Housing costs in New York?
A typical home costs
$1,225,000, which is 262.3% more expensive than the national average of
$338,100 and 196.2% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$3,170 per month, which is 61.7% more than the national average of
$1,960 and 31.5% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 10020), New York, a minimum annual income of
$234,720 for a family, and
$112,400 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 10020 New York, NY is quite high. It is estimated to be more than 40% higher than the national average. Rent prices are especially high, with median rental costs ranging from $2,000 to $5,000 per month depending on the size and location of the apartment. Groceries and other household items also tend to be more expensive here than in other parts of the country. Despite the high cost of living, however, many people choose to live in this zip code for its vibrant culture and access to world-renowned attractions.