Housing costs in New York?
A typical home costs
$850,200, which is 151.5% more expensive than the national average of
$338,100 and 105.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,690 per month, which is 37.2% more than the national average of
$1,960 and 19.3% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11218), New York, a minimum annual income of
$163,080 for a family, and
$95,200 for a single person is recommended.
What does A.I. say about New York?
11218 New York is an expensive place to live. The cost of living in 11218 is among the highest in the country, with housing costs far surpassing the national average. Rent prices are especially high, often requiring a large portion of household income to cover monthly rent payments. Additionally, food costs, transportation expenses, and other day-to-day necessities tend to be more expensive than what can typically be found elsewhere. Despite these extra expenses, many people choose to live in this area due to its convenient access to New York City and all it offers.