Cost of Living in New York
Summary about cost of living in New York:
- Four-person family monthly costs: 4,750.97$ without rent (using our estimator).
- A single person monthly costs: 1,286.94$ without rent.
- Cost of living index in New York is 26.39% higher than in Los Angeles.
- Rent in New York is, on average, 40.71% higher than in Los Angeles.
- Cost of living rank 6th out of 488 cities in the world.
- New York has a cost of living index of 100.00.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 23.50 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 100.00 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 9.50 $ | |
| Domestic Beer (1 pint draught) | 7.25 $ | |
| Imported Beer (12 oz small bottle) | 8.50 $ | |
| Cappuccino (regular) | 4.86 $ | |
| Coke/Pepsi (12 oz small bottle) | 2.23 $ | |
| Water (12 oz small bottle) | 1.84 $ | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 4.57 $ | |
| Loaf of Fresh White Bread (1 lb) | 3.37 $ | |
| Rice (white), (1 lb) | 2.87 $ | |
| Eggs (regular) (12) | 3.78 $ | |
| Local Cheese (1 lb) | 7.12 $ | |
| Chicken Fillets (1 lb) | 6.39 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 6.43 $ | |
| Apples (1 lb) | 2.73 $ | |
| Banana (1 lb) | 1.17 $ | |
| Oranges (1 lb) | 2.68 $ | |
| Tomato (1 lb) | 2.34 $ | |
| Potato (1 lb) | 1.88 $ | |
| Onion (1 lb) | 1.80 $ | |
| Lettuce (1 head) | 2.17 $ | |
| Water (1.5 liter bottle) | 2.23 $ | |
| Bottle of Wine (Mid-Range) | 17.00 $ | |
| Domestic Beer (0.5 liter bottle) | 2.71 $ | |
| Imported Beer (12 oz small bottle) | 3.02 $ | |
| Cigarettes 20 Pack (Marlboro) | 15.00 $ | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 2.75 $ | |
| Monthly Pass (Regular Price) | 127.00 $ | |
| Taxi Start (Normal Tariff) | 3.00 $ | |
| Taxi 1 mile (Normal Tariff) | 4.00 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 30.00 $ | |
| Gasoline (1 gallon) | 2.94 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 22,000.00 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 20,362.00 $ | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 135.54 $ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.12 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 62.79 $ | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 75.93 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 31.95 $ | |
| Cinema, International Release, 1 Seat | 16.99 $ | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 2,387.96 $ | |
| International Primary School, Yearly for 1 Child | 39,608.70 $ | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 53.33 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 40.19 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 86.70 $ | |
| 1 Pair of Men Leather Business Shoes | 131.28 $ | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 3,343.08 $ | |
| Apartment (1 bedroom) Outside of Centre | 2,021.32 $ | |
| Apartment (3 bedrooms) in City Centre | 6,620.16 $ | |
| Apartment (3 bedrooms) Outside of Centre | 3,650.73 $ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 1,374.78 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 766.07 $ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 5,544.23 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.07 |
Prices in New York, New York
These data are based on 3049 entries in the past 18 months from 480 different contributors.
Last update: May 2020
Last update: May 2020
Sources and References
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31 Comments so far
LISTEN TO DR. KNUT WITTOWSKI, DR. RASHID BUTTAR, DR. JUDY MIKOVITS
WAKE UP AND STOP LIVING IN FEAR!
62000 dollars per year.
Makes around 4800 per month after tax.
Not sure why all data comes from our country are way off!!!!!
https://www.joinleaf.com/cities/new-york/
But now I don't like it very much because of these reasons:
1. So many old and ugly apartments and other buildings that many of them are in Manhattan (and very near to some of world's biggest attractions)
2. Weak urban architecture as the biggest urban area in the world
3. so many mice and beetles
4. little positive changes in the city like constructing suitable streets and highways for 21st century
5. constructing skyscrapers in small streets that really need to expand in width
6. high level of crime (in comparison with some big cities of the world)
7. No power against natural disasters like flood.
and etc
Is there anyone (specially from New York) who is not agree with me?
.
There is no chance at all that he lives well! Let me tell you how he actually lives:
-with 3-4 roommates, and probably a spouse, so that the rent is reduced by an additional 50% by splitting with him/her
-In a tiny apartment with roaches and thin walls, where you will never get peace and quiet with all your roommates and heating other neighbors day and night.
-In a dangerous neighborhood
-Never travels except for maybe drive to the next town over, but I doubt it as he probably could not afford the monthly gas and insurance costs.
-Almost never goes out to eat anywhere.
-Saves 1-2% of his check, not 25%. Maybe 0%. Lives paycheck to paycheck with almost no savings.
Guys, people making these kind of claims are downright dangerous, if someone really moved here with only $45 of actual spending money, even $60k, reading his post and thinking they will be fine and "live well" on that little of money, someone could easily become homeless and be in serious trouble. Do not be naive guys! On this type of money you will either barely scrape by, or literally run out of money.
New York can be expensive or can be cheap. It depends on your lifestyle.
I was making just $40k when I got my first job in 2014. Living with roommates, making your own food and planning the budget helps.
There are grocery stores which are on the lower cost end but provide a good choice.
It’s important to save up at least $150 a month for a rainy day (visits to ER, rent hikes, job loss).
Many people do alright with minimum wage jobs.
My current income is just $63k and I have an opportunity to travel, not worry about how much eating out will affect my ability to pay rent, buy some expensive things now and then, save up a quarter of my income for retirement and also save.
Most college graduates start with a salary of $50-60k and do well.
But ultimately, you can get more value for the same price if you decide not to move here.
$120K in New York is similar to $70K in Toronto, $90K in Boston based on my experience.
I received an offer to relocate to NYC, I'm an experienced Supervisor and Estimator as a Technical Designer in Building Facades (8 years, some of them in Dubai for very big Real Estate customers).
What is approx. the minimum salary I should ask to live a middle-class life in NYC to be able to save a good amount of money (I'm single with no kids)?
Is it normal to ask benefits from the company other than the salary, like medical insurance?
How much it could cost a medical insurance?
Thanks in advance!
thank you
For those of you commenting you want to come to New York please visit but don't stay. It is definitely not what you think New York has beautiful points but living here the stress will give you a heart attack. I have been in New York 11 years and I am thinking of moving away since it's so expensive. The thing about New York is their are tricks to the trade of living here because living here is work in itself. It is not a game their is someone aways waiting to take your apartment if you don't want it, majority of the time it's like this. The landlords are always pressuring you to leave in sneaky ways unless you have a connection through someone else who knows them and can vouch that your a great person. Or you know the housing courts system. The man who wrote this article god bless him because many of you think this is article is bull shit and sadly its not this is seriously how we live unless you make above 90,000 a year you are not in comfort. You need to come here speaking many languages and get a coding experience and technology experience. I'm currently learning coding now due to the fact I need to truly compete to make a living every hour of my life here. Those of you who think your going to come here making less than 90,000.00. Please Please make your lives easier and go move to another state if you want to live in America do years of research because each state has its drawbacks. So far I've picked Kansas as a state I would love to move to. My income is currently less than 20,000.00 income would provide a lot more to me in Kansas than it would here in New York City. I'm stuck here because I cannot leave and I am so accustomed to my lifestyle and the proximity of everything that is really close to me. One true thing is the gentrification happens every 5-7 years so before you can even complete a ten year census you already have lost your apartment due to some of the sketchy business that goes on with the sneaky landlords. My close relative a sister of mine had a landlord that did not want to confront her about trying to evict her from her apartment. So he took an eviction notice and placed it in her apartment while she was away under her fridge on the floor hoping she wouldn't see it. My relative has a compulsive disorder and has a very cleanly home This was how we were raised as children. She found it less than a day later and went to the courts to over turn the unwarranted eviction. If you don't check your mail daily it can hurt you, keeping a clean place helps, because living in New York is like running a business you must do daily inspection everyday to make sure your business is safe from those who want to destroy it hourly. If not you are doomed. Then usually if you really did truly have to go into the shelter due to loss of a home or apartment, while in the shelter system you will get relocated to another part of the city for a year or more further than what your commonly used to. This year is going to be the toughest year of your life. The worst thing about New York is making money once you have some they place another bill on your shoulders, so the higher your wages you earn the higher your bills. If you have children make the trip New York cares for families but if your single stay away. I truly don't make that much and when I pay taxes and or get a paycheck 200-400 is removed automatically without a blink or a flinch yet I worked all those hours only to get 60 percent of what I earn. Not even 75 percent of what I make U earn please please reconsider coming here. Do not come here with drug habits because these are expensive and will ruin you in this city the same with an alcohol habit. If you are not at the top of your game and you have drama don't come here the city has enough drama and it will suffocate you. We are at the highest rate of homelessness and highest rate of children starving without food please do better for your families. These two reasons why are why I won't have a child here in the city. Bad enough the person I am with may not even be able to do for himself to survive but how can both of us take care of a child when we can't even truly relax to be apart of this child's life because we work so hard to make sure it eats.
Just for example the author has got data cost of apartment but ignored mortgage interest rate which is very low in the US(less than 4 percent) w.r.t. India(10 percent) at the moment. So, the author should calculate effective cost of apartment. Along with this, the author should consider the hidden cost in the form of black money which exits in countries like india.
The super rich have distorted the real estate market and caused residential and commercial property prices and rents to sour.
If you are only making basic money then the best way to save and get ahead is to co-dwell in an apartment.. accept you'll have little privacy and just use your home for sleeping and showering.
Learn computer coding and study business or the share commodities markets and get your skills right up so that you may have a chance of pulling yourself up out of the financial underclass and into the comfort zone of money and independence.
Develop hit selling Apps for the iPhone/iPad
Write and produce hit songs on your MackBook Pro and give Max Martin a run for his money..
Become a skilled day trader ... just don't lose the shirt off your back...
(I haven't done it but I think that's a worthwhile approach to take..)