Housing costs in Manhattan?
A typical home costs
$1,169,400, which is 245.9% more expensive than the national average of
$338,100 and 182.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Manhattan costs
$2,990 per month, which is 109.1% more than the national average of
$1,430 and 34.4% more than the state average of
$1,960.
Can I afford Manhattan?
To live comfortably in Manhattan, New York, a minimum annual income of
$223,920 for a family, and
$106,000 for a single person is recommended.
What does A.I. say about Manhattan?
Manhattan has an even higher cost of living compared to other boroughs in NYC with housing taking up nearly 40% of residents' expenses each month. Beyond that, food costs are 15% higher than the U.S., transportation costs are 20% higher and healthcare costs are 5% above the national average.