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Try Newport or Grove St, you will save on rent and 4% manhattan tax
Hoboken and Jersey City are both still pretty expensive. They're a bit cheaper than Manhattan, but not as much as you'd think. Mainly you just get a bit more space. In regards to commute, it really depends where your work is. The path makes it real easy to get into the city, but it just goes to the west side. Getting to downtown or midtown west isn't an issue. If you've got to go to East Village everyday then that could be a long commute.
Depends, if you are single then may be, since its easier get laid or date. Newport is better for working couples to relax after work walk by the river etc
Yeah my next question was whether you think it's wise to not pay the NYC income tax
I'm not sure if it's a resident tax or a tax on income earned within the city. If the tax is on income earned within the city then you have to pay regardless of where you live. It might be a resident tax though.
Its resident tax