The Financial District maintains
New York City's supremacy in the world of big money and big business. The iconic Wall Street alone features all the major financial players, from the New York Stock Exchange to the Federal Reserve. Naturally, many of the world's biggest banks have spaces here, too, ensuring the world economy stays afloat. The entire neighborhood hustles and bustles, with suits making deals left and right, journalists waiting for the biggest scoops, and even hot dog vendors churning out weenies to people on the go. Get to know more about the world-famous Financial District and see why it's one of the most exciting parts of the Big Apple.
Where is the Financial District in New York City?
The Financial District lies at the southernmost tip of Manhattan Island. Despite its location right at the edge of the borough, the district is still not too far from other notable
New York neighborhoods. Tribeca and Chinatown alone are already directly north of the area, and Brooklyn is not too far since the iconic Brooklyn Bridge is practically part of the district itself. Many prominent spots also surround the Financial District, with Chambers Street to its north, the East River to its east, the New York Harbor to its south, and the Hudson River to its west.
Is it Safe in the Financial District, New York City?
While Downtown New York usually refers to the Financial District, it's not as dangerous as other major cities' downtown areas. The neighborhood is generally considered safe, even with its infamous for how busy and crowded it tends to get. Even with
New York City's crime rates usually skewing moderate to high, the Financial District still stands out as among the most secure parts of the city. Don't forget that this is where major financial institutions are located, which means security is also tighter here compared to other neighborhoods, possibly even the more affluent ones.
What's The Vibe in the Financial District, New York City?
Commerce reigns supreme in New York City's Financial District, making it the ultimate corporate scene. With massive corporations and major financial institutions throughout the area, the bustling energy is always at an all-time high. Suits run about, sealing deals left and right. Tourists also explore the city, marveling at all the historic architecture that makes up the entire area. With all this and more, it's easy to get overwhelmed with the Financial District, even for those who work here. So if you're
moving to New York City and planning to settle down here, you're gonna need a lot of gumption.
Is it Expensive in the Financial District, New York City?
Without a shadow of a doubt! New York City's Financial District is the world's biggest business hub, after all, filled with major financial institutions that define the world's economy and beyond. It's no surprise that things are expensive here, usually higher than most of
New York City's living costs. The area's average rent alone is already about $5,000.00 per month, much higher than the $2,000.00 to $3,000.00 per month in other neighborhoods. Moreover, dining in an “inexpensive” restaurant here will already cut you back about $25.00 per meal, whereas it's as low as $10.00 to $15.00 in other districts.
What to See in the Financial District, New York City
A city's major business hub usually doesn't have that many notable sights to see, but New York City's Financial District is a different story. Wall Street alone is already iconic, both for its role in the global economy and its treasure trove of well-known landmarks. There's the New York Stock Exchange and the Federal Hall National Memorial, for example, which are glorious examples of American neoclassical architecture. The famous Charging Bull statue is a must-see, too, and perfect for taking selfies. And situated not too far away is the 9/11 Memorial & Museum, a solemn but haunting reminder of one of humanity's most infamous tragedies.
What to Do in the Financial District, New York City
If you work in New York City's corporate side, you'll likely be running about the Financial District doing errands, meeting with clients, and sealing deals left and right. The only time you could catch your breath is if you can spare a minute or two at a coffee shop nearby. As for other New Yorkers and tourists, seeing all those man-made architectural marvels is the highlight of the neighborhood. They stand as glorious reminders that New York is the biggest city in the world, or rather, the most impactful.
The Best Restaurants in the Financial District, New York City
Upscale hotspots and some of
New York City's best Michelin-starred restaurants define the Financial District's foodie scene. Let's not forget that this is the city's major business hub, which means the places to eat here have to be the cream of the crop. This is where businessmen will take their clients out for business lunches, meet with colleagues, and seal the deal over champagne and cocktails. Places like Da Claudio on Ann Street, Manhatta on Liberty Street, and Eataly on Liberty Street are all culinary gems, not to mention some of the most iconic eateries in New York City.
The Financial District’s foodie scene is defined by these amazing eateries:
- Da Claudio on Ann Street
- Temple Court on Beekman Street
- Hole in The Wall on Cliff Street
- Felice 15 Gold on Gold Street
- Harry's on Hanover Square
- Palm Street on John Street
- Eataly on Liberty Street
- Manhatta on Liberty Street
- Mezcali on Maiden Lane
- Crown Shy on Pine Street
What to Know About Renting in the Financial District, New York City
As already mentioned, rent is usually sky high in the Financial District.
Renting a luxury apartment in New York City is always an expensive endeavor, but it's especially pricey in this major business hub. The average rent here ranges from $3,295.00 to $8,865.00 per month, with the average median usually around $5,025.00 per month. Nevertheless, that doesn't even guarantee you'll get a big place. $5,025.00 per month usually only gets you a one-bedroom rental, while higher prices commonly apply to only two to three-bedroom properties. That's how expensive it is to live in the Financial District.
New York City’s reign as the world’s ultimate financial hub is thanks to its ever-bustling Financial District. It’s the ultimate corporate scene, filled with big money and big business that affects the entire planet.
