Housing costs in New York?
A typical home costs
$413,600, which is 22.3% more expensive than the national average of
$338,100 and 0.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$1,960 per month, which is 37.1% more than the national average of
$1,430 and close to the state average of
$1,960.
Can I afford New York?
To live comfortably in New York, a minimum annual income of
$79,200 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about New York?
The cost of living in New York State is generally higher than the national average. The state has one of the highest housing costs in the country, with rent prices often double what you would expect to pay in other states. Other expenses such as utilities, groceries, and transportation can also be more expensive than other parts of the U.S., although there are variations depending on where you live. However, there are many wonderful opportunities to make a living and experience culture in New York State that can offset some of these expenses.