New York City has it all, from iconic landmarks to industry powerhouses to every type of cuisine you can imagine. Here, staples of the American image are everywhere: the Statue of Liberty, Times Square, Broadway, Central Park, an unparalleled skyline, and dynamic neighborhoods teeming with diverse cultures and activities.

All the perks of living in the Greatest City in the World come with a price tag to match. The cost of living in New York City is the second highest in the nation. Those living in New York City tend to earn higher salaries, in addition to having a walkable lifestyle with quick access to the subway (and less of the fees and maintenance associated with car ownership). There are other ways to curb living expenses, such as looking in more affordable neighborhoods or renting with a roommate.

If you find an apartment you like in New York City, you’ll want to act fast. The vacancy rate is only around 2.