Housing costs in New York?
A typical home costs
$318,300, which is 5.9% less expensive than the national average of
$338,100 and 23.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,710 per month, which is 38.3% more than the national average of
$1,960 and 19.9% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11415), New York, a minimum annual income of
$60,840 for a family, and
$96,000 for a single person is recommended.
What does A.I. say about New York?
11415 New York, NY is an expensive area to live in. The cost of living is high due to the fact that it is located in one of the busiest and most densely populated cities in the country. Renters can expect to pay well over $2,000 a month for an average one-bedroom apartment; basic utilities such as heat, electricity and water can cost over $300 a month depending on usage. Groceries are higher than the national average due to shipping costs associated with imported items; transportation costs are also high due to limited public transportation options and increased fuel prices. In general, the cost of living is significantly higher than other parts of the country but provides access to some of the best restaurants, shopping and entertainment in the world.