Housing costs in Inwood?
A typical home costs
$631,500, which is 86.8% more expensive than the national average of
$338,100 and 52.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Inwood costs
$1,990 per month, which is 39.2% more than the national average of
$1,430 and close to the state average of
$1,960.
Can I afford Inwood?
To live comfortably in Inwood, New York, a minimum annual income of
$120,960 for a family, and
$66,000 for a single person is recommended.
What does A.I. say about Inwood?
Inwood is a highly affordable neighborhood in New York City, with an average cost of living that is notably lower than the city’s overall average. Rent and housing costs tend to be very reasonable, allowing those on a tight budget to live comfortably within their means. Groceries and other everyday necessities are also relatively inexpensive compared to other areas of the city. Transportation costs are also quite low, with many residents relying on buses and metro cards to get around. However, some costs such as utility bills can be more expensive than in some other parts of New York City due to Inwood’s colder climate. All in all, Inwood is an extremely affordable place to live for those looking for an urban lifestyle at an economical price tag.