Housing costs in New York?
A typical home costs
$1,038,800, which is 207.2% more expensive than the national average of
$338,100 and 151.2% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,400 per month, which is 22.4% more than the national average of
$1,960 and 9.6% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11225), New York, a minimum annual income of
$199,080 for a family, and
$84,800 for a single person is recommended.
What does A.I. say about New York?
11225 New York, NY is an expensive place to live due to its high rental and real estate prices. The median rent for a one-bedroom apartment in this zip code is approximately $2,000 per month. Furthermore, the median home value for 11225 is nearly $800,000. While there are some areas of this zip code where the cost of living may be slightly lower than these averages, overall 11225 remains significantly more expensive than many other parts of the country. Consequently, those looking to move to 11225 should make sure they have sufficient funds to cover their accommodation costs.