Housing costs in New York-Newark-Jersey City?
A typical home costs
$636,200, which is 88.2% more expensive than the national average of
$338,100 and 53.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York-Newark-Jersey City costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and 9.7% more than the state average of
$1,960.
Can I afford New York-Newark-Jersey City?
To live comfortably in New York-Newark-Jersey City New Y Metro Area, New York, a minimum annual income of
$122,040 for a family, and
$74,400 for a single person is recommended.
What does A.I. say about New York-Newark-Jersey City?
The cost of living in the New York-Newark-Jersey City, NY Metro Area is significantly higher than the US average. It is estimated to be 150.4 compared to the US average cost of living index of 100. This means that prices for goods and services in this area are 50% higher than the rest of the country. Furthermore, this metro area also has a significantly higher median house value at $636,200, which is almost double the US average of $338,100. As such, people looking to live in this area should be prepared to face a much more expensive lifestyle than other parts of the US.