similar home in the same neighborhood and have your mortgage payment of $2,259.
Thus, making buying makes more financial sense than continuing to rent.
3. Expand your horizons
Another tip to afford your dream house – do not be set on that one specific neighborhood in a high cost of living area.
Many times you can find an up-and-coming neighborhood that is much less than the trendier and hip current neighborhoods that you want to live in.
Thus, you can typically save a good chunk of money. Plus in the long run, you greatly increase the potential for home equity.
4. New Homebuyer Programs
If this is the first time you are buying a house, then look into first-time homebuyer programs and grants. (Hint… this is like free money!)
There are many out there because cities want their residents to buy in their neighborhood and their cities because that means they are going to be there for a longer-term.
Also, there are programs for the military, teachers, nurses, single moms, minorities, graduate students. You just have to look.
5. Save for Down Payment
When you are looking at buying a house, this is the time to become serious about saving for a down payment.
You may have to find ways to save more money each month.
This could include things like downsizing your lifestyle to make it possible. Living with friends or family while you save up more money. Or just spending less for a certain period of time until you reach your downpayment goal.
6. House Hacking
The last step is one of the best ways to reach financial independence in a high cost of living city. Plus the concept works well in any city… house hack.
Find a multi-family housing property that you were able to buy. For example, plan to live on one side of the duplex and rent out the other. This will help you pay for your mortgage, by using the rent collected from your renters.
Thus, lowing your overall housing cost, which is your biggest expense.
Where Does Your Income Go the Furthest?
This is a comparison that you may be surprised by the outcome. Thus, proving why you need to do cost comparisons to see what financially makes the most sense when deciding to move from one to the other area.
comparison of income, expenses, taxes, and potential savings!!!!!!!!!!!
Once again, this is personal to your situation. So, take a moment and use the cost of living calculator yourself.
Paying taxes is one option to increase what you take home in each paycheck.
No Income States
These are the states that don’t pay state income taxes on wages:
Alaska
Florida
Nevada
New Hampshire
South Dakota
Tennessee
Texas
Washington
Wyoming
For most people, that is an instant decrease in overall taxes!
Higher Taxed States
Also, if you live in one of the higher taxed states, then you may want to reconsider moving to a lower cost of living area.
The higher taxes income tax states include:
California
Hawaii
New Jersey
Oregon
Minnesota
The District of Columbia
New York
Vermont
Iowa
Wisconsin
These states tax income somewhere between 7.65% – 13.3%.
Property Taxes
Property taxes vary from state to state.
In some states with large property taxes, it may even out with no income taxes. While other states, like Illinois, where property taxes are high and income taxes are above the national average as well.
Moving From HCOL to LCOL
The reason that most people move from HCOL to LCOL area is to save money. They want to decrease their expenses – that is the primary driver. Other times, it may be that they’re looking for a different type of lifestyle.
But as you can read on Reddit, everybody has a different personal experience.
It may have been beneficial and may have been bad timing. It may have been the best choice. It may have been the worst decision.
Make sure to factor in the costs associated with the move. Also, any ongoing expenses like travel if you are moving away from family.
How to Choose HCOL or LCOL?
Deciding where you live is one of the most personal decisions that you can make. Nobody can make it for you. You know what you want in life, how you want to live, and where you would feel more comfortable.
So, let’s look primarily at the financial side of making this decision of what is best.
1. Lifestyle You Desire
There are massive differences between HCOL and LCOL cities!! In big cities, life moves at a faster pace. While most cheaper cities areas move at a slower pace, so you have to make the decision of what type of lifestyle.
Do you want you want the big city? Do you want suburbia? Or do you prefer more of a country lifestyle?
When looking at this first factor, your answer should not include money. This is where your heart is. This is where your home. This is the life that you plan on living. This doesn’t include the financial sense.
This includes what makes your heart happy.
2. Your Money Goals
One of the things that discussed the most on this site is the 10 Money Bliss Steps to Financial Freedom. That is where most of our readers find their current money goal. And for good reason, you must build a strong foundation with money one step at a time.
In order to achieve long term financial success, the decision on housing is critical as it is the biggest expense in any budget. And that is can have the greatest impact on your budget!
On the flip side, the amount of income you are capable of making can also make the biggest impact on what you can afford to spend.
You must decide on your current money goal as well as the longer term money vision. Maybe you are looking at wanting to retire early? Love to live a slower life in the future?
It is possible to live in HCOL area where you are able to live extremely frugally and save more money. This is what my friend did over at Tuppennys FIREplace. For them, it was a smarter decision. On the flip side, maybe you are happier living a slower pace of life. Income is not the primary driver and you just want to enjoy life more.
At the end of the day, you must prioritize what you want, how your budget and your expenses correlate, and how your saving rate is impacted in various cities.
3. Season of Life
For those in their younger years may not understand this as much, but as you go through seasons of life, you will realize that you have different goals, objectives, and desires along the way.
When deciding where to live, your current season of life will probably have a very high impact on what you are looking for.
If you have young kids, you probably want to find a neighborhood where you have other families nearby that your kids can interact with.
If you are close to retirement, you may look decide to move out of the good school district because you do not need to pay the premium of living here. You may choose to move to a lower cost of living area, so you have the freedom to travel and help my kids and grandkids.
4. Potential Income & Career Opportunities
The greatest benefit of a high cost of living area is the income potential and the career opportunities. Both are much greater in the bigger cities than you would find in the smaller cities.
If your primary goal is increasing your income and advancing your career, then looking at high cost of living areas an absolute must. Plus you might be able to find something on the outskirts of expensive neighborhoods, that would make the most financial sense.
Then, living in HCOL is justified and necessary and the income can justify the higher costs associated.
On the flip side, there is plenty of income potential as a small business owner in a low cost of living area. You just have to know the market, what your skills are in, and what the needs are in your area.
4. Fixed Expenses
Fixed expenses can be dramatically different in each area.
Write out a list of your top fixed expenses and make sure to compare those as well.
For example, child care costs and tuition are going to be much more expensive in a big city than in the suburbs. Maybe in certain neighborhoods, a car would not be needed; thus, eliminating another big cost and associated maintenance.
While some fixed expenses seem meniscal, over time, they can add up significantly. Thus, helping or hurting your financial picture.
Unspoken Price Tag to Live Somewhere
As we covered in this post, there is a lot to consider when deciding between HCOL, LCOL, or MCOL areas.
It is a highly personal decision that you must take the time to make the best decision for you!
Not someone else, but for you.
One thing to watch out for when looking at where to live is what I call the “price tag” of a beautiful city.
Many times, employers know that the city that people want to live in their city for whatever reason. Thus, you will experience what I like to call the “income hit” to living there.
For example, Fort Collins, Boulder, and Austin are highly desirable areas for postgraduates to live in because they fall in love with the town and they want to stay here for the long term. Thus, employers know that this!
As a result, income for jobs maybe 10 to 15% less than they could make in any other type of market or city. So, that is something just to be aware of when wanting to stay in the city that they have grown to love.
In conclusion, when you’re looking at a high cost of living area versus a low cost of living area, there are two sides to the coin.
One – what makes financial sense. Two – your home is where your heart is.
Consequently, you have to make the decision on what makes sense for you.
While it makes financial sense to move to a lower cost city, at the same time, it may move you away from your family and your support system, and everything that you enjoy, and you may not be as happy in the long run.
Enjoy weighing the alternatives between all of the options available.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Film director, producer, and screenwriter Nancy Meyers made Father of the Bride, Something’s Gotta Give, It’s Complicated, The Holiday, and many more iconic flicks. But beyond making some classic and beloved films, Meyers also established a signature interior design aesthetic.
If you’re envisioning spending summer at the beach and entering your coastal grandmother era (like me), here are a few tips and tricks for a Nancy Meyers coastal summer at home.
Evie’s product selections are curated by the editorial team. If you buy something through our links, we may earn an affiliate commission, at no cost to you. We only recommend products we genuinely love.
Lots of Rattan
In Meyers’ films, rattan and woven items tucked throughout the rooms give them a coastal feel: baskets, area rugs, even blinds. These are great pieces for not only the summer season but can be used throughout the year!
Target Threshold Large Natural Woven Round Basket, $30
To keep things organized and convenient, you might want to invest in this adorable wicker tray from Target. Light and easy to carry, this item will be the perfect accessory for all those summer evenings with guests.
Target Threshold Rattan Tray Light Brown, $15
Meyers must have a soft spot for dogs, as they appear in a few of her films! If you’re in need of a new bed for the family puppy, IKEA offers this extremely sweet rattan dog bed.
IKEA UTSADD Rattan Dog Bed, $89
You can’t have a coastal inspired summer without a rattan or wicker chair. Meyers clearly loves them too, as you can find these chairs situated all over her sets. The fun thing about rattan or wicker chairs is they’re extremely versatile. Perfect for the porch in summer to soak in the hydrangeas or as a cozy office chair in the winter for reading books.
Target Threshold x Studio McGee Woven Barrel Back Chair & Cushion, $280
IKEA also has an excellent selection of rattan chairs under $250. This adorable IKEA Wing chair reminds me of the rattan chairs my own grandmother had when I was small.
IKEA Risholmen Wing Chair, $239
IKEA Holmsta Armchair, $219
IKEA Agen Armchair, $99
Summer is for entertaining on the patio or near the pool, and that may mean you are in need of a rattan bar cart! (There can never be too many woven or rattan textures, in my opinion.)
Target Threshold Exmore Serving Cart Rattan, $250
Pops of Blue
Meyers is known for designing her coastal sets by mixing patterns, textures, and colors. She allows the homes to have a neutral base while simultaneously adding in patterns and bold pieces (in a way that isn’t overwhelming) to provide contrast and color. The go-to color for coastal style is blue, of course.
In Something’s Gotta Give, Nancy and her set decorator, Beth Rubino, placed floral accent pillows in Erica’s living room, as well as on the pool deck, giving the space a fresh summer feel. In the dining area, the blue and white flower chair covers add a vintage feel. If florals aren’t your thing though, an indigo stripe or a solid blue linen pillow cover might be the perfect fit.
Oxford Light Indigo Blue Organic Cotton Pillow Sham, $59
Blue Organic Laundered Linen Throw Pillow With Insert, $69
Hydrangeas
On the East Coast, the beloved hydrangea is seen all around gardens and in vases throughout the home. In Meyers’ films, she made sure to include these charming flowers. If you’re not lucky enough to have these beauties growing in your garden out back, Hobby Lobby carries a variety of colorful faux flowers! My favorite is the noted blue, but another option is the green hydrangea or the classic white. The best part is you can re-use them each summer.
Hobby Lobby Hydrangea Stem Blue, $20
Hobby Lobby Hydrangea Stem Apple Green, $11
Hobby Lobby Hydrangea Bush White, $20
The Nancy Meyers Kitchen
I love how Nancy Meyers started a trend 15 plus years ago, and it’s still going strong. Who knew she would be the one to create the desired white kitchen look and have women begging their interior designers to give their kitchen the Nancy Meyers makeover?
Marble countertops are featured throughout her films. If you don’t have any marble within your home, then there are a variety of ways to bring it into your space. In It’s Complicated, a beautiful marble tray is featured in the bathroom holding Jane’s favorite products. Another option is to add a marble canister for toothbrushes, or a marble utensil holder in your kitchen.
Pottery Barn Frost Marble Tray, $39
Target Threshold Utensil Holder, $25
Target Threshold Marble Canister, $15
Finding character pieces from a thrift shop or an antique sale can bring in a classical touch to a space as well. I always think of the way Meyers adds in copper pots or accessories to her kitchens. They’re usually hanging or situated on the stove at the ready. She also adds in various vintage decorative vessels or brass candlestick holders.
Crate And Barrel Emmett Antique Brass Candle Holder Set, $104
The Food Nanny Copper Ladle, $50
Books
Nancy Meyers knows the power of books. The large, white, built-in bookcases she adds to her movie sets or the way she tucks a bookshelf into the kitchen island like on Something’s Gotta Give creates a cozy atmosphere time and time again.
One place I find decorative books is at Goodwill. I choose hardcover books within my color palette, but I also pay attention to the topic, the aesthetic, and the photography. I prefer books on interior design, cooking, and, of course, coastal living. I also love switching out the featured books, depending on the season. All the ones I have out now are full of flowers, light summer meals, and photos that remind me of the coast.
Al Fresco: Inspired Ideas For Outdoor Living, $15
The Brooklyn Home: Modern Havens In The City, $22
Closing Thoughts
We may not all get to live on the East Coast enjoying hydrangeas in the garden or an evening walk on the beach, but these are some simple (and affordable) ways to bring the Nancy Meyers coastal feel to your own space, creating warmth and giving you the ultimate summer escape at home.
Support our cause and help women reclaim their femininity by subscribing today.
Vintage furniture, much of it picked up at auction or on buying trips to Paris and Palm Beach, nimbly pivots between culture and camp. “It was about finding interesting things and giving them new life,” Lucido notes of the mix, which foregrounds sculptural 20th-century seating that they then reupholstered in luxe fabrics. (Think Art Deco armchairs in a nubby Zak+Fox neutral or a midcentury sofa in Dedar mohair.) Folded in are the designer’s own bespoke creations, among them Palley’s magnificent burl bed and the blue guest room’s suite of aluminum pieces. Playful moments abound too, whether the dining area’s showstopper fireplace, reclad in vibrant ceramic panels by Jordan McDonald, or the parlor level’s tufted ottoman, topped by a flouncy tasseled pillow. At every stage, Palley and Lucido consulted closely. “It was the longest game of design ping-pong I have ever played,” notes the designer, calling the project “a true collaboration.”
Throughout the process, Palley drew conceptual lines between the art and the furnishings, harmonious though that array may be. “I strongly believe that art is not decoration,” he notes of his collection, which focuses on queer and female artists, with, he says, “an eye to the Global South.” There are pieces by established names—Lynda Benglis, Kiki Smith, Jenny Holzer, Robert Gober—but also emerging talents. On the parlor level, a tapestry by Tadáskía, a Black trans artist from Brazil, mingles with a double portrait by the South Korea–born painter Eunnam Hong, and a textile work by Vivian Caccuri, another Brazilian rising star. Mounted in one corner, meanwhile, are sculptures by Kosovar artist Petrit Halilaj, whose Madrid-born husband, Alvaro Urbano, created the leaf sculptures scattered at the base of nearby windows. “When you live with art it has to be more than static objects,” says Palley, noting the dialogues that have emerged organically among works.
These days, conversations have materialized among people too, as Palley puts his new home to use as a space for entertaining. Recent events have included a seated dinner in celebration of SculptureCenter and a party for newly engaged friends. At the end of the night, guests gone, he and his dog, Taxi, will wind up the stairs to his top-level suite, where the first piece of art he ever bought—a print by Julie Mehretu—hangs within view of that bespoke bed. It’s just one of many constant companions. “Living with art,” he reflects, “is like living with friends.”
Now that Jeff Lewis and his talented team of designers have finished revamping Christina Ricci’s home, the actress is listing her Woodland Hills pad for sale.
Fresh off the heels of a Hollywood Houselift appearance, where Lewis brought the team in to renovate the kitchen and primary bathroom for season two of the celebrity home reno show, the 4-bedroom home popped up for sale with a $2,249,000 asking price. Mercedes “MJ” Javid with The Agency (also famous for her role on the BRAVO series Shahs of Sunset) holds the listing, but more on that in a minute.
It’s worth noting that Ricci’s house got the full Jeff Lewis treatment after its appearance on the show, with the actress commissioning the veteran interior designer to redo the rest of the house before bringing it to market.
“Jeff and I basically ended up partnering on doing the entirety of my house,” the Wednesday star told Us Magazine. “And then we’re going to look for future opportunities to flip houses together.”
While a future house-flipping show starring Christina Ricci and Jeff Lewis isn’t out of the question (and we would 100% tune in to watch it), today we’d like to focus on the project the two have already completed.
Particularly since the results are nothing short of spectacular.
Like Fancy Pants Homes’ content? Be sure to follow us on Google News
Christina Ricci’s Woodland Hills home: Specs & features
Photo credit: The Luxury Level / The Agency
Originally built in 1956, the traditional home sits on a 0.28-acre lot in a private, lush enclave south of the boulevard in Woodland Hills.
Clocking in at 2,718 square feet of living space, the inviting home has 4 bedrooms (including a primary with an en-suite bathroom, walk-in closets, and a Romeo and Juliet balcony), 4 bathrooms, a home office, and quite a few outdoor amenities, including a pool and putting green.
Jeff Lewis-renovated interiors
A longtime fan of the designer’s work, Ricci was more than happy to let Jeff Lewis give her home a makeover.
“When I was approached to do this, I was really excited,” she shared when season 2 of Hollywood Houselift first aired. “I also needed a few rooms in my house redone, so it seemed like a win-win.”
But the former Flipping Out star didn’t stop at the kitchen and bathroom; he went on to renovate the entire 1956-built home, giving it a fresh, contemporary look — and a note of glam that befits its current famous owner.
Photo credit: The Luxury Level / The AgencyPhoto credit: The Luxury Level / The AgencyPhoto credit: The Luxury Level / The AgencyPhoto credit: The Luxury Level / The Agency
The “Hollywood Houselift”-featured kitchen
The focus of the home’s appearance on the show, the kitchen has been meticulously renovated. It now features new custom cabinetry, brand-new marble countertops, custom white shelves, JennAir appliances, and a 36″ professional-style gas range.
Photo credit: The Luxury Level / The Agency
Cleverly masked additions (meant not to intrude on the stylish design) include a built-in microwave drawer, a panel-ready dishwasher, and an under-the-counter beverage fridge.
Photo credit: The Luxury Level / The Agency
Beautifully appointed living spaces
The open floorplan flows freely from the chef’s kitchen into the dining and living areas, with warm wood and gold accents dotting the spaces.
There’s also a formal living room with a double-sided fireplace, perfect for entertaining guests and hosting intimate gatherings.
Photo credit: The Luxury Level / The Agency
See also: Ben Affleck and Jennifer Lopez’s $60M mansion was inspired by Marie Antoinette’s ‘Le Petit Trianon’
A primary suite worthy of a Hollywood star
The primary bedroom suite is the only bedroom set on the upper level of the house, with the remaining three bedrooms being located on the lower level.
With an en-suite bathroom, walk-in closets, and doors opening to the Romeo and Juliet balcony, the bedroom is a quiet, stylish retreat that hints at its soon-to-be-former owner’s star power.
Photo credit: The Luxury Level / The Agency
The newly-renovated floral bathroom
Undoubtedly one of the most memorable transformations in Season 2 of Hollywood Houselift, Christina’s primary bathroom is now a stylish retreat featuring bold floral wallpaper, a walk-in shower, a freestanding tub, and gold fixtures and accents throughout.
Photo credit: The Luxury Level / The Agency
The outdoor areas are equally charming
Christina Ricci’s house isn’t just beautiful on the inside.
The freshly revamped abode has an absolutely beautiful backyard that takes full advantage of its lush Woodland Hills location, complementing the greenery with water features, cozy seating, nature pathways, and more.
Photo credit: The Luxury Level / The Agency
Amenities include a pool, waterfall, and pathways
Enchanting pathways add another note of charm to this beautiful celebrity home.
With water features like a pool and waterfall and surrounded by lush greenery, the outdoor space is great for entertaining and relaxation alike.
Photo credit: The Luxury Level / The Agency
There’s even a putting green
Widening the potential buyers pool for his famous client, Jeff Lewis added a putting green right outside the house, making it a great choice for golfing enthusiasts.
Photo credit: The Luxury Level / The Agency
The house doesn’t hold the best memories for the actress
“One of the reasons I wanted to sell the house and move on was because that is the house where I lived through an abusive marriage,” Ricci told SheKnows ahead of the Hollywood Houselift season finale on Jan. 31. “I actually don’t have wonderful memories in it and living in that house was not great afterward for my emotional state.”
Ricci shared the Woodland Hills home with ex-husband James Heerdegen, whom she divorced in 2020. Following their split, the Yellowjackets actress opened up about the alleged emotional and physical abuse she endured during their 7-year marriage, making it easy to see why the Addams Family Values star doesn’t have the fondest memories of the home.
Photo credit: The Luxury Level / The Agency
Ricci’s other homes
In 2022, Christina sold her New York townhouse, a three-story, four-bedroom home located in the Fort Greene neighborhood of Brooklyn, listed for $2.4 million.
Ricci also famously owned the architectural gem known as the Samuel-Novarro House — a historic Mayan Revival residence designed by Lloyd Wright, son of legendary architect Frank Lloyd Wright, in 1928 — selling it in 2006 for a little over $2.8 million.
A Hollywood favorite, the Los Feliz residence has been owned by several A-listers over the years, with composer Leonard Bernstein, actress Diane Keaton, and director Gary Ross all calling it home at one point.
Photo credit: The Luxury Level / The Agency
Listed with a famous real estate agent
Fitting for a property with so much star power, Ricci’s house is listed for $2,249,000 with Shahs of Sunset star Mercedes “MJ” Javid.
Beyond her reality TV fame, Mercedes is a highly accomplished real estate agent with celebrity-favorite brokerage The Agency, best known outside of the industry for their hit Netflix series Buying Beverly Hills.
She currently holds the keys to Christina Ricci’s Hollywood Houselift home — though not for long, as we’re willing to bet this listing won’t spend too much time on the market.
Photo credit: The Luxury Level / The Agency
More stories
Designed by Bravo’s ‘Flipping Out’ star Jeff Lewis, this East Coast-inspired Los Angeles home wants $4.495M
Zendaya Owns a $4 Million Home Fit for a Disney Princess
Where in the World Do George Clooney & Amal Clooney Live? A Closer Look at the Couple’s Many Houses
It’s not even completed yet and THE 74 is already making waves on the Upper East Side with its fresh take on luxury living.
Designed by the visionary architects at Pelli Clarke & Partners and the AD100 superstar Rafael de Cárdenas, the still-under-construction condo building is a modern reinterpretation of the classic New York skyscraper, conjuring city icons like the Chrysler Building, Rockefeller Center and the Waldorf Astoria, but with a distinctly modern twist.
Upon completion — set for summer 2025 — the 32-story tower will feature 42 homes with prices ranging from $3.6 million to $13.55 million, and the finest high-end finishes money can buy.
Here’s what you need to know about this exciting new addition to the NYC skyline — along with a first look at some of the most notable residences at THE 74: a 5-bedroom duplex with a 317-square-foot terrace and a full-floor, 5-bedroom home with Central Park views.
The vision behind THE 74
Photo credit: Elad Group
Elad Group, known for their iconic residential developments, which include Tribeca’s newly converted Clock Tower building and The Plaza’s conversion, has brought together some of the best minds in architecture and design to create THE 74.
“We created THE 74 for the Upper East Side buyers who want a modern home that reflects their modern lifestyle,” said Orly Daniell, President of Elad Group. “Pelli Clarke & Partners and Rafael de Cárdenas have delivered precisely what we envisioned and what this neighborhood has been missing.”
Pelli Clarke & Partners are known for their skyline-defining masterpieces, and Rafael de Cárdenas has once again showcased his genius with interiors that blend romance and rigor. This collaboration has resulted in 42 high-style homes that are nothing short of breathtaking.
Modern living on the Upper East Side
The 16th floor amenity lounge at THE 74. Photo credit: Elad Group
Located at 201 East 74th Street, this 32-story tower offers a mix of two- to five-bedroom residences, including a duplex penthouse and a unique townhome. Each home is designed with high-quality materials and finishes, reflecting the modern lifestyle of today’s Upper East Siders.
“The mid-70s is one of the most prestigious neighborhoods in Manhattan, with such incredible history, legacy, and beauty. We designed THE 74 to contribute sympathetically to the community with a resonating aesthetic,” said Craig Copeland, Partner at Pelli Clarke & Partners. “Too many contemporary buildings are lifeless, flat and all glass, while THE 74 is animated with rich textures and colors.”
With no more than three homes per floor, privacy and intimacy are key features of THE 74.
Stunning design and thoughtful amenities
The design of THE 74 is a modern twist on classic New York architecture. The building features a pleated facade with white terracotta and bronze aluminum-framed windows, creating a dynamic look that changes with the light.
Photo credit: Elad Group
Inside, Rafael de Cárdenas has created spaces that are both luxurious and calming. Think European White Oak flooring, bespoke hardwood millwork, and floor-to-ceiling windows that flood the rooms with natural light.
Luxe living spaces
Photo credit: Elad Group
The residences at THE 74 are all about quiet luxury. Kitchens are equipped with top-of-the-line Miele appliances, polished Bianco ice marble countertops, and custom Ash wood cabinetry with fluted glass doors.
The bathrooms are equally impressive, with Calacatta Vagli marble, radiant heat flooring, and Dornbracht fixtures. Whether you’re in a two-bedroom or the duplex penthouse, every detail is designed to impress.
See also: Step inside 130 William Street, one of NYC’s finest new skyscrapers
Residence 6A: A luxe duplex
Photo credit: Elad Group
One of the standout homes at THE 74 is Residence 6A, a 5-bedroom, 5.5-bathroom duplex listed for $11.95 million.
This 5,383-square-foot residence is a quiet luxe oasis carved from sculptural neutrals. It features beautifully proportioned rooms, east and west exposures, and a 317-square-foot terrace. Floor-to-ceiling windows from Italy allow abundant light to stream across the 5″ stained oak floors.
The generous living and dining spaces open to an island kitchen featuring bespoke, stained ash wood cabinetry with fluted glass upper cabinets and polished Bianco ice marble countertops and backsplash. The top-of-the-line Miele appliance suite includes a speed oven and gas cooking, complemented by a Sub-Zero wine refrigerator.
The primary en-suite bathroom is a highlight, with Calacatta Vagli marble walls and floors, radiant heat flooring, and a soaking tub with a marble surround. Secondary bathrooms boast European Porcelain flooring and walls, while the powder room is adorned with Pink Namibia marble vanity and flooring, and Dornbracht brushed platinum fixtures.
FLOOR24: Unmatched luxury
Photo credit: Elad Group
Occupying an entire floor, Residence 24 aka FLOOR24 is another jewel in THE 74’s crown. This expansive 5-bedroom, 4.5-bathroom home is priced at $12.65 million and offers unparalleled light and breathtaking views of Manhattan and Central Park.
The private elevator opens to a formal gallery, providing the perfect entry to the grand living and dining rooms with double exposures. The gourmet kitchen boasts floor-to-ceiling windows, an oversized island, bespoke stained ash wood cabinetry with fluted glass upper cabinets, and polished Bianco ice marble countertops and backsplash. The top-of-the-line Miele appliance suite includes two-speed ovens, a refrigerator, freezer, gas cooking, and a direct vent range hood.
The primary bedroom features an en-suite, five-fixture bath with Calacatta Vagli marble walls and floors, radiant heat flooring, and a soaking tub with a marble surround. Secondary baths include European Porcelain flooring and walls, custom medicine cabinets, and Didimon Light marble vanity. The powder room features Pink Namibia marble vanity and flooring, and Dornbracht brushed platinum faucets.
Amenities to die for
Photo credit: Elad Group
Residents of THE 74 will enjoy a host of curated amenities. There’s a library lounge with a wet bar and private garden, an entertainment suite with catering facilities and video conferencing capabilities, a state-of-the-art fitness center and Pilates studio, and a children’s playroom.
The building’s lobby, with its travertine floors and custom lacquer walls, sets the tone for the elegance that pervades every corner of THE 74.
Sales and pricing
Photo credit: Elad Group
Sales for these luxury condos are now underway, with prices ranging from $3.6 million to $13.55 million. Douglas Elliman Development Marketing is handling the sales, and given the unique offerings of THE 74, these homes are sure to attract a lot of attention.
For more information, visit THE 74’s sales gallery at 1277 Third Avenue or check out their website.
Prime location with exciting new spots
Photo credit: Elad Group
THE 74 isn’t just about the building; it’s about the neighborhood too. The Upper East Side is seeing a surge of new restaurants and bars, making it a hotspot for those moving from trendier areas downtown and in Brooklyn.
You’ll find Cafe Boulud, American Bar, and Casa Tua all opening up nearby, adding to the area’s already vibrant dining scene.
Construction update
THE 74 has topped out, and construction is progressing well, with completion expected by the summer of 2025. The building is already making an impression with its nearly complete facade and the installation of terracotta panels expected this summer.
Photo credit: Elad Group
More stories
Throwback Thursday: Inside a massive home-in-the-sky above MoMa in New York City
Inside a rare, unaltered $14.5M apartment in New York City’s iconic San Remo building
The star-studded 443 Greenwich St. building & the 13 biggest celebrities that lived here