A magnifying glass. The high cost of living in NYC starts with its crazy housing market. Read more on how this ranking was calculated. Explore cost of living across different income, profession and family compositions. The cost of living in New York, New York (NY) is lower than the average cost of living in the state of New York and lower than the nationwide city average. New York City's sky-high cost of living and high taxes keep a six-figure salary from going as far as it could. Life really does cost more in New York. If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income. New York cost of living is 187.2. Raising a kid anywhere is expensive, and raising one in New York City is only more so. Plus we make it easy to compare moving companies. We use the Consumer Price Index ( CPI ) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Full cost of living comparison of New York City vs London. An amount below 100 means New York is cheaper than the US average. However average Cost of living in New York City for family and couple is $8138 for students is $4119 and for bachelor is $2620. Taking all expenses into account, the cost of living in New York City is at least 68.8% higher than the national average. What's the cost of living in New York City, NY? A cost of living index above 100 means New York, New York is more expensive. Need help moving to New York City? In this series, we discuss the cost of big city living with little budget spending from our own experiences in New York, Boston, and LA. New York receives an overall crime score of 2 out of 10. State of New York salaries average $67,940.00, indicating a pay rate that is higher than the U.S. average annual salary by $14,319.00. A vertical stack of three evenly spaced horizontal lines. Life really does cost more in New York. As per the data from our users on costoffling.com website, rental expenses for family and couple is $8001 for students is $4001 and for bachelor is $2501 . … To be precise, the cost of living in Manhattan was 148% higher than the average cost for major U.S. cities in 2019. Cost of Childcare in New York City. This guide will outline common NYC living costs you will face in 2017. Updated on Mar 2020. The breakdown at right shows income and expenses estimated for each demographic at the selected location. New York cost of living is 187.2 Housing is the biggest factor in the cost of living difference. Housing costs have also risen in the other boroughs – especially Brooklyn, where recent gentrification has led to a booming arts, cultural and foodie scene. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. Affordable housing is an ongoing problem in New York City, with one-bedroom apartments renting for several thousand dollars a month. Family of four estimated monthly costs: $6,984; Single person estimated monthly costs: $4,488; New York City is the 2nd most expensive city in USA (2 out of 60) New York City is the 3rd most expensive city in N. America (3 out of 73) Explore the counties with the lowest cost of living based on the consumer price index and access to affordable housing (housing-to-income rates). Compare cost of living in cities in New-York with factors like salaries, housing expenses, groceries, utilities and more. 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