Housing costs in New York?
A typical home costs
$780,100, which is 130.7% more expensive than the national average of
$338,100 and 88.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,480 per month, which is 26.5% more than the national average of
$1,960 and 12.5% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11205), New York, a minimum annual income of
$149,400 for a family, and
$88,000 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11205 New York, NY is quite high. The median home value in the area is $1,279,000, which is more than double the national median of $217,600. Additionally, grocery prices are higher than the national average and renters can expect to pay a premium for rent in the area. Utilities are also expensive and transportation costs can add up quickly due to the popularity of public transit in New York City. All together these expenses make it difficult for many people to afford to live in this desirable zip code.