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New York, NY Cost of Living Calculator
Prices in the New York, NY area are 12.6% above the US average, and housing 48.6% above (BEA, 2024). Compare a salary here with anywhere else.
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New York, NY price levels by category (US average = 100)
| Category | Price level | Against the US |
|---|---|---|
| All items | 112.6 | 12.6% above |
| Housing | 148.6 | 48.6% above |
| Goods | 110.3 | 10.3% above |
| Utilities | 127.0 | 27.0% above |
| Other services | 105.8 | 5.8% above |
What $75,000 in New York, NY equals in other large metros
| Metro area | Equivalent salary | Prices |
|---|---|---|
| Los Angeles, CA | $75,666 | 0.9% |
| Chicago, IL | $69,005 | −8.0% |
| Dallas, TX | $68,672 | −8.4% |
| Houston, TX | $65,675 | −12.4% |
| Washington, DC | $72,536 | −3.3% |
| Philadelphia, PA | $68,339 | −8.9% |
| Atlanta, GA | $66,674 | −11.1% |
| Miami, FL | $76,066 | 1.4% |
| Phoenix, AZ | $68,806 | −8.3% |
| Boston, MA | $72,136 | −3.8% |
How this calculator works
BEA regional price parities for the New York-Newark-Jersey City, NY-NJ metropolitan area, 2024: the price of the same basket of goods and services against the US average (100). Equivalent salaries scale by the ratio of the two areas' price levels.
Questions people ask
Is New York expensive to live in?
Overall prices are 12.6% above the US average; housing is 48.6% above.
What salary do I need in New York, NY?
To match $75,000 in an average-cost place, about $84,450. The area's median household income is $99,155.
How much is rent in New York, NY?
The median gross rent (including utilities) is $1,830 a month (Census American Community Survey 2020–2024 5-year estimates).
How does New York, NY compare with New York?
It is the benchmark here: compare it with any other metro in the calculator.
Nearby and large metro areas
Related calculators
Sources
- BEA: Regional price parities by metro area, 2024
- US Census Bureau: American Community Survey 2020–2024 5-year estimates (median rent B25064, income B19013)
Updated by the RateHerald team. The maths is tested against worked examples; report a problem.