New York City is one of the most expensive cities in the United States to live in, and this is true for both housing and groceries. The average two-bedroom rent in NYC is $2,470 per month compared to the national average of $1,430 per month. Similarly, the Grocery Cost Index in NYC is 114 compared to the US index of 100. Living here can be quite costly, but it also offers a variety of job opportunities from large companies such as Google, Microsoft, and Apple who have headquarters in New York City. It's also home to many start-ups like Casper, WeWork, Warby Parker and more. Despite its high costs of living, people often flock to New York City for its culture, nightlife and exciting job prospects.
New York (zip 10470) has an unemployment rate of 11.2%. The US average is 6.0%.
New York (zip 10470) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for New York (zip 10470)
- The Sales Tax Rate for New York (zip 10470) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York (zip 10470) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New York (zip 10470)
- The average income of a New York (zip 10470) resident is $28,926 a year. The US average is $28,555 a year.
- The Median household income of a New York (zip 10470) resident is $70,107 a year. The US average is $69,021 a year.