New York-Newark-Jersey City New Y Metro Area, New York gets a BestPlaces Cost of Living index of 150.4, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 50.4 percent higher than the U.S. average and 23.8 percent lower than the average for New York.
A typical home costs $636,200, which is 88.2 percent more expensive than the national average of $338,100 and 53.8 percent 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 percent more than the national average of $1,430 and 9.7 percent more than the state average of $1,960.
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.
Our cost of living indices are based on a US average of 100. An amount below 100 means New York-Newark-Jersey City Metro Area is cheaper than the US average. A cost of living index above 100 means New York-Newark-Jersey City Metro Area, New York is more expensive.
New York-Newark-Jersey City Metro Area cost of living is 150.4