With its picturesque waterfront, cobblestone streets, and colonial architecture, Annapolis exudes a unique charm that captivates residents and visitors alike. The city’s prominent feature is its rich maritime heritage, evident in the bustling harbor and the prestigious United States Naval Academy. Considerations for residents include the high cost of living, but the city’s strong sense of community and abundance of cultural attractions make it a worthwhile place to call home. So whether you’re searching for the perfect apartment in the heart of downtown Annapolis or eyeing a cozy rental home in the surrounding neighborhoods, you’ve come to the right place.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Annapolis. Let’s get started and see what awaits in this historic and vibrant city.
Pros of living in Annapolis, MD
1. Rich maritime history
Annapolis is steeped in maritime history, offering residents a unique opportunity to immerse themselves in the city’s nautical culture. The city is home to the United States Naval Academy, where visitors can explore the campus and learn about the rich naval traditions. The Annapolis Maritime Museum provides a fascinating insight into the Chesapeake Bay’s history and ecology, while the annual Annapolis Boat Shows attract boating enthusiasts from around the world.
2. Charming historic district
The historic district of Annapolis is a picturesque area filled with cobblestone streets, colonial-era buildings, and charming waterfront views. Residents can enjoy strolling along Main Street, lined with boutique shops, art galleries, and cozy cafes. The area’s rich architectural heritage and well-preserved landmarks offer a delightful glimpse into Annapolis’s storied past.
3. Vibrant arts and culture scene
Annapolis boasts a vibrant arts and culture scene, with numerous galleries, theaters, and performance spaces showcasing local talent. The Maryland Hall for the Creative Arts hosts a diverse range of events, from art exhibitions to live music performances, while the Annapolis Symphony Orchestra enchants audiences with world-class classical music. The city’s creative energy and artistic expression contribute to its dynamic and engaging atmosphere.
4. Scenic waterfront views
Living in Annapolis means being surrounded by breathtaking waterfront views, thanks to its prime location on the Chesapeake Bay. Residents can enjoy leisurely walks along the City Dock, take boat tours to explore the bay’s natural beauty, or simply relax and soak in the serene coastal ambiance. The city’s proximity to the water offers a tranquil and idyllic setting for those seeking a peaceful lifestyle.
5. Culinary delights
Annapolis is a haven for food enthusiasts, with a diverse culinary scene that caters to all tastes and preferences. From fresh seafood at waterfront restaurants to innovative farm-to-table eateries, the city offers a delectable array of dining options. The annual Annapolis Restaurant Week and Maryland Seafood Festival are just a few examples of the city’s commitment to celebrating its gastronomic heritage.
6. Close-knit community
Residents of Annapolis benefit from a close-knit community that fosters a strong sense of belonging and camaraderie. The city’s numerous neighborhood associations and community events create opportunities for residents to connect and engage with their neighbors, contributing to a warm and welcoming environment.
7. Access to outdoor recreation
Annapolis provides ample opportunities for outdoor recreation, with its proximity to the Chesapeake Bay and surrounding natural landscapes. Residents can enjoy sailing, kayaking, and paddleboarding on the bay, as well as hiking and biking along scenic trails. The city’s commitment to preserving green spaces ensures that nature enthusiasts have plenty of options for outdoor adventures.
Cons of living in Annapolis, MD
1. High cost of living
One of the drawbacks of living in Annapolis is the relatively high cost of living compared to other cities in Maryland. The average rent in Annapolis is $2,096, much higher than the $1,450 average rent in nearby Baltimore. Housing prices, utilities, and everyday expenses can be on the higher side, making it challenging for some residents to afford the lifestyle they desire.
2. Limited public transportation options
While Annapolis offers some public transportation services, such as buses and shuttles, the options are relatively limited compared to larger metropolitan areas. Residents who rely on public transit may find it challenging to access certain parts of the city or commute to neighboring areas efficiently.
3. Seasonal weather extremes
Annapolis experiences seasonal weather extremes, with hot and humid summers and cold winters. The city’s proximity to the Chesapeake Bay can also lead to occasional severe weather events, such as storms and flooding, which may pose challenges for residents and require proactive preparation.
4. Limited job market
While Annapolis offers employment opportunities in various sectors, the job market may be more limited compared to larger cities. Residents seeking specific career paths or industries may find it necessary to commute to nearby metropolitan areas for a wider range of job prospects.
5. Tourist influx
As a popular tourist destination, Annapolis experiences an influx of visitors throughout the year, particularly during peak seasons and special events. Events related to the U.S. Naval Academy are large draws for the town. While tourism contributes to the city’s vibrant atmosphere, residents may encounter crowded public spaces and increased activity in certain areas, impacting their daily routines.
6. Limited nightlife options
For residents seeking a bustling nightlife scene, Annapolis may offer fewer options compared to larger cities. While the city has a variety of bars, pubs, and live music venues, the nightlife may not be as extensive or diverse as in metropolitan areas, leading to a more subdued evening entertainment experience.
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“What’s the first thing that comes to mind when thinking of how you can improve your financial situation?”
Many people would say “spend less money.”
One way to do this is by buying something used. In fact, a study found that Americans buy 10% more new items than they did in 2008 because we have so many promotional offers available. Not only should you be trying to save some money on your purchases, but also cut all kinds of other expenses from your lifestyle and keep them at a minimum.
Usually, people spend more money than they need.
This can lead them to have less money saved or be able to afford the things they want.
However, with a few simple changes in your spending habits, you will be able to make more of what you earn and feel more satisfied.
In today’s world, it is easy to be overwhelmed by the amount of information available on how you should spend your money.
With more and more people struggling with their finances, I would like to share a few hacks that have helped me spend money wisely and simplify my life.
Also, I am going to include some simple money saving tips on how to spend less money! Do not get duped into buying things you did not plan on purchasing or spending more money than you needed to.
How to Spend Money Wisely
As you can see shortly, there are many ways to spend money wisely. Whether it be through saving, investing, or taking care of your health; with this article as a guide, you won’t have to worry about your money any longer.
This is meant to inspire people on how they can better manage their finances and live more efficiently, while still being able to get the things that they want.
Spending money wisely is a way of life, but it can be tough to know where exactly you should start.
Luckily for you, we will break down ten hacks for you to follow so that your money does not go to waste.
1. Pay Yourself First
You are probably wondering, why is saving money about how to spend money.
The first thing you should do to spend money wisely is to pay yourself first.
This could be saving for the future with an emergency fund, which can be used in case of emergencies or downturns in your financial situation. This can be done by contributing to a high-interest savings account and saving up to $1,000 or more for emergencies.
Or choose one of our money saving challenges to match your financial goals.
2. Take Care of You
You need to take care of your health, as that will improve the quality and longevity of your life.
Making wise choices on choosing quality food and healthcare may cost more money upfront, but in the long run, it will save you money on huge medical expenses.
You spend your money wisely by taking care of your health. Money spent on a gym membership, healthy food, and other medical expenses can save you even more money in the long run.
Many people love the idea of time freedom for this reason.
3. Invest in Your Future
One way to spend money wisely is by investing in your future. This might be done through a 401(k) or Roth IRA, which lets you invest pre-tax dollars and then withdraw them tax-free once you retire.
This can be a great way to save on taxes, but the money needs to stay invested for at least five years before you’re able to withdraw it without a penalty.
4. Choose Experiences
We live in a society that prizes material purchases and spending. Remember to prioritize experiences by getting outside. Not just for your health, but also on the mental and emotional levels, as well as the personal and even family levels.
Also, a plethora of benefits to spending money on experiences, not all materialism related.
Try to spend less on electronics and materialistic items that fill your home and more on experiences like travel or going out with friends.
This is a great way to spend time with your family and friends instead of buying things for them.
Related Reading: Overcome Gift Regret: Experience Gift Ideas That Do Not Go To Waste
5. Set Goals
Many of us, regardless of financial status, know that if we want to live on the right path without having our finances stress us out, then there are good habits to be followed.
Think about how much money you want to make in the next five years or ten years and make up how to get there.
Now, you need to line up your spending to make that happen.
Not sure how to set goals? Start here with making smart financial goals.
6. Budget
The next hack is to make a budget and stick to it, which will help you spend your money wisely by only spending what you have available in each category.
A budgeting strategy helps you develop better financial skills. These strategies are practiced in order to help prevent overspending and create a set spending plan for you.
Create a budget that includes all your expenses and then each time you get paid, put a little bit of your paycheck into each category.
7. Evaluate Your Spending
Oftentimes, we find ourselves buying items that are not necessary and just a waste of money. This hack is to evaluate what you’re spending your money on and think about whether or not you want to continue this habit.
For every purchase ask yourself if the item is worth it and what will happen if you don’t buy it.
By completing a no spend challenge, you will be amazed at the things you find out are not worth spending the money on.
8. Likeminded People
Next, you should try to spend less time with people who are going to make you feel bad about yourself.
This is a hard one but just think of the good things that will happen when you stop hanging out with people who make you feel bad.
If you are constantly around people you need to learn how to not spend money, then you will be battling upstream battle. Look for those who have the same mindset and are determined to spend money wisely.
9. Spend on Quality Over Quantity
The best way to buy quality items is to spend more money on them. Buying cheaper items has its risks, but over time it will lead to dissatisfaction with the product and waste of money.
If possible try to spend money on things that will last a long time and not just stuff like food or rent.
This concept of quality of quantity is not difficult to understand. For example, instead of owning 10 pairs of jeans that you think you need, you spend money on the two pairs of quality jeans that you love.
Because items are so cheap to pick up, it is easy to quickly fill our homes with quantity and excess stuff (plus we are spending more in the process). Instead, spend a little more and buy less of what you truly need or want.
10. Eat at Home
One way to save money is by cooking more at home and not going out to eat. You can also cut down on the amount of food you purchase, which will help you save a ton of money in the long run.
Instead of buying food that will go bad quickly or ruin your health, buy more expensive food. This way you are spending less money on the product but it is going to last longer and be better for you.
By spending money wisely, you must learn how to spend less money on food.
11. Use Tax-Advantaged Accounts
Specifically, I am talking about FSA or HSA, or dependent care FSA. This is when you set aside money each year for these purposes. Money goes into these accounts tax-free, so you are lowering your taxable income.
On how to spend FSA money, you must have the proper documentation on your plan. The same is true for how to spend HSA money.
The limits change each year on how much you can contribute to each of these plans, but the maximum you can spend tax-free is over $20,000 for a family.
This is a great trick to spend money wisely and lower the amount you owe in taxes. Just make sure to spend the amounts in the FSA each year!
12. Spend on things that add happiness to life
Personally, I have a hard time spending money. Period. This is something I am working on as we progress through our financial journey. Now, I look to spend money on ways that will improve our life or bring smiles to our faces.
Spend on things that add happiness to your life.
For example, if you’re happy with the new shoes you’ve just bought, then it’s worth spending money on them! If you love to travel, spend on travel. If you like reading fiction novels, spend on fiction novels.
Spend your money on things you enjoy and make the most of the disposable income you have.
How to Spend Money to Make Money
One of the best ways to make money is to give back. However, it takes some money to make money, which is typically frustrating to those who constantly want to make more money per year.
By selling a product or service, you are supplying them with your knowledge, advice, and understanding. Another way is through investments. Investing, while not always profitable, has companies that adhere to companies of all kinds.
One of the best ways to spend money wisely is to invest in ways to make money.
There are plenty of ways to make money and start your own business.
Here is a great book to open you up to the idea of starting your own business and the freedom with money it can bring.
Here are great ways to make money on the side:
It is possible to make more money on your business than you make more money in your current job or career.
How to Spend Less Money
Many of us spend too much on material items that are not actively used. This creates a situation where we have to make more purchases in order to get the same level of happiness.
The first step towards becoming frugal is deciding what you want out of your possessions, and then only buying those things which will provide you with this goal.
Here are 32 easy ways to do that!
Shop at Discount Stores: You don’t have to go all out with your shopping if you’re looking for a way to save some money. There are plenty of stores that offer great deals and you can still find some really cute clothes.
Find Online Deals: You can find deals online for just about anything. This is a great way to get the deals that you might not know about. There are so many websites out there dedicated to helping you find the best deals and coupons.
Save Money on Your Cell Phone Bill: Just because the cell phone companies want to charge an arm and a leg for service doesn’t mean you have to. There are plenty of options out there where you can find great deals on your cell phone bill without having to break the bank.
Call and Cancel Unnecessary Services: Do you really need to subscribe to cable? How about getting rid of your gym membership because you know that all the exercise won’t do anything for your weight. The truth is you don’t need a lot of these things that are costing you money. Also, try a free service like Trim or Billshark.
Buy Generic Items: Do your shopping at the grocery store and buy generic items instead of brand names for most of your purchases.
Buy in Bulk: Buy items like toilet paper, cleaning supplies, and other things in bulk to save on the cost of each individual item. This is more so for families who can buy food in bulk.
Start Couponing: This is a great way to save money. I know it’s not the most enticing offer, but if you’re looking to save money then coupons can be your best friend. You can go online and find coupons for items that are on sale at your favorite store or you can get them in the Sunday paper.
Use Public Transportation: This is a great way to save on gas and wear and tear on your car.
Get Rid of the Car: If you live in an urban area, it might be worth getting rid of the car and using public transportation or just walking instead. Or become a single-car family.
Carpooling: One of the biggest hacks that many people are unaware of is carpooling- which can save up to $1,000 per year.
Rent Things: Whether it is a video, movie, or power tools to complete a project, renting will save you money.
Use Less Electricity: Turning off lights and other electronics when they are not in use can really help!
Eat Spaghetti: Eating pasta saves money and reduces your grocery bill.
Use the Library: If you like to read, the library might be another alternative to buying books.
Borrow Books: Borrowing books from the library or your friends is a great way to read for free!
Use Online Promo Codes: Using promo codes or coupon codes on all of your online purchases will make a huge difference. Here is a great place to find promo codes and get money back on your purchases.
Eat Out Less Often: Eating out less can save money!
Eat Less Meat: Eating less meat will save on your grocery bill! There are so many wonderful delish meals made with beans!
Buy Used: If you must buy something but don’t want to spend much, consider buying used versions of the items you need. Buying used products will save money and help the environment.
Share with Friends: Sharing your belongings, like clothes or toys, can save you money.
Ask for Help: When someone offers to help you do something it’s only polite to take them up on it.
Find Used Clothing: Buying clothing used can save you a lot of money and help the environment!
Downsize Your Hobby: It’s important to live within your means. If you have an expensive hobby it may be time to scale back on the expense or find a cheaper one.
Need vs Want: Try not to spend money on things that are “needed” but not “wanted.”
Avoid Impulse Spending: Try to plan before you buy anything- think about what you need, the price of items, and if it is worth buying.
Plan Free Activities: Plan outings with friends and family, rather than going to the movies or restaurants alone.
Plan For Expensive Times: Give your friends a heads up before you go out on an expensive outing so they know it’s coming. They may be able to help cover the cost or provide a cheaper alternative. This will help everyone’s budget.
Do Your Research: Research all of your options before you make any purchase- this will allow you to get the best bang for your buck and find the best deals.
Bartering: If you must buy something, but you don’t want to spend much money on it-consider bartering with someone or buying used items instead of new ones (e.g., clothes, furniture).
Know-How You Spend Money: Keep a budget to track your spending and be aware of how much money you have left at the end of the day or week so you can plan accordingly.
Negotiate on Price: If you plan to buy something, don’t tell the retailer how much money you have until after they give their price- this can help save money and time by eliminating any final price negotiations.
Think Before You Spend: Put some thought into your purchases before you make them- this will help you make sure you really want to spend money.
How Much Money Should you Spend?
There is a lot of conflicting information on how much money should be allocated to needs vs. wants, but this takes into account what percentage of take-home pay should be spent on necessities.
Here is the Cents Plan Formula we Use at Money Bliss:
50% to Basic Expenses
20% to Savings
10% to Giving
20% to Fun Spending
0% to Debt
So, the average person should spend 50% of their take-home pay towards needs. That means you must spend your money wisely.
Keep a list of what you spend and how much it cost.
You should have some idea of how much money you are able to spend on what. This will help you decide whether it is worth buying a thing or not before purchasing it.
Use the list to see where you can make adjustments, for example spending more time with your family or finding fun things to do with no money.
Ready to Start Spending Money Wisely?
Spending money wisely can seem complicated at times.
The key to using money wisely is understanding how you spend your cash. Spending tends to happen automatically, which can lead people down the path of overspending and debt if not monitored closely.
The affordability of happiness and satisfaction depends intensely on the money we have.
The activities we could do, and expenses we could cut out, can be often atrocious and insufficient for our expectations.
Extreme dissatisfaction and the whole time earning less than we would desire, we may feel that we need to know how to spend money wisely.
The vital hacks elaborated in this post will help to understand caring for a budget, and changing our habits to spend more wisely.
When spending money wisely, people should be aware of their habits so they can change them in order to save more and spend less on things that do not bring happiness or benefit the person’s life.
If you want to save money, spend it on something that will make your life better or more enjoyable.
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.
Known for its contributions to aviation history and its robust industrial past, Dayton offers residents a blend of cultural heritage, economic opportunity, and a tight-knit community feel. However, as with any location, living in Dayton comes with both benefits and challenges. From its affordable cost of living and rich educational resources to its variable weather, it’s important to consider all aspects before deciding to call Dayton home. In this article, we explore the pros and cons of living in Dayton, providing you with a detailed perspective to help you determine if this city aligns with your lifestyle. Let’s get started.
Dayton at a Glance
Walk Score: 45 | Bike Score: 47
Median Sale Price: $130,000 | Average Rent for 1-Bedroom Apartment: $830
Dayton neighborhoods | Houses for rent in Dayton | Apartments for rent in Dayton | Homes for sale in Dayton
Pro: Affordable cost of living
The cost of living in Dayton is 5% lower than the national average. Additionally, average housing prices are particularly affordable, with a variety of options ranging from historic homes to modern apartments. This affordability extends to other living expenses such as groceries, utilities, and healthcare, making it an attractive option for individuals looking to stretch their dollars further.
Con: Limited public transportation
One of the cons of living in Dayton is the limited public transportation options. The Greater Dayton RTA provides bus services, but the routes and schedules may not be as extensive or convenient as those in larger metropolitan areas. This can make commuting without a personal vehicle challenging, especially for those who rely on public transit for daily activities. Locals often find themselves needing to drive, which can be inconvenient and costly.
Pro: Rich aviation history
Dayton has deep-rooted aviation history, being the birthplace of the Wright brothers. The city is home to the National Museum of the United States Air Force, which is the oldest and largest military aviation museum in the world. Visitors can explore a vast collection of aircraft and artifacts, including the Wright Flyer III. This rich heritage offers a unique cultural experience that aviation enthusiasts and history buffs will find fascinating.
Con: Air quality concerns
Dayton occasionally faces air quality issues, particularly during the summer months. Industrial activities and vehicle emissions contribute to higher levels of pollutants, which can affect residents’ health and outdoor activities. Those with respiratory conditions may find the air quality challenging, and it can detract from the overall quality of life in the city.
Pro: Strong educational institutions
Dayton is home to several reputable educational institutions, including the University of Dayton and Wright State University. These universities offer a wide range of undergraduate and graduate programs, as well as continuing education courses for lifelong learners. Additionally, the presence of these institutions fosters a strong academic environment, with numerous cultural and intellectual events open to the public.
Con: Harsh winters
Residents of Dayton experience harsh winters, with cold temperatures and significant snowfall. The winter weather can be challenging, particularly for those unaccustomed to dealing with icy roads and shoveling snow. The cold season can also lead to higher heating costs and potential disruptions in daily activities, making it a less appealing aspect of living in the city.
Pro: Thriving arts scene
Another pro of living in Dayton is its thriving arts scene, with numerous galleries, theaters, and performance spaces. The Dayton Art Institute and the Schuster Performing Arts Center are prominent cultural landmarks that host a variety of exhibitions, concerts, and theatrical productions. This lively arts community provides residents with rich cultural experiences and opportunities to engage with the arts.
Con: Limited nightlife options
While Dayton has a variety of dining and entertainment options, its nightlife scene is relatively limited compared to larger cities. The city has a few bars, clubs, and live music venues, but the options may not be as diverse or plentiful. This can be a drawback for those who enjoy a bustling nightlife and seek a wide range of evening entertainment activities.
Pro: Abundant green spaces
Dayton offers an abundance of green spaces and parks, providing residents with ample opportunities for outdoor recreation. The Five Rivers MetroParks system includes over 16,000 acres of parks, rivers, and trails. Popular spots like the RiverScape MetroPark and the Wegerzyn Gardens MetroPark offer scenic views and activities such as kayaking, hiking, and picnicking, making it easy for locals to enjoy nature.
While Dayton has several shopping centers and local boutiques, the shopping options may be limited compared to larger cities. Locals may find themselves traveling to nearby cities like Cincinnati or Columbus for a wider variety of retail stores and specialty shops. This can be inconvenient for those who enjoy frequent shopping or seek specific brands and products.
Dayton is known for its strong sense of community and friendly residents. The city hosts numerous community events and festivals throughout the year, such as the Dayton Celtic Festival and the Dayton Air Show. These events foster a sense of belonging and provide opportunities for residents to connect with one another, creating a welcoming and tight-knit community atmosphere.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Inside: Learn what 23 an hour is how much a year, month, and day. Plus tips to budget your money. Don’t miss the ways to increase your income.
You’re probably wondering if I made $23 a year, how much do I truly make? What will that add up to over the course of the year when working? Is $23 an hour good?
Is this wage something that I can actually live on? Or do I need to find ways that I can increase my hourly wage? How much more is $23.50 an hour annually?
In this post, we’re going to detail exactly what $23 an hour is how much a year. Also, we are going to break it down to know how much is made per month, bi-weekly, per week, and daily.
That will help you immensely with how you spend your money. Because too many times the hard-earned cash is brought home, but there is no actual plan for how to spend that money.
By taking a step ahead and making a plan for the money, you are better able to decide how you want to live, make sure that you put your money goals first, and not just living paycheck to paycheck struggling to survive.
The ultimate goal with money success is to be wise with how you spend your money.
If that is something you want too, then keep reading. You are in the right place.
$23 an Hour is How Much a Year?
When we ran all of our numbers to figure out how much $23 per hour is an annual salary, we used the average working day of 40 hours a week.
40 hours x 52 weeks x $23 = $47,840
$47,840 is the gross annual salary with a $23 per hour wage.
As of June 2023, the average hourly wage is $33.58 (source).
Let’s break down how that number is calculated.
Typically, the average work week is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, multiply the hourly salary of $23 times 2,080 working hours, and the result is $47,840.
That number is the gross income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
Work Part Time?
But you may think, oh wait, I’m only working part time. So if you’re working part time, the assumption is working 20 hours a week at $23 an hour.
Only 20 hours per week. Then, take 20 hours times 52 weeks and that equals 1,040 working hours. Then, multiply the hourly salary of $23 times 1,040 working hours, and the result is $23,920.
How Much is $23 Per Month?
On average, the monthly amount would average $3,987.
Annual Amount of $47,840 ÷ 12 months = $3,987 per month
Since some months have more days and fewer days like February, you can expect months with more days to have a bigger paycheck. Also, this can be heavily influenced by how often you are paid and on which days you get paid.
Plus by increasing your wage from $22 an hour, you average an extra $2000 per year. So yes, one more dollar an hour makes a huge difference and adds up!
Work Part Time?
Only 20 hours per week. Then, the monthly amount would average $1,993.
How Much is $23 per Hour Per Week
This is a great number to know! How much do I make each week? When I roll out of bed and do my job, what can I expect to make at the end of the week?
Once again, the assumption is 40 hours worked.
40 hours x $23 = $920 per week.
Work Part Time?
Only 20 hours per week. Then, the weekly amount would be $920.
How Much is $23 per Hour Bi-Weekly
For this calculation, take the average weekly pay of $920 and double it.
$920 per week x 2 = $1,840
Also, the other way to calculate this is:
40 hours x 2 weeks x $23 an hour = $1840
Work Part Time?
Only 20 hours per week. Then, the bi-weekly amount would be $920.
How Much is $23 Per Hour Per Day
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour work day.
8 hours x $23 per hour = $184 per day.
If you work 10 hours a day for four days, then you would make $230 per day. (10 hours x $23 per hour)
Work Part Time?
Only 4 hours per day. Then, the daily amount would be $92.
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.
$23 Per Hour is…
$23 per Hour – Full Time
Total Income
Yearly Salary (52 weeks)
$47,840
Yearly Wage (50 weeks)
$46,000
Monthly Salary (173 hours)
$3,987
Weekly Wage (40 Hours)
$920
Bi-Weekly Salary (80 Hours)
$1,840
Daily Wage (8 Hours)
$184
Net Estimated Monthly Income
$3,044
**These are assumptions based on simple scenarios.
Paid Time Off Earning 23 Dollars an Hour
Does your employer offer paid time off?
As an hourly employee, you may or may not get paid time off.
So, here are the scenarios for both cases.
For general purposes, we are going to assume you work 40 hours per week over the course of the year.
Case # 1 – With Paid Time Off
Most hourly employees get two weeks of paid time off which is equivalent to 2 weeks of paid time off.
In this case, you would make $47,840 per year.
This is the same as the example above for an annual salary making $23 per hour.
Case #2 – No Paid Time Off
Unfortunately, not all employers offer paid time off to their hourly employees. While that is unfortunate, it is best to plan for less income.
Life happens. There will be times you need to take time off for numerous reasons – sick time, handling an emergency, or even vacation.
So, let’s assume you take 2 weeks off without paid time off.
That means you would only work 50 weeks of the year instead of all 52 weeks. Take 40 hours times 50 weeks and that equals 2,000 working hours. Then, multiple the hourly salary of $23 times 2,000 working hours, and the result is $46,000.
40 hours x 50 weeks x $23 = $46,000
You would average $184 per working day and nothing when you don’t work.
$23 an Hour is How Much a year After Taxes
Let’s be honest… Taxes can take up a big chunk of your paycheck. Thus, you need to know how taxes can affect your hourly wage.
Also, every single person’s tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
Gross Annual Salary: $47,840
Federal Taxes of 12%: $5,741
State Taxes of 4%: $1,914
Social Security and Medicare of 7.65%: $3,660
$23 an Hour per Year after Taxes: $36,526
This would be your net annual salary after taxes.
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$36,526 ÷ 2,080 hours = $17.56 per hour
After estimated taxes and FICA, you are netting $17.56 an hour. That is $5.44 an hour less than what you thought you were paid.
This is a very highlighted example and can vary greatly depending on your personal situation. Therefore, here is a great tool to help you figure out how much your net paycheck would be.
Plus budgeting on a just over $17 an hour wage is much different.
$23 an Hour Salary Calculator
Now, you get to figure out how much you make based on your hours worked or if you make a wage between $23.01-23.99.
This is super helpful if you make $23.35 or $23.69.
You are probably wondering can I live on my own making 23 dollars an hour? How much rent can you afford at 23 an hour?
Using our Cents Plan Formula, this is the best case scenario on how to budget your $23 per hour paycheck.
When using these percentages, it is best to use net income because taxes must be paid.
In this example, we calculated $23 an hour was $17.56 after taxes. That would average $3,044 per month.
According to the Cents Plan Formula, here is the high level view of a $23 per hour budget:
Basic Expenses of 50% = $1,522
Save Money of 20% = $609
Give Money of 10% = $304
Fun Spending of 20% = $609
Debt of 0% = $0
Obviously, that is not doable for everyone. Even though you would expect your money to go further when you are making double the minimum wage. So, you have to be strategic in ways to decrease your basic expenses and debt. Then, it will allow you more money to save and have fun money.
To further break down an example budget of $23 per hour, then using the ideal household percentages is extremely helpful.
recommended budget percentages based on $23 per hour wage:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$315
Savings
15-25%
$638
Housing
20-30%
$957
Utilities
4-7%
$199
Groceries
5-12%
$319
Clothing
1-4%
$40
Transportation
4-10%
$159
Medical
5-12%
$199
Life Insurance
1%
$16
Education
1-4%
$22
Personal
2-7%
$60
Recreation / Entertainment
3-8%
$120
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$943
Total Gross Income
$3,987
**In this budget, prioritization was given to basic expenses. Thus, some categories like giving and saving were less.
Can I Live off $23 Per Hour?
At this $23 hourly wage, you are close to double the minimum wage. Things should be easy to live on this $23 hourly salary or just above $47,000 a year.
However, it is still below the median income of over $60,000 salary. That means it can still be a tough situation.
Is it doable? Absolutely.
In fact, $23 an hour is four dollars higher than the median hourly wage of $19.33. That seems backward, but typically salaried workers earn more per hour than hourly workers.
Can you truly live off $23 an hour annually?
You just have to be wiser (or frugal) with your money and how you spend the hard-earned cash you have been blessed with.
If you are constantly struggling to keep up with bills and expenses, then you need to break that constant cycle. It is possible to be smart with money.
You need to do is change your money mindset.
This is what you say to yourself… Okay, this is my season of life right now. I have aspirations and goals to change how much I make, but for now, I am going to make sure that I am able to live on my 23 dollars per hour. No going into debt for me. I will start saving money.
In the next section, we will dig into ways to increase your income, but for now, is it possible to live on $23 an hour?
Yes, you can do it, and as you can see it is possible with the sample budget of $23 per hour.
Living in a higher cost of living area would be more difficult. So, you may have to get a little creative. For example, you might have to have a roommate. Move to a lower cost of living area where rent is cheaper.
Also, you must evaluate your “fun spending” items. Many of those expenses are not mandatory and will break your budget. You can find plenty of free things to do without spending money.
5 Ways to Increase Your Hourly Wage
This right here is the most crucial section of this post.
You need to figure out ways to increase your hourly income because I’m going to tell you…you deserve more. You do a good job and your value is higher than what your employers pay you.
Even an increase of 50 cents to $23.50 will add up over the year. Even better $24 an hour is awesome!
1. Ask for a Raise
The first thing to do is ask for a raise. Walk right in and ask for a raise because you never know what the answer will be until you ask.
If you want the best tips on how specifically to ask for a raise and what the average wage is for somebody doing your job, then check out this book. In this book, the author gives you the exact way to increase your income. The purchase is worth it or go down to the library and check that book out.
2. Look for A New Job
Another way to increase your hourly wage is to look for a new job. Maybe a completely new industry.
It might be a total change for you, but many times, if you want to change your financial situation, then that starts with a career change. Maybe you’re stressed out at work. Making $23 an hour is too much for you and you’re not able to enjoy life, maybe changing jobs and finding another job may increase your pay, but it will also increase your quality of life.
3. Find a New Career
Because of student loans, too many employees feel like they are stuck in the career field they chose. They feel sucked into the job that they don’t like or have the potential they thought it would.
For many years, I was in the same situation until I decided to do a complete career change. I am glad I did. I have the flexibility that I needed in my life to do what I wanted when I needed to do it. Plus I am able to enjoy my entrepreneurial spirit.
4. Find Alternative Ways to Make Money
In today’s society, you need to find ways to make more money. Period.
There is no way to get around it. You need to find additional income outside a traditional nine-to-five position or typical 40 hour a week job. You will reach a point where you are maxed on what you can make in your current position or title. There may be some advancement to move forward, but in many cases, there just is not much room for growth.
So, you need to find side hustle – another way to make money.
Do something that you enjoy, turn your hobby into a way to make money, turn something that you naturally do, and help others into a service business. In today’s society, the sky is the limit on how you can earn a freelancing income.
5. Earn Passive Income
The last way to increase your hourly wage is to start earning passive income.
This can be from a variety of ways including the stock market, real estate, online courses, book sales, etc. This is where the differentiation between struggling financially and becoming financially sound happens.
By earning money passively, you are able to do the things that you enjoy doing and not be loaded down, with having a job that you need to work, and a place that you have to go to. And you still make money doing nothing.
Here is an example:
You can start a brokerage account and start trading stocks for $50. You need to learn and take the one and only investing class I recommend. Learn how the market works, watch videos, and practice in a simulator before you start using your own money.
One gentleman started with $5,000 in his trading account and now has well over $36,000 in a year. Just from practice and being consistent, he has learned that passive income is the way for him to increase his income and also not be a slave to his job.
Related Question: How Fast Can you Make Money in Stocks? The Real Answer
Tips to Live on $23 an Hour
In this last section, grasp these tips on how to live on $23 an hour. On our site, you can find lots of money saving tips to help stretch your income further.
Here are the most important tips to live on $23 an hour. Highlight these!
1. Spend Less Than you Make
First, you must learn to spend less than you make.
If not you will be caught in the debt cycle and that is not where you want to be. You will be consistently living paycheck to paycheck.
In order to break that dreadful cycle, it means your expenses must be less than your income.
And when I say income, it’s not the $23 an hour. As we talked about earlier in the post, there are taxes. The amount of taxes taken out of your paycheck is called your net income which is your take home of $23 an hour minus all the taxes, FICA, social security, and Medicare are taken out. That is your net income.
So, your net income has to be less than your gross income.
2. Living Below Your Means
You need to be happy. And living on less can actually make you happier. Studies prove that less is better.
Finding contentment in life is one thing that is a struggle for most.
We are driven to want the new shiny toy, the thing next door, the stuff your friend or family member got. Our society has trained you that you need these things as well.
Have you ever taken a step back and looked at what you really need?
Once you are able to find contentment with life, then you are going to be set for the long term with your finances.
Here is our story on owning less stuff. We have been happier since.
3. Make Saving Money Fun
You need to make saving money fun. If you’re good, since you must keep your expenses low, you have to find ways to make your savings fun!
Find new ways of saving money and have fun with it.
Even better, get your family and kids involved in the challenge to save money. Tell them the reason why you are saving money and this is what you are doing.
Here are 101 things to do with no money. Free activities without costing you a dime. That is an amazing resource for you and you will never be bored.
And you will learn a lot of things in life you can do for free. Personally, some of the best ones are getting outside and enjoying some fresh air.
4. Make More Money
If you want if you do not settle for less, then find ways to make more money. If you want more out of life, then increase your income.
You need to be an advocate for yourself.
Find ways to make more money.
It could be a side hustle, a second job, asking for a raise, going to school to change careers, or picking up extra hours.
Whatever path you take, that’s fine. Just find ways to make more money. Period.
5. No State Taxes
Paying taxes is one option to increase what you take home in each paycheck.
These are the states that don’t pay state income taxes on wages:
Alaska
Florida
Nevada
New Hampshire
South Dakota
Tennessee
Texas
Washington
Wyoming
It is very interesting if you take into account the amount of state taxes paid compared to a state with income taxes.
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, and Wisconsin. These states tax income somewhere between 7.65% – 13.3%.
6. Stick to a Budget
You need to learn how to start a budget. We have tons of budgeting resources for you.
While creating a budget is great, you need to learn how to use one.
You do not have to budget down to every last penny.
You need to make sure your expenses are less than your income and that you are creating sinking funds for those irregular expenses.
Budget Help:
7. Pay Off Debt Quickly
The amount that you pay interest on debt is absolutely absurd.
Unfortunately, that is how many of these companies make their money from the interest you pay on debt.
If you are paying 5% to even 20-21% or higher, you need to find ways to lower that debt quickly.
Here’s a debt calculator to help you. Figure out your debt free date.
Make that paying off debt fast is your target and main focus. I can tell you from personal experience, that it was not until we paid off our debt that we finally rounded the corner financially. Once our debt was paid off, we could finally be able to save money. Set money aside in separate bank accounts and pay for cash for things.
It took us working hard to pay off debt. We needed persistence and patience while we had setbacks in our debt free journey.
Jobs that Pay $23 an Hour
You can find jobs that pay $23 per hour. Polish up that resume, cover letter, and interview skills.
Job Search Hint: Always send a written follow-up thank you note for your interview. That will help you get noticed and remembered.
First, look at the cities that require a minimum wage in their cities. That is the best place to start to find jobs that are going to pay higher than the federal minimum wage rate. Many of the cities are moving towards this model so, target and look for jobs in those areas.
Possible Ideas:
Virtual Assistant – Get free training NOW!
Customer service representatives
Bank tellers
Freelance writers
Restaurant Kitchen staff
Truck driver
Uber /Lyft driver
Security guard
Freight broker
Movers
Warehouse workers
Nannies
Pharmacy Tech
Certified Nursing Assistant
Companies that pay more than $23 per hour:
DHL
U-Haul
Kroger
Costco
Wayfair
Amazon
Best Buy
Target
Wells Fargo
Disney World
Disney Land
Bank of America
JP Morgan
Cigna
Aetna
$23 Per Hour Annual Salary
In this post, we detailed 23 an hour is how much a year. Plus all of the variables that can impact your net income. This is something that you can live off.
How much is 23 dollars an hour annually…
$47,840
This is right between $46000 per year and $48k a year. In this post, we highlighted ways to increase your income as well as tips for living off your wage.
Use the sample budget as a starting point with your expenses.
You will have to be savvy and wise with your hard-earned income. But, with a plan, anything is possible!
Still thinking I don’t want to work anymore, you aren’t alone and need to start to plan for your early retirement.
Learn exactly how much do I make per year…
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.
Tallahassee, the capital of Florida, seamlessly blends Southern charm with the energy of a thriving urban center. With its lush landscapes, rich history, and active community, Tallahassee offers a distinctive living experience. However, like any city, it presents a mix of advantages and challenges. Whether you’re drawn to its natural beauty or attracted to its cultural offerings, understanding the full scope of life in Tallahassee is essential. In this article, we’ll explore the pros and cons of living in Tallahassee, providing a comprehensive overview to help you determine if this dynamic city is the right place for you. Let’s jump in.
Tallahassee at a Glance
Walk Score: 30 | Bike Score: 45 | Transit Score: 30
Median Sale Price: $290,000 | Average Rent for 1-Bedroom Apartment: $1,255
Tallahassee neighborhoods | Houses for rent in Tallahassee | Apartments for rent in Tallahassee | Homes for sale in Tallahassee
Pro: Rich cultural heritage
Tallahassee boasts a cultural heritage that’s deeply rooted in its history as the capital of Florida. The city is home to numerous museums, including the Museum of Florida History and the Tallahassee Museum, which offer residents and visitors a glimpse into the state’s past. Additionally, the city’s arts scene is showcased through events like the annual Springtime Tallahassee festival. These events celebrate the city’s history and culture through activities like parades, live music, and local crafts.
Con: Limited public transportation
With a Transit Score of 30, a con of living in Tallahassee is the limited public transportation options. While the city does have a bus system, it’s not as extensive or frequent as those found in larger metropolitan areas. This can make it challenging for residents without a car to navigate the city efficiently. Furthermore, the lack of a robust public transportation network can contribute to traffic congestion during peak hours.
Pro: Affordable cost of living
One of the pros of living in Tallahassee is its affordable cost of living. In fact, the cost of living in Tallahassee is 7% lower than the national average. Average housing prices and rental rates are also generally lower than the national average. This makes the city an attractive option for individuals looking to stretch their budgets. Finally, the overall cost of goods and services in the city is relatively reasonable, allowing residents to enjoy a comfortable lifestyle without breaking the bank.
Con: Hurricane risk
Living in Tallahassee comes with the risk of hurricanes and tropical storms. While the city is not as prone to direct hits as coastal areas, it can still experience significant impacts from these weather events. Residents must be prepared for potential evacuations, property damage, and power outages during hurricane season.
Pro: Proximity to nature
Tallahassee is surrounded by beautiful natural landscapes, making it an ideal location for outdoor enthusiasts. The city is close to several state parks, including the Alfred B. Maclay Gardens State Park and the Apalachicola National Forest. These areas offer opportunities for hiking, biking, and bird-watching. Also, locals can enjoy swimming and kayaking in one of the world’s largest and deepest freshwater springs at the nearby Wakulla Springs State Park.
Con: Hot and humid summers
Residents of Tallahassee must contend with hot and humid summers. Temperatures often soar into the 90s, and the high humidity levels can make it feel even hotter. The weather can be particularly challenging for outdoor activities and may require residents to rely heavily on air conditioning to stay cool. This may be a significant drawback those not accustomed to this type of climate.
Pro: Strong educational institutions
Tallahassee is home to several prestigious educational institutions, including Florida State University (FSU) and Florida A&M University (FAMU). These universities provide excellent educational opportunities and contribute to the city’s strong academic and cultural environment. The presence of these institutions attracts a diverse population, fostering a dynamic and intellectually stimulating community.
Con: Pollen and allergy concerns
Tallahassee’s lush greenery and abundant plant life can contribute to high pollen levels, particularly during the spring and fall seasons. This can be problematic for those who suffer from allergies, as they may experience symptoms such as sneezing, congestion, and itchy eyes. Managing allergies can be a challenge and may require medication or other interventions to alleviate discomfort.
Pro: Historic architecture
Tallahassee is home to a wealth of historic architecture, with many buildings dating back to the 19th and early 20th centuries. The city’s historic districts, such as the Frenchtown and Myers Park neighborhoods, feature beautifully preserved homes and structures that offer a glimpse into the past. Walking tours and preservation efforts help maintain the city’s architectural heritage, providing locals with a unique and charming living environment.
While Tallahassee has a variety of local shops and boutiques, it lacks the extensive shopping options found in larger cities. The city has a few shopping centers and malls, but residents may find themselves traveling to nearby cities for a more diverse retail experience. This can be inconvenient for those who enjoy frequent shopping or are looking for specific brands and products that aren’t readily available locally.
Pro: Mild winters
Another pro of living in Tallahassee is its mild winter climate. Unlike many other parts of the country, the city experiences relatively mild temperatures during the winter months, with average highs in the 60s and 70s. This pleasant weather allows people to enjoy outdoor activities year-round and avoid the harsh conditions and snow that are common in northern states.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Welcome to the vibrant city of Birmingham, AL, where southern hospitality meets urban charm. Whether you’re exploring the historic Civil Rights District, savoring the flavors of the renowned food scene, or enjoying the lush green spaces, Birmingham has something for everyone. Residents here take pride in the city’s warm and welcoming atmosphere, making it an ideal place to call home. So whether you’re searching for the perfect apartment in downtown Birmingham or eyeing a cozy rental home in the suburbs, you’ve come to the right place.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Birmingham. Let’s get started and see what awaits in the Magic City.
Pros of living in Birmingham, AL
1. Rich cultural heritage
Birmingham is steeped in history and boasts a rich cultural heritage that is evident in its museums, art galleries, and historic landmarks. Residents have the opportunity to explore the city’s past at the Birmingham Civil Rights Institute, the Birmingham Museum of Art, and the Alabama Jazz Hall of Fame. The city’s vibrant arts scene also includes numerous theaters, music venues, and annual festivals that celebrate its diverse cultural influences.
2. Affordable cost of living
One of the major advantages of living in Birmingham is its affordable cost of living. The average rent for a 2 bedroom apartment in Birmingham is only $1,551, below the national median rent of $1,987. The city offers reasonably priced housing options, lower utility costs, and a lower overall cost of living compared to many other major cities in the United States. Residents can enjoy a high quality of life without breaking the bank, making Birmingham an attractive place to live for those seeking affordability.
3. Outdoor recreational opportunities
Birmingham is surrounded by natural beauty, with numerous parks, hiking trails, and outdoor recreational areas for residents to enjoy. Red Mountain Park, Ruffner Mountain, and Oak Mountain State Park are just a few of the outdoor spaces that offer opportunities for hiking, biking, and picnicking. The city’s proximity to the Appalachian Mountains also provides outdoor enthusiasts with easy access to a variety of outdoor activities.
4. Growing job market
Birmingham’s job market has been steadily growing, offering residents a range of employment opportunities across various industries. The city is home to a diverse economy, with a focus on healthcare, finance, manufacturing, and technology. Major employers in Birmingham include the University of Alabama at Birmingham, Regions Financial, AT&T, Honda, and St. Vincent Health System. Additionally, Birmingham’s entrepreneurial ecosystem is thriving, making it an appealing place for professionals looking to advance their careers or start their own businesses.
5. Culinary scene
Birmingham has gained recognition for its burgeoning culinary scene, with an array of restaurants, cafes, and food festivals that showcase the city’s diverse and innovative dining options. From traditional Southern cuisine at Helen and Farelly’s to international flavors, residents can indulge in a wide range of culinary experiences, making Birmingham a food lover’s paradise.
6. Community spirit
Birmingham is known for its strong sense of community and neighborly spirit. Residents often come together to support local initiatives, volunteer for charitable causes, and participate in community events. The city’s close-knit neighborhoods foster a sense of belonging and camaraderie, creating a welcoming and inclusive environment for residents.
7. Access to higher education
Birmingham is home to several esteemed colleges and universities, providing residents with access to higher education and lifelong learning opportunities. Institutions such as the University of Alabama at Birmingham, Samford University, and Birmingham-Southern College offer a diverse range of academic programs, cultural events, and resources for personal and professional development.
Cons of living in Birmingham, AL
1. Limited public transportation options
One of the challenges of living in Birmingham is the limited public transportation infrastructure. Birmingham has a low transit score of 21 out of 100, indicating that residents are highly car dependent. The city’s reliance on cars and the lack of comprehensive public transit options can make commuting and getting around the city more challenging, especially for those who prefer not to drive.
2. Humid climate
Birmingham experiences a humid subtropical climate, characterized by hot, humid summers and mild winters. The high humidity levels during the summer months can be uncomfortable for some residents, and the occasional severe weather events, such as thunderstorms and tornadoes, may pose a concern for those not accustomed to such conditions.
3. Limited nightlife options
While Birmingham has a growing entertainment scene, some residents may find the city’s nightlife options to be more limited compared to larger metropolitan areas. The availability of late-night venues, live music performances, and cultural events may not be as extensive as in other cities, which could be a drawback for those seeking a vibrant nightlife.
4. Limited public green spaces in some neighborhoods
While Birmingham offers a variety of outdoor recreational opportunities, some neighborhoods may have limited access to public green spaces and parks. This could be a drawback for residents who prioritize easy access to nature and outdoor amenities within their immediate community.
With its picturesque riverfront, rich cultural heritage, and bustling downtown scene, Wilmington offers a unique blend of urban excitement and small-town charm. Residents here enjoy a diverse culinary scene, a strong sense of community, and easy access to nearby major cities. Whether you’re seeking a trendy apartment in the heart of Wilmington or a cozy rental house in a historic neighborhood, this city has something for everyone.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Wilmington. Let’s get started and see what awaits in this hidden gem along the Brandywine River.
Pros of living in Wilmington, DE
1. Rich history and culture
Wilmington is steeped in rich history and culture, offering residents a deep sense of heritage and tradition. The city is home to numerous museums, including the Delaware Art Museum and the Delaware History Museum, providing a wealth of opportunities for residents to explore and appreciate the city’s cultural roots. Additionally, the Wilmington Riverfront is a vibrant hub of arts and entertainment, featuring galleries, theaters, and live music venues that contribute to the city’s dynamic cultural scene.
2. Proximity to major cities
One of the advantages of living in Wilmington is its close proximity to major cities such as Philadelphia, Baltimore, and Washington D.C. This provides residents with easy access to a wide range of cultural and entertainment offerings, as well as employment opportunities and educational institutions. The city’s strategic location makes it an ideal choice for those who value the convenience of urban amenities while still enjoying a more relaxed pace of life.
3. Diverse dining options
Wilmington boasts a diverse culinary scene, with a wide array of dining options to suit every palate. From trendy farm-to-table eateries to international cuisine and classic spots like the Charcoal Pit, residents can indulge in a variety of culinary experiences without ever leaving the city. From old classics like the Charcoal Pit to the recently restored Le Cavalier, the Wilmington food scene is a haven for food enthusiasts and adventurous diners.
4. Access to outdoor recreation
Despite being an urban center, Wilmington offers ample opportunities for outdoor recreation. The city is home to numerous parks, trails, and green spaces like the Fox Point State Park on the Brandywine River. These green spaces providing residents with the chance to enjoy nature and engage in activities such as hiking, biking, and picnicking. The nearby Brandywine Valley also offers scenic landscapes and outdoor attractions, making it easy for residents to escape the hustle and bustle of city life.
5. Affordable cost of living
One of the appealing aspects of living in Wilmington is its relatively affordable cost of living compared to other East Coast cities. The average rent in Wilmington is only $1,737, which is lower than the national median rent of $1,987 and nearby Philadelphia’s average of $1,995. Housing costs, in particular, are more reasonable, allowing residents to enjoy a comfortable lifestyle without breaking the bank. This makes Wilmington an attractive option for individuals and families looking to establish roots in a city with a lower financial burden.
Cons of living in Wilmington, DE
1. Limited public transportation options
One of the drawbacks of living in Wilmington is the limited public transportation options available to residents. While the city does have a public bus system, it may not be as comprehensive or convenient as in larger metropolitan areas. Wilmington’s transit score is 48 out of 100, indicating that many residents need cars to get around. This can pose challenges for those who rely on public transit for their daily commute or prefer not to drive.
2. Weather extremes
Wilmington experiences weather extremes throughout the year, with hot and humid summers and cold winters. The fluctuating climate can be a downside for residents who prefer more moderate weather conditions. Additionally, the city is prone to occasional severe weather events, such as hurricanes and nor’easters, which can disrupt daily life and pose safety concerns.
3. Limited nightlife options
While Wilmington offers a vibrant cultural scene, the city’s nightlife options may be more limited compared to larger urban centers. Residents seeking a bustling nightlife with a wide variety of clubs, bars, and late-night entertainment venues may find the options in Wilmington to be relatively modest. This can be a downside for those who prioritize a lively social scene.
4. Traffic congestion
Like many cities, Wilmington experiences traffic congestion during peak commuting hours, which can lead to longer commute times and increased stress for residents. The city’s infrastructure may not be equipped to handle the volume of traffic during rush hours, resulting in delays and frustration for those navigating the roadways. This can be a significant drawback for individuals who value efficient and stress-free transportation.
5. Limited job market
Despite its proximity to major cities, Wilmington may have a more limited job market compared to larger urban centers. While there are opportunities in various industries, residents seeking a wide range of career options may find the city’s job market to be more constrained. This can be a challenge for individuals looking to advance their careers or explore diverse professional opportunities.
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Welcome to the 30 Day Money Challenge!
Today, you will learn how to make your money work for you. You don’t have to be a millionaire before knowing these things, but it’s important for everyone who wants financial stability.
Remember these keywords: saving and investing? This is where they come into play for long term success.
It’s not too late to make the right financial decisions.
But, finances are complicated and intimidating for most people so it can be hard to get started.
The 30 Day Money Challenge is here to help with that.
This 30 day financial challenge will help you create a strategy that can save, spend less, and make more by the end of this month!
Are you ready to dig into this month-long money challenge?
What is the 30 Day Money Challenge?
A money challenge is a plan for how to make your finances work better.
It can be as simple as spending less or eating out less, or something more complicated like saving up for retirement or buying a house.
During this month’s timeframe, you will dig into all areas of your finances to make sure you are on track to reach your money goals.
If you do not have financial goals, then we will make sure you do at the end of this money challenge.
I’ve seen a lot of spending challenges out there that are basically just a saving money chart telling you how much money to save each day to save $1000 or $500 in one month, but they don’t tell you how to save the money. That is where the rubber meets the road and this challenge will motivate you to improve your money habits.
Overall, you will learn more about your finances than you did previously.
Why a Money Challenge is Important
A 30 day challenge is a great way to get yourself motivated and focused on saving money and improving your money management.
The goal is not enough, you need the why behind it in order to see your savings grow.
This can be as simple as:
– Setting up a direct deposit from your paycheck to an account you control and only spending what’s in that account.
– Spending less on impulse buys.
– Cutting back on luxury items to save money.
– Living more in cash and less in credit card debt.
You can also take knowledge in knowing the number of our readers who have taken the challenge to improve their money management skills.
3 Steps to Start the Money Challenge
The 30 Day Money Challenge is a simple process that starts with 3 steps.
Your reward for participating in the challenge is pretty appealing, but the process can be hard for some.
So, know these steps before you start the challenge.
1. Pick a Time
While there is no good time to start, you need to find a time when you have the highest probability of success.
Starting the money challenge during the holidays will leave you defeated. Maybe starting as a New Year’s Resolution. Or during a quieter time throughout the year.
You need to find the “right” time because you will have to dedicate at least 10-30 minutes per day. However, the longer you put it off, the less likely you are to start.
2. Be Prepared
More than likely, you will be ripping off the band-aid on some old money failures and defeats. This is common.
You have to be mentally prepared to overcome these negative feelings towards money in order to find that breakthrough moment.
3. Accountability
Find someone to keep you accountable during the challenge.
There will be points when you want to accept defeat and run back to your old money ways. It’s great to create a support system for managing money wisely.
If those old money habits didn’t serve you well before, then how will they serve you moving forward.
You need to keep your eye on the prize!
Thirty Days of Money Challenges
A 30-day money challenge is a popular type of personal finance experiment in which participants take a pledge to review their finances and overcome any obstacles that are preventing them from long term financial stability.
The goal is to teach people how quickly they can change the trajectory of their personal finances before they snowball into a serious money problem.
Day 1 – Get Organized
If you don’t have an understanding of how many accounts you have, credit cards you have open, or debt payments that are due, then you must get your personal finances organized.
Start here to learn how to organize personal finances.
Day 2 – Understand your Income
If you do not know how much do I make a year, then you must figure that out first.
It is impossible to manage money if you do not know how much money is coming in.
Also, consider all types of income sources – earned, passive or investment.
Day 3 – Understand your Expenses
Understand where your paycheck is going. When you understand how much of your money is going to things like rent, utilities, and mortgage, you can make better decisions about spending.
This is not the time for “this-is-where-I-hope-my-spending-goes;” this is the true reality of how you spend money.
Day 4 – Pay Yourself First
This is a must for long-term success. Every time you get paid, you need to pay yourself first. Put a percentage of your paycheck into savings each month before anything else is spent on non-essential items.
We suggest starting with at least 5% of your income. Even better, you want to start with 20% of your income.
You must cut your fun spending until you can save money first.
When saving becomes an automatic habit, start investing through high yield accounts like IRAs and 401(K)s.
Day 5 – Automate your Emergency Savings
Set up a transfer to put $50 into your Emergency Fund every time you get paid.
Learn how much you need in your emergency fund. Remember, the goal is never to use your emergency fund, but you always want one – just in case!
Day 6 – Create Money Goals
Figure out what your financial goals are and how much they will cost over time, then come up with a strategy to achieve them.
You need to make a plan to reach your money goals.
If you skip this step, you may be lucky and still reach your goals. But, you can find better prosperity but writing out those money goals and maybe even using a vision board.
Learn how to create smart financial goals.
Day 7 – Budget Time
Crazy! I know. Most people would think that creating a budget would need to be first. But, it isn’t. You need to figure out days 1-6 first before you dig into budgeting.
Begin tracking your expenses on paper or online as soon as possible. Here are the best budgeting apps available.
The goal with the budget is to focus on saving first, then your expenses. you must spend less than you make.
Day 8 – Make More Money
Come up with ways to generate more income. Period. You need to make your money work for you.
You need to learn how to make your income work for you by creating streams of income outside of your primary work or “earned” income.
Theoretically, if multiple streams of revenue exist at your full-time job, you can work fewer hours than necessary.
Ways to Make Money:
Day 9 – Enough with Debt
Debt will hold you back. Period.
You need to recognize that paying off your debt is the best thing you can do for your finances. However, during this 30 day financial challenge, it is not the time to focus on paying off debt.
Calculate the total amount of debt (except mortgage).
Put down getting out of debt as one of your money goals and the timeframe to make it happen.
For now, don’t take on more debt, and make sure you’re paying the minimum on your credit card balance.
Day 10 – Understand Investing
Investing is a way of giving your money the opportunity to work for you. In other words, you are using what you have now in order to make more out of what you have in the future.
This is the first step to earning investment income that will fund your lifestyle.
Typically, most people associate investing in the stock market. Many people invest with their 401ks or IRAs. However, you can invest your personal income as well.
What if you could earn a return on that opportunity cost? For example, what if you invested the $10 in your wallet and it grew to be $20?
Learn how to start investing.
Trade and Travel 2.0
Learn to trade stocks with confidence.
Whether you want to:
Retire in peace without financial anxiety
Pay your bills without taking on a side hustle
Quit your 9-5 and do what you love
Or just make more than your current income….
Making $1,000 every.single.day is NOT a pie-in-the-sky goal.
It’s been done over and over again, and the 30,000 students that Teri has helped to be financially independent and fulfill their financial dreams are my witnesses…
Day 11 – Control Excess Spending
Every time you spend money, it is an opportunity cost to your future self. You are trading away your future self’s money to buy something today.
Is that what you want?
More than likely, no.
Learn how to drastically cut expenses.
Day 12 – Autopay your Bills
Consider setting up an autopay feature for your bills. It can help you avoid late fees and will have a steadier flow of money coming in.
This will help you to make sure you have the cash flow available to meet your expenses.
Day 13 – Avoid Fees
One of the best ways to save money is by avoiding fees.
If you have a credit card, consider switching to one with no annual fee or an introductory offer that expires after one year.
Check your bank and credit card statements for any fees you may not be aware of.
If there is a fee, call the company and negotiate to have it removed or reduced.
Day 14 – Automate Retirement Contributions
You should automatically make a certain percentage of your salary go to a 401k or other savings account, and the other percentage goes to your checking account for spending money.
This is something your human resources department can help you set up.
Day 15 – Increase your Retirement Contributions
Now, that you have automated your retirement contribution, you want to increase you much your contribution each year until you are maxed out by IRS limits.
Start to increase your retirement contributions by 1%.
Set a five-year goal to fully max your retirement contributions!
Halfway Point!!
You’re halfway through the 30 day money challenge!
Keep up the good work and keep reaching for your goals.
You’ve made it this far, so just imagine what you’ll be able to do in another month of working hard towards saving more money.
Day 16 – Communication
Don’t think money has to be a taboo topic. In fact, you need to be comfortable talking about money.
The key is to be on the same page with key family members about where money should go. This is something that we struggled with our marriage and had to overcome. Thankfully, we did and we made way more progress than previously.
Day 17: Invest in yourself
I know you’re probably tired of hearing about investing in yourself, but it’s important. Investing means putting money into something that will make more money back. You might not think this applies to you, but it really can! You might not have a big budget for investing in stocks or mutual funds right now, so let’s talk about something you do spend money on every day: you.
You only learn by growing.
Day 18 – Start Reading About Personal FInance
This isn’t something that you do once or twice. Make it a goal to read books on money or personal finances each month.
Importantly, make sure you are reading books, regardless of what aspect they look at money. It is never too late to pick up new tricks or ideas.
Plus learning from others’ money stories is powerful.
Day 19 – Free Fun
Participating in only free activities for 30 days, and refusing to spend a single penny, we created a guide to make that happen for you.
101+ Things to Do with No Money
After writing that post, we discovered this is one of the best money saving ideas out there. This guide not only teaches you how to save money but also teaches about where you want to spend money and the importance of living a purposeful life.
Day 20 – Review Insurance
You need to make sure you are properly covered with insurance as well as not paying too much money for your policies.
There are all of the types of insurance you need to review:
This is something you should do once a year.
Day 21 – Waste Less Food
You need to learn to save money by wasting less food.
This doesn’t mean you have to make homemade meals every night of the week! The goal is not to throw food away – that is hard earned cash going right down the trash.
Ways to Save Money on Groceries:
Day 22 – Buy Second Hand
Consider second-hand stores and consignment sales as options for buying used items. Thrift stores are also great to save money on clothes and other household items.
The same is true for buying cars, baby equipment, kids clothes, etc. Plus you protect our world.
Day 23 – Save Money
So, this day is all about saving money and I think that it’s the most important one of them all because if you’re not saving your money, then what are you doing with it? You’re throwing it away.
So today, I want to talk about two different types of saving money – physical and mental. The first one is all about physically saving your money. This is the easiest one because it doesn’t require any effort on your part to do so, but it’s also very important as well.
The second type of saving money is mental saving. This is all about saving your money because you know that something better will come along soon and it gives you hope for the future!
So, I think these two types of savings are both really important.
Day 24 – Give Back
This is the time to give back to others, donate money to charities, and put small contributions into charity.
By hoarding money, you are not learning the principles of helping others just like you have been helped along the way.
Day 25 – Renegoite Interest Rates
Right now, we are not starting to pay off debt. We are looking for ways to save on higher interest payments.
Make calls to renegotiate your interest rates on your debt. If the credit card company says no, then look at a zero interest transfer.
Just no more debt.
Day 26 – Avoid Scarity Mindset
You have to believe in yourself that you are capable of achieving great things and that includes success money.
However, we get caught in this trap of hoarding materialistic items in order to make up for the dollars in our bank account or money that was wasted in buying them.
If you don’t believe how poverty mentality overwhelms your life, then read this story of reclaiming your home with decluttering.
Day 27 – Cut Out What you Don’t Need
If you are not using something, sell it or give it away to someone who can use it more than you do!
You’ll save money and make room in your budget for the things that matter.
We learned a lot when we started to own less stuff.
Day 28 – Prepare for a No Spend Challenge
If you have not been able to keep your spending in check, this is an excellent opportunity for you to try out a no spend challenge once this challenge finishes.
A no spend challenge will help you to review your budget and see what areas of spending need more attention in order to increase savings or pay down debt.
Also, it will help you focus on what area are important to spend money.
Day 29 – Reward Yourself
This is the biggest lesson I learned when paying off debt and trying to increase our savings percentage. I became unable to spend money. I would feel guilty about spending money.
That is not the type of life you want. You must be comfortable spending money (especially if you are a thrifty person).
Pick rewards to match your smart financial goals. Keep motivated with those rewards.
Day 30 – Stay on Track
Proper money management does not end just because the end of the 30 day challenge is over. This is a lifelong skill to master and perfect.
Keep focused by not going over budget limits and being honest about where you really stand financially today as opposed to where you want it to be in the future.
You can stay on track if you have a deep desire to continue.
30 Day Money Saving Challenge
This one is just about saving money. Period.
Each day, you save money to reach your goal.
For many people, the 30 day money saving challenge will make sure you are on track with your goals and objectives.
At the minimum, you should be able to save $500 in 30 days. But, you need to decide what you want to save in a month.
The challenge is open to everyone, so this might be the perfect opportunity for you!
What is the 30 Day Money saving Challenge?
The 30 day money saving challenge is saving a set amount of money during the month.
Keep in mind, not everyone will be able to save this much in 30 days and that’s perfectly okay.
You need to make it work with your budget.
Another option for the 30 Day Money Challenge is committing to give up one or more expenses for the whole month. For instance, pick ten things that cost you money and give them up for 30 days.
How to get started with the 30 day savings challenge
The 30 day savings challenge is a simple but effective way to get started saving money.
You can choose any of these methods:
Take the amount you want to save and divide by 30. That is how much to save daily.
Determine the amount to save and take that immediately when you are paid.
It is easy to go in order or skip around depending on what amount you want to save each day.
Keep change hidden in jars and watch it add up over time, then put the money away every day and see where they rank at the end of the month.
Give up a certain expense and save that money.
Try a modified version of the 100 day challenge.
You can find plenty of money saving challenge printable or PDF in our resource library.
Want more easy money saving challenges?
Are you in for this 30 Day Money Reset Challenge?
This is only a 30 day money challenge because it’s a short period of time to gain a win. That is what you need to keep up the motivation as well as have a strong kickstart to your finances.
In order to build wealth through their finances, these are 30 smart moves that require no time on some days.
Don’t lose momentum. If you miss a day, then jump back into the challenge the next day.
The key to success for 2021 is to take control of your finances.
Photo Credit:
www.rakuten.com
The Shopping Trick to Save Hundreds of Dollars
Personally, I love to shop online from the convenience of my own home and have packages delivered to my house. Plus you can get paid to shop online!! The process is super simple.
Just head here to get an Rakuten/Ebates account, click on the retailer you are shopping online, and then complete your checkout process as normal.
Already a Rakuten / Ebtaes member? Make sure you have the Extension Buttonfor automatic savings!
Photo Credit:
www.asktrim.com
Perfect for the person who hates to hassle with canceling subscriptions and checking spending. Trim is a virtual personal assistant that constantly works to save users money.
Trim adds value in such ways as canceling old subscriptions, setting spending alerts, checking how much users spent on ride-sharing apps the previous month, and automatically fighting fees.
Photo Credit:
ibotta.com
Ibotta can be used for grocery stores, drugstores or online shopping. Once you accrue $20 in your account, you can transfer it to PayPal or venmo or buy gift cards to selected retailers.
Just for signing up, they will give you a bonus when you use use this link. Ibotta rocks at bonus categories and offers. This is where your cash back can really add up fast.
Photo Credit:
checkout51.com
Checkout 51 can be used for grocery stores or drugstores. Their offers are valid each week from Thursday-Wednesday. With new offers released each Thursday.
One of my favorite offers is the “Pick your own offer” – it is a selection of 5 fruits of veggies to redeem for extra cents cash back. Once your account balance is over $20, they will mail you a check.
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.
Situated in the heart of the Pacific Northwest, Spokane offers a special blend of urban excitement and natural beauty. Living in Spokane means enjoying the vibrant arts scene, exploring the stunning Riverfront Park, and taking advantage of the nearby outdoor adventures like hiking and skiing. The city is known for its friendly neighborhoods and a strong sense of community, making it a welcoming place for newcomers. So, if you’ve been asking yourself, “Should I move to Spokane, WA?” you’re in the right place. In this article, we’ll explore the pros and cons of life in Spokane to help you decide if it’s the perfect spot for your next adventure. Let’s go.
Spokane at a Glance
Walk Score: 49 | Bike Score: 52 | Transit Score: 36
Median Sale Price: $372,000 | Average Rent for 1-Bedroom Apartment: $1,380
Spokane neighborhoods | Houses for rent in Spokane | Apartments for rent in Spokane | Homes for sale in Spokane
Pro: Access to outdoor recreation
Spokane, offers unparalleled access to outdoor recreation. The city is surrounded by numerous parks, rivers, and mountains, making it a haven for nature enthusiasts. Riverside State Park, just a short drive from downtown, provides opportunities for hiking, biking, and kayaking. Additionally, Mount Spokane offers excellent skiing and snowboarding options during the winter months, making it a year-round destination for outdoor activities.
Con: Limited public transportation
With a Transit Score of 36, one of the downsides of living in Spokane is the limited public transportation options. The city’s bus system, while functional, does not cover all areas comprehensively, making it challenging for residents without a car to navigate the city efficiently. This can be particularly inconvenient for those who rely on public transit for their daily commute or errands.
Pro: Relatively affordable cost of living
Spokane boasts a relatively affordable cost of living compared to other cities in the Pacific Northwest like Seattle. Additionally, average housing prices are more reasonable, sitting at about $60,000 less than the national average. Finally, everyday expenses such as groceries and utilities are generally lower in this city. This affordability makes Spokane an attractive option for anyone looking to stretch their dollars further.
Con: Harsh winter weather
Spokane experiences harsh winter weather, which can be a significant drawback for some residents. The city often sees heavy snowfall and freezing temperatures, making travel and outdoor activities challenging during the winter months. Residents need to be prepared for snow removal and the potential for icy roads, which can be a hassle for those unaccustomed to such conditions.
Pro: Thriving arts and culture scene
Spokane has a thriving arts and culture scene that sets it apart from other cities. The city is home to the Spokane Symphony, numerous art galleries, and the historic Fox Theater, which hosts a variety of performances and events. Additionally, the annual Spokane International Film Festival attracts filmmakers and movie enthusiasts from around the world, adding to the city’s cultural richness.
Con: Air quality issues
Spokane occasionally faces air quality issues, particularly during wildfire season. Smoke from nearby wildfires can drift into the city, leading to poor air quality and health concerns for locals. This can be especially problematic for individuals with respiratory conditions, who may need to take extra precautions during these periods.
Spokane is known for its strong sense of community and friendly residents. The city hosts numerous community events, such as the annual Bloomsday Run and Hoopfest, which bring people together and foster a sense of belonging. This tight-knit community atmosphere makes it easy for newcomers to feel welcome and quickly integrate into local life.
Con: Limited nightlife options
For those who enjoy a bustling nightlife, Spokane may feel somewhat limited. While the city has a selection of bars, restaurants, and entertainment venues, it lacks the variety and late-night options found in larger metropolitan areas. Residents seeking a more dynamic nightlife scene may need to travel to nearby cities like Seattle or Portland for a broader range of activities.
Pro: Excellent educational institutions
Spokane is home to several excellent educational institutions, including Gonzaga University and Whitworth University. These schools offer a range of undergraduate and graduate programs, attracting people from across the country. The presence of these institutions also contributes to the city’s dynamic academic and cultural environment.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
With its picturesque waterfront, diverse cultural scene, and close proximity to New York City, New Rochelle offers a unique blend of urban convenience and suburban tranquility. Residents here enjoy a rich tapestry of dining options, recreational activities, and a strong sense of community. So whether you’re searching for the perfect apartment in the heart of New Rochelle or a cozy rental home in a quiet suburb, you’ve come to the right place.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to New Rochelle, NY. Let’s get started and see what awaits in this vibrant and welcoming city.
Pros of living in New Rochelle, NY
1. Proximity to New York City
New Rochelle offers the perfect balance of suburban living with easy access to the bustling highlights of New York City. It’s an easy train trip from New Rochelle to Grand Central Station on Metro North. Residents can enjoy the tranquility of suburban life while being just a short train ride away from the endless opportunities for entertainment, dining, and cultural experiences that the city has to offer. This proximity allows for a diverse range of experiences, from enjoying the peaceful parks and waterfront in New Rochelle to exploring the vibrant energy of the Big Apple.
2. Waterfront Living
New Rochelle boasts a beautiful waterfront location along the Long Island Sound, providing residents with stunning views and access to recreational activities such as boating, fishing, and waterfront dining. The city’s waterfront parks and promenades such as the Hudson River Park offer a serene escape from the urban hustle and bustle, making it an ideal location for those who appreciate the beauty of coastal living.
3. Diverse Dining Scene
New Rochelle is home to a diverse and vibrant dining scene, offering a wide array of culinary experiences to suit every palate. From cozy family-owned Italian trattorias to trendy farm-to-table eateries like Town House, the city’s dining options cater to a variety of tastes and preferences. Residents can indulge in international cuisines, fresh seafood, and innovative fusion dishes without ever having to leave the city.
4. Strong Community Spirit
New Rochelle prides itself on its strong sense of community, with residents actively participating in local events, festivals, and community initiatives. The city’s close-knit neighborhoods foster a welcoming and inclusive atmosphere, where neighbors come together to support local businesses, celebrate cultural diversity, and create a sense of belonging for all residents.
5. Access to Higher Education
New Rochelle is home to several prestigious institutions of higher education, including Iona College and The College of New Rochelle. This provides residents with access to educational and cultural resources, as well as opportunities for lifelong learning and personal growth within their own community.
6. Cultural Diversity
New Rochelle embraces a rich tapestry of cultural diversity, with a vibrant mix of ethnicities, traditions, and languages contributing to the city’s dynamic social fabric. This diversity is reflected in the city’s arts, music, and cultural events, creating a unique and inclusive environment for residents to explore and celebrate different cultural perspectives.
7. Proximity to Nature
Despite its urban proximity, New Rochelle offers easy access to natural landscapes and outdoor recreational opportunities. Residents can explore the city’s numerous parks, nature reserves, and hiking trails, providing a welcome escape into nature without having to travel far from home.
Cons of living in New Rochelle, NY
1. High Cost of Living
New Rochelle’s proximity to New York City comes with a higher cost of living, including housing, transportation, and everyday expenses. The average rent for a 2 bedroom apartment in New Rochelle is $4,262. This is far above the national average but is lower than nearby areas like Manhattan, Brooklyn, Hoboken, and Jersey City. While the city offers a range of amenities and conveniences, residents should be prepared for the financial implications of living in a desirable suburban location near a major metropolitan area.
2. Limited Public Transportation Options
Despite its proximity to New York City, New Rochelle has limited public transportation options within the city itself. While the Metro-North Railroad provides access to the city and other destinations, residents may find themselves reliant on personal vehicles for local commuting and transportation needs.
3. Limited Nightlife Options
While New Rochelle offers a diverse dining scene, the city has limited nightlife options compared to larger urban centers. Residents seeking a vibrant nightlife scene may find themselves traveling to nearby cities for late-night entertainment and social activities.
4. Limited Job Opportunities
Despite its proximity to New York City, New Rochelle may have limited job opportunities within the city itself, leading some residents to commute to neighboring areas for employment. While the city offers a range of professional services and businesses, residents may need to consider commuting options for career advancement and employment prospects.
5. Seasonal Weather Challenges
New Rochelle experiences seasonal weather challenges, including cold winters and hot summers, which may require residents to adapt to varying climate conditions throughout the year. While the city’s waterfront location offers scenic views and recreational opportunities, residents should be prepared for the impact of seasonal weather patterns on their daily activities and lifestyle.
6. Traffic Congestion
New Rochelle experiences traffic congestion, particularly during peak commuting hours, which can impact residents’ daily routines and travel times. The city’s proximity to major highways and thoroughfares can lead to increased traffic volume, requiring residents to plan their travel routes and schedules accordingly.
7. Limited Retail Options
While New Rochelle offers a variety of dining and entertainment options, the city may have limited retail options compared to larger shopping destinations. Residents seeking extensive retail and shopping experiences may need to explore neighboring areas for a wider range of shopping opportunities.