{"id":8677,"date":"2022-09-08T16:39:41","date_gmt":"2022-09-08T20:39:41","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=8677"},"modified":"2022-09-13T11:31:06","modified_gmt":"2022-09-13T15:31:06","slug":"best-commuter-towns-to-new-york-city-for-hybrid-employees","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/best-commuter-towns-to-new-york-city-for-hybrid-employees\/","title":{"rendered":"Best Commuter Towns to New York City for Hybrid Employees"},"content":{"rendered":"

It\u2019s expensive to own property in New York City<\/a>. The average NYC homebuyer spends $900,000<\/a> on a one-bedroom home, and in Manhattan, the average homebuyer pays $1,795,000 on a two-bedroom home. Due to the high cost of living and limited space, people who wish to own may find buying in suburbs or towns outside the city more attainable. However, someone who wants to work in New York City but lives elsewhere must consider that commuting to NYC<\/a> for work can be time-consuming and energy-draining.<\/p>\n

Since COVID-19, more and more companies adopt a hybrid work model, where employees spend some days in the office and their remaining days working from home. While some jobs still require employees to come into the office daily, many employees now follow a set work-from-home schedule or decide when to come in at their leisure. Those who do not commute to work daily may justify purchasing a property further away. According to U.S. Census<\/a> data, many towns offer lower-priced homes that become more affordable for someone making the median New York City salary of $67,046.<\/p>\n

Whether homebuyers are looking to live in a city atmosphere or move to the New York City suburbs, this list features various options best suited for a wide range of individuals and families.<\/p>\n

Why would a homeowner decide to live outside of NYC?<\/h2>\n

Financial savings may convince a homebuyer to consider moving to a suburb outside of the city and commuting to work. It takes over 12 years<\/a> for most NYC residents to save up for a 20% down payment on an any-sized home in the city. An employee who makes the city\u2019s median salary can save $13,409.20 per year, taking them 26.77 years to save for a 20% down payment on a two-bedroom home in Manhattan that costs a median of $1,795,000. 27 years is a considerable amount of time, further solidifying why a homebuyer may decide to purchase a home outside the city.<\/p>\n

The following list evaluates ten towns within commuting distance to New York City and ranks them based on their ease of travel and housing affordability. When determining how easy it is to commute, the list considers both the range of time it takes to drive and the estimated time and number of transfers it takes to use public transportation to get into Midtown Manhattan<\/a>. Affordability considers how long it would take a person with a New York City job and a median income of $67,046 per year to save for a 20% down payment on a median-priced two-bedroom house in that location. This list factors for two-bedroom housing as it assumes that an employee in a hybrid position will want to use an additional bedroom as a home office.<\/p>\n

<\/main><\/p>\n

Best commuter towns for those looking to purchase property quickly<\/h2>\n

Potential homebuyers who only commute into New York City once or twice a week may not mind a longer commute time in return for a cheaper mortgage. While homebuyers may spend more money on transportation costs like subway fares, gas, etc., they will likely save more than that cost on their housing expenses. The following list contains five cities where homebuyers can save for a 20% down payment in less than seven years, ordered by the longest to the shortest amount of time.<\/p>\n

Fort Lee, NJ<\/a><\/h3>\n

Commute time to Midtown Manhattan:<\/b><\/p>\n