Housing costs in New York?
A typical home costs
$1,187,100, which is 251.1% more expensive than the national average of
$338,100 and 187.0% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,450 per month, which is 71.3% more than the national average of
$1,430 and 20.0% more than the state average of
$1,960.
Can I afford New York?
To live comfortably in New York New Y County, New York, a minimum annual income of
$227,520 for a family, and
$86,800 for a single person is recommended.
What does A.I. say about New York?
The cost of living in New York (Manhattan), NY County is significantly higher than the national average. According to the given data, the median house value in this county is $1.1871e+006, which is much higher than the US average house value of $338,100. Additionally, the cost of living in this county is 204.1, which is more than double the US average cost of living (100). This information makes it clear that people living in New York (Manhattan), NY County must be prepared to pay a premium for their basic necessities and amenities due to its high cost of living.