Housing costs in New York?
A typical home costs
$654,500, which is 93.6% more expensive than the national average of
$338,100 and 58.2% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,250 per month, which is 14.8% more than the national average of
$1,960 and 3.6% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11423), New York, a minimum annual income of
$125,280 for a family, and
$79,600 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11423 New York, NY is quite high. According to BestPlaces, the cost of living index for this zip code is 158.2, which is considerably higher than the national average of 100. Rent for a one bedroom apartment in this area averages about $2,400 per month, and groceries tend to be priced exceptionally high. Prices for transportation and health services also tend to be above average compared to other locations in the country. Despite the higher costs, many people find that living in New York City is worth it due to its vibrant culture and numerous opportunities available.