Cost-Effective Ways to Find Holiday Fun in NYC

December 2, 2024

When you think of iconic winter celebrations, it’s hard not to think of New York City. Classic movies conjure decorated department stores, bombastic Broadway shows, and fluffy snow sifting between the skyscrapers. If you live near the city, you might have fond memories of seeing the Rockettes or attending the Christmas tree lighting at Rockefeller Center. Visiting New York City is a popular holiday tradition for many families. While costs can add up quickly, there's still an opportunity to create memories with your friends and family without breaking the bank.

According to our Holiday Spending Index, an average American family can expect to spend an additional $2,749.72 on holiday expenses between Thanksgiving and New Year’s Eve. The index found that an average family of 4 will spend approximately $415.27 on holiday-themed entertainment, including activities such as light shows, ice skating, and festive outings. By planning ahead, you can save money without sacrificing precious memories.

These are some of our favorite free and low-cost events to get you started:

• Bryant Park’s Winter Village - Every winter, Bryant Park transforms into a must-see holiday market with an ice-skating rink in the center. This free-to-enter attraction is conveniently located in the heart of Manhattan. You can walk through the stalls, which sell holiday goodies and crafts, at no cost, soaking up the festive atmosphere. The ice rink is free to enter; you can bring your own skates or rent ¹ them for as low as $15 on off days. Because of the size, variety, and location of the Winter Village, it makes a great afternoon activity for groups with lower budgets.
• Dyker Heights neighborhood lights - Many NYC streets transform during the holidays, as residents decorate with festive lights. You can wander around many beautiful neighborhoods for free, but one of the most acclaimed is Dyker Heights in Brooklyn. You can spend an evening touring the streets, or sign up for an official tour. If you want an affordable pastry or hot cocoa to keep you warm as you walk, there are several locally owned bakeries in the neighborhood.
• Department store windows - Some of NYC’s most iconic holiday attractions are totally free, and decorated department store windows fit the bill. Stores like Macy’s, Saks Fifth Avenue, and Bergdorf Goodman arrange elaborate, wintery tableaus complete with original sculptures, art, and mechanics each year.
• Rockefeller Center Christmas Tree - If you have an image of holiday lights, it probably includes this famous Christmas tree. You can attend the official lighting ceremony, held annually on the Wednesday after Thanksgiving, for free. You can also sign up for free, family-friendly holiday events in Rockefeller Center during the day leading up to the lighting. The tree remains lit, shining brightly as a symbol of holiday cheer, through mid-January.

One of the most rewarding things to do in the city, in or out of the holiday season, is to walk around New York’s many free parks and famous landmarks. Take a winter stroll through Central Park, where the landscape can transform into a snowy wonderland. You can also look for smaller-scale holiday events, which may be harder to find but much cheaper than touristy favorites.

New York City offers a wealth of low-cost ways to celebrate the holidays, from strolling through holiday markets to enjoying local concerts and light displays. By planning ahead and making thoughtful choices, you can fully enjoy the season without financial stress. Remember, the holidays are about making memories, and you won’t remember the budgeting - only the fun. Just bundle up, grab a hot drink, and enjoy the festive spirit with the people you love.

This information is for informational purposes only, is intended to provide general guidance, and does not constitute legal, tax, or financial advice. Each person's circumstances differ and may not apply to the specific information provided. You should seek the advice of a financial professional, tax consultant, and legal counsel to discuss your particular needs before making any financial or other commitments regarding the matters related to your condition.

¹ Retrieved from: https://www.nycovparks.org/facilities/iceskating/3