The cost of studying in New York City is chiefly affected by the individual student's budget. The cost of living in New York City, in general, is higher than that of other major American Cities.

In the Columbia University Morningside Heights neighborhood there are ample banks including Chase Manhattan, Washington Mutual, Banco Popular and Citibank. Students may opt to open a new bank account or use the ATM facilities to link their banks. Most of the restaurants and businesses in the neighborhood do not accept personal checks.

Students will be advised as to where to eat, shop, etc. during orientation. There are many good (and cheap!) restaurants in the Columbia University neighborhood as well as on campus.