Housing costs in New York?
A typical home costs
$541,700, which is 60.2% more expensive than the national average of
$338,100 and 31.0% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,410 per month, which is 23.0% more than the national average of
$1,960 and 10.0% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11207), New York, a minimum annual income of
$103,680 for a family, and
$85,600 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11207 New York, NY is quite high. According to BestPlaces, the cost of living in this zip code is around 67% more expensive than the national average. Goods and services like groceries, transportation, and healthcare are all more costly here. Rent tends to be especially expensive with one-bedroom apartments averaging around $2,300/month. Despite the higher costs of living, many people find it worth it to live in such a vibrant and diverse city.