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The settlement was named New Amsterdam (Dutch: Nieuw Amsterdam) in 1626 and was chartered as a city in 1653. The city came under British control in 1664 and was renamed New York after King Charles II granted the lands to his brother, the Duke of York.
Finance, health care and life sciences, high technology and biotechnology, real estate, and insurance all form the basis of New York City's economy. The city is also the nation's most important center for mass media, journalism, and publishing.
What is the cost of living in NYC? The cost of living in New York City varies depending on factors like housing, transportation, and lifestyle. On average, you'll need an annual salary of $75,000 to $100,000 to live comfortably in NYC.
New York, sometimes called New York State, is a state in the Northeastern United States.