Housing costs in New York?
A typical home costs
$1,272,900, which is 276.5% more expensive than the national average of
$338,100 and 207.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$3,040 per month, which is 55.1% more than the national average of
$1,960 and 28.6% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 10173), New York, a minimum annual income of
$243,720 for a family, and
$107,600 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 10173 New York, NY is significantly higher than the national average. Rent prices are particularly high, with a median one-bedroom apartment costing approximately $3,000 a month. Prices for goods and services such as groceries, entertainment and transportation are also relatively expensive. In addition to these costs, residents of New York City must pay city taxes which include an income tax and property tax. Although the cost of living is high, many people choose to live in the city due to its access to cultural attractions, world-renowned restaurants and exciting nightlife.