Housing costs in New York?
A typical home costs
$575,300, which is 70.2% more expensive than the national average of
$338,100 and 39.1% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,470 per month, which is 26.0% more than the national average of
$1,960 and 12.1% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11004), New York, a minimum annual income of
$110,160 for a family, and
$87,600 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11004 New York, NY is quite high. It has an incredibly high median home value of $1,738,400 and the median rent is also steep at $4,108 per month. The overall cost of living is about 40% higher than the national average, with goods and services costing nearly 10% more than the national average as well. It is no surprise that many residents struggle to make ends meet in this expensive area of New York City. However, there are a few bright spots for those who can afford it; some transportation costs are lower than the national average and housing costs have seen a slight decrease in recent years.