Manhattan has been known as the "concrete jungle" where all kinds of human predators compete for wealth, prestige, and an apartment on just the right block. The latter was always expensive. During the past year, reports Andy Soltis in the NEW YORK POST, it got 10.2% more expensive, according to Prudential Douglas Elliman's numbers. The median monthly rent is more than $3100 and, with a doorman, is $3500.
That means that JDs from the Class of 2013 who apply for jobs in Manhattan have to factor in how much rent will set them back. Sure, they don't have to live in Manhattan. But to do that they have to know the options. Go too far out and the commute can be too energy-consuming. And it isn't cheap. All transportation costs have shot up in the Manhattan Metro area. Some locations put their lives in danger.
Yet, Manhattan provides unique opportunity. There are tons of smart, ambitious, well-connected people newbie JDs can learn from. That can lead to acquiring the sophisticated ethos of one of the economy's winners.