New York, NY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
162
New York's Overall Cost Of Living
1.6x
Higher Than The National Average
289 out of 338
In New York
6,027 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means New York is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in New York, NY?

According to the most recent data on the cost of living, New York has an overall cost of living index of 162 which is 1.6x higher than the national index of 100.

Compared to only New York, New York has a cost of living index that's 1.4x higher than New York's index of 117.

The standard of living in New York ranks as #6,031 most affordable out of the 6,522 places we measured in New York. By definition, that implies New York ranks as the #375 most expensive place in the Empire State.

For more reading on life in New York, check out:

New York Cost Of Living Vs. New York

Living Expense New York New York National Average
Overall 162 117 100
Services 136 108 100
Groceries 142 108 100
Health 110 101 100
Housing 234 145 100
Transportation 128 102 100
Utilities 111 97 100
For more reading on cost of living around New York, check out:
New York Cost of Living Vs. NY

New York, NY Housing Cost Breakdown

Housing swings affordability the most between places in New York, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$606,000
Median Home Value
$1,443
Median Rent
$63,998
Median Income
Statistic New York New York United States
Median Home Value $606,000 $313,700 $217,500
Median Rent $1,443 $1,280 $1,062
Median Income $63,998 $68,486 $62,843
Home Value To Income 9.5x 4.6x 3.5x
Rent To Monthly Income 0.27x 0.22x 0.2x

Detailed New York Services Costs Vs. New York

Item New York New York
Shampoo $1.65 $1.01
Movie $16.32 $10.72
Bowling $20.4 $13.86

Detailed New York Groceries Costs Vs. New York

Item New York New York
Ground Beef $6.45 $3.9
Fried Chicken $2.44 $1.4
Milk $2.76 $1.96

Detailed New York Health Costs Vs. New York

Item New York New York
Haircut $23.0 $17.49
Beauty Salon $60.52 $38.17
Toothpaste $4.4 $2.32

Detailed New York Transportation Costs Vs. New York

Item New York New York
Potatoes $3.24 $3.18
Pizza $12.3 $10.39
Beer $11.99 $9.23
Optometrist $108.08 $106.34
Doctor $106.72 $115.25
Dentist $124.43 $98.38

Detailed New York Utilities Costs Vs. New York

Item New York New York
Gasoline $2.81 $2.59
Tire Balancing $80.22 $48.9
All Electricity $197.5 $167.6
Phone $186.69 $163.42

New York SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
9.5
Affordability
3
Diversity
10
Safety
6
Amenities
10
Education
7
Commute
2

Cost Of Living In Cities Around New York

City Population Cost Of Living Vs. New York
Bayonne, NJ 65,091 124 0.8x
Hoboken, NJ 53,193 181 1.1x
West New York, NJ 52,662 140 0.9x
Cliffside Park, NJ 25,126 151 0.9x
Secaucus, NJ 20,125 152 0.9x
Woodmere, NY 17,470 176 1.1x
Port Washington, NY 15,808 185 1.1x
North New Hyde Park, NY 15,080 173 1.1x
Edgewater, NJ 12,403 173 1.1x
North Merrick, NY 12,170 164 1.0x

Articles About New York

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