Housing costs in Brooklyn?
A typical home costs
$884,000, which is 161.5% more expensive than the national average of
$338,100 and 113.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Brooklyn costs
$2,520 per month, which is 76.2% more than the national average of
$1,430 and 22.2% more than the state average of
$1,960.
Can I afford Brooklyn?
To live comfortably in Brooklyn, New York, a minimum annual income of
$169,560 for a family, and
$89,200 for a single person is recommended.
What does A.I. say about Brooklyn?
Brooklyn is known as one of the most expensive places to live in New York City. The cost of living is 25% higher than the national average due to its high median rents and home prices. Housing costs alone make up 47% of a Brooklyn resident's expenses. In addition, monthly bills such as groceries, transportation and utilities are also more expensive than the national average.