Housing costs in New York?
A typical home costs
$588,800, which is 74.1% more expensive than the national average of
$338,100 and 42.4% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$3,320 per month, which is 69.4% more than the national average of
$1,960 and 34.6% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11360), New York, a minimum annual income of
$112,680 for a family, and
$117,600 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11360 New York, NY is quite high compared to the national average. Housing costs are especially expensive, with median rents hovering around $2,100 per month and median home values at approximately $720,000. The cost of groceries and other goods is also higher than other areas of the country, with a local cost of living index coming in at 134% of the national average. While salaries tend to be higher in this area due to the high cost of living, it still takes diligent budgeting for residents to survive financially.