Manhattan, New York gets a BestPlaces Cost of Living index of 204.1, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 104.1 percent higher than the U.S. average and 68.0 percent lower than the average for New York.
A typical home costs $1,169,400, which is 245.9 percent more expensive than the national average of $338,100 and 182.7 percent 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 percent more than the national average of $1,430 and 34.4 percent more than the state average of $1,960.
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.
Our cost of living indices are based on a US average of 100. An amount below 100 means Manhattan is cheaper than the US average. A cost of living index above 100 means Manhattan, New York is more expensive.
Manhattan cost of living is 204.1