Housing costs in New York?
A typical home costs
$677,200, which is 100.3% more expensive than the national average of
$338,100 and 63.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,600 per month, which is 81.8% more than the national average of
$1,430 and 24.6% more than the state average of
$1,960.
Can I afford New York?
To live comfortably in New York, New York, a minimum annual income of
$129,600 for a family, and
$92,000 for a single person is recommended.
What does A.I. say about New York?
The cost of living in New York, NY is significantly higher than the national average. According to research, the cost of living in New York, NY is 168.6 whereas the US average Cost of Living is 100. This means that everyday costs such as groceries, rent, and utilities are much more expensive than elsewhere in America. In addition to this, the median value of a house in New York is $677200 which is almost double the US average of $338100. Therefore it's clear that living in one of America's most populous cities comes with a hefty price tag.