Housing costs in New York?
A typical home costs
$394,100, which is 16.6% more expensive than the national average of
$338,100 and 4.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,170 per month, which is 10.7% more than the national average of
$1,960 and close to the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11693), New York, a minimum annual income of
$75,600 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11693 New York, NY is significantly higher than the national average. The median home cost is significantly higher than the national average at over $750,000 and most goods and services are more expensive as well. The median household income is also higher than the national average, indicating that many people residing in this area are doing very well financially. Groceries and transportation costs are generally similar to other areas in New York City. However, utility bills tend to be much higher due to NYC's high energy costs. Additionally, taxes in NYC are quite high compared to the rest of the country. All these factors combine to create a high cost of living that can be difficult for some people to afford.