Moving from one city to another is quite normal. One reason may be that you want a different feel for things like weather, lifestyle, food scene, and much more. Another may be that you have secured a new job opportunity in another city and, therefore, have to move if you accept the job offer. The reasons are always valid for each person.
Major Reasons Why Individuals Relocate from Toronto to New York City
Let us take a look at some of the significant reasons why people might want to move to NYC, as we also share examples of those who have made the move and why they did so:
1. Pursuit for Career Progression and Job Opportunities
While Toronto has a thriving IT sector, its economic activities are far from that of New York. New York is home to renowned businesses and companies like America Express, Deloitte, and Citigroup. The financial industry and retail market in NYC are booming, and there are various job opportunities. Additionally, New York is third among the largest economies in the U.S.
2. Access to a Variety of Restaurants and a Vibrant Entertainment Industry
While Toronto is known for high-quality food, New York offers an array of world-class dining options. The city has amazing restaurants everywhere, with examples of Michelin-starred restaurants like Eleven Madison Park and Jean-Georges, among others. The entertainment industry in NYC offers endless opportunities to have fun.
The city has theaters nearby, from the New York Theater Workshop to Laura Pels Theater and Manhattan Theater Club. Moreover, there are more shopping places for trendy things compared to Toronto. The city has a fast-paced lifestyle that accommodates all types of people, mostly those who like a busy life and a vibrant nightlife.
3. A More Extensive Public Transport System
Living in New York does not require a personal car because the public transportation system makes life easier. The Metropolitan Transportation Authority has made public transportation easily accessible in the city. Subways run 24/7, a fleet of over 6,000 buses runs on a grid, and taxis make navigating the city effortless. The city also has a ferry system in place, which makes getting around affordable and easy.
4. Access to Nature and Various Attractions
There is easy access to popular museums and parks like Central Park, which is ideal for a nature walk and relaxing. With examples of the attractions, including the Empire State Building, Ellis Island, and The Brooklyn Bridge, there is so much to see. Not to mention, there are beaches like Rockaway Beach, where anyone looking to unwind and have a good time soaking in the warm blue waters can have a good time.
Other Common Reasons Why People Relocate to New York
- NYC has a bearable winter season, with temperatures mostly at 6 degrees Celsius.
- NYC is close to major international airports.
- The city is known for its innovation and energy.
- While New York is an expensive city, it has a stable and robust housing market, unlike Toronto, where life is costly and stable housing is grappling with affordability.
- According to Anna Haines who once lived in New York, the city has affordable TV streaming services, a wide selection in grocery stores, cheaper cell phone service, and 24/7 services.
A Guide for Moving to New York From Toronto
If you are a Canadian relocating to New York City, it is essential to understand the city’s culture, cost of living, weather, lifestyle, and much more. Below is a guide to help make your transition seamless:
- Visa and Immigration: You will need a proper visa to live or work in the United States. Therefore, do research and seek guidance from an immigration lawyer.
- Tax Structure: The tax systems in NYC and Toronto are different. While Toronto has a straightforward Federal system, NYC has a unique and complex tax structure.
- Cost of Living in New York: Plan your finances well, keeping in mind that life in Toronto is expensive, but it is more expensive in NYC. Plan for house rent, food, utilities, transportation costs, and the like.
- The Healthcare System: NYC does not have a universal healthcare system like Toronto. Thus, you will have to plan for private insurance coverage, which is typically costly.
Moving to New York may be exciting, but it will also have downsides. So, no matter your reasons, it's essential to factor in the pros and cons before moving and see what works for you and what doesn’t. That way, you will make an informed decision.