Housing costs in New York?
A typical home costs
$1,238,700, which is 266.4% more expensive than the national average of
$338,100 and 199.5% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,580 per month, which is 31.6% more than the national average of
$1,960 and 15.9% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11216), New York, a minimum annual income of
$237,240 for a family, and
$91,200 for a single person is recommended.
What does A.I. say about New York?
11216 New York, NY is a highly desirable area due to its close proximity to Manhattan and the wide array of entertainment and dining options available. As a result, the cost of living in 11216 is relatively high compared to other areas in the United States. The average rent for an apartment in 11216 is approximately $2,859 per month. Additionally, groceries tend to be more expensive than other areas as well due to higher demand. Nonetheless, with so much to do nearby and all the amenities one could need within easy reach, it can be worth it for many people who choose to live here.