Housing costs in New York?
A typical home costs
$459,700, which is 36.0% more expensive than the national average of
$338,100 and 11.1% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in New York costs
$2,500 per month, which is 27.6% more than the national average of
$1,960 and 13.2% more than the state average of
$2,170.
Can I afford New York?
To live comfortably in New York (zip 11435), New York, a minimum annual income of
$88,200 for a family, and
$88,400 for a single person is recommended.
What does A.I. say about New York?
The cost of living in 11435 New York, NY is quite high compared to other neighborhoods in the city. The median home value is around $746,000 which is nearly double the median price of homes in NYC as a whole. Additionally, the median rent for a one-bedroom apartment in this area is around $1,750 per month, which is significantly more expensive than other parts of the city. Utilities and groceries are also more expensive than some other areas of NYC due to its location and proximity to Manhattan. All these factors make it difficult for those on lower incomes or with limited budgets to afford to live in this neighborhood.