Forget London, forget Tokyo and forget Paris; if you're looking to live in a city with more clout, more chutzpah and more pizza than any other city in the world, New York City is the place for you. The Big Apple was recently ranked by Bloomberg as the No. 1 global business center in the world. But success has its price.
New York beat out 65 other major world cities to claim the top spot on this year's list, but this isn't a first-time feat. New York has consistently ranked the most influential city in the world in years past, according to Bloomberg. While some cynics might suggest the city gets a boost in this particular ranking because the news source's founder is current mayor Michael Bloomberg, a number of other magazines and newspapers, including The Economist and Euromoney, have recognized the city's broad power. Even the Bloomberg study received assistance from Chicago-based A.T. Kearney.
If you're considering packing
up and moving to New York, what are some of the things you'll find that make it such a world leader?
For one thing, the city is home to a lot of lawyers. One of the ways A.T. Kearney determines a city's influence is by counting all the lawyers, advertising agencies, accountants and other business-service firms. The agency also took stock of how many international companies have offices there. For those who are looking for a city where jobs in law, politics or international finance are plentiful, New York is the place to go.
But if you're serious about moving to New York, you'd better have a sizeable moving budget
. Three of the city's five boroughs appear on a recent breakdown of the most expensive places to live in America. With a cost of living more than twice that of the rest of the country, Manhattan tops the Council for Community and Economic Research index for 2011. Nearby Brooklyn comes in second with living costs roughly 82 percent higher than the rest of the United States, and Queens takes the No. 5 position with 53 percent higher costs. A New York Daily News article citing research from 2009 stated that a person making $50,000 per year in Houston would have to make $123,322 to maintain the same standard of living in New York.