Everyday Living Costs in New York City, NY
New York City, NY is ranked 332nd out of the top 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the most expensive cities in which to live in the U.S.
The average monthly cost of living in New York City, NY is $7,313 which is 62% higher than the U.S. average ($4,521). The average monthly cost of rent is $4,475, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,839 on average per month.
Cost of Living (for Renters / Monthly)
Rent
$4,475
Utilities
$520
Transportation
$264
Groceries
$853
Other
$1,201
Total
$7313
Everyday Living Costs in New York City, NY
New York City, NY is ranked 329th out of the top 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the most expensive cities for singles in which to live in the U.S.
The average monthly cost of living in New York City, NY for singles is $4,379 which is 48% higher than the U.S. average ($2,956). The average monthly cost of rent for singles is $2,483, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,896 on average per month.
Cost of Living (for Single Renters / Monthly)
Rent
$2,483
Utilities
$306
Transportation
$138
Groceries
$389
Other
$1,064
Total
$4380
Everyday Living Costs in New York City, NY
New York City, NY is ranked 330th out of the top 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the most expensive cities for couples in which to live in the U.S.
The average monthly cost of living in New York City, NY for couples is $6,875 which is 52% higher than the U.S. average ($4,519). The average monthly cost of rent for couples is $4,081, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,794 on average per month.
Cost of Living (for Couple Renters / Monthly)
Rent
$4,081
Utilities
$510
Transportation
$275
Groceries
$777
Other
$1,232
Total
$6875
Everyday Living Costs in New York City, NY
New York City, NY is ranked 330th out of the top 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the most expensive cities for single parents in which to live in the U.S.
The average monthly cost of living in New York City, NY for single parents is $6,842 which is 64% higher than the U.S. average ($4,172). The average monthly cost of rent for single parents is $4,081, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,761 on average per month.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$4,081
Utilities
$500
Transportation
$227
Groceries
$804
Other
$1,230
Total
$6842
Everyday Living Costs in New York City, NY
New York City, NY is ranked 333rd out of the top 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the most expensive cities for families in which to live in the U.S.
The average monthly cost of living in New York City, NY for families is $11,158 which is 75% higher than the U.S. average ($6,392). The average monthly cost of rent for families is $7,254, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,904 on average per month.
Cost of Living (for Family Renters / Monthly)
Rent
$7,254
Utilities
$765
Transportation
$418
Groceries
$1,442
Other
$1,279
Total
$11158
Frequently Asked Questions
What salary do you need to live in New York City, NY?
Overall, on average, a gross annual salary of $129,787 is required for an average quality of life in New York City, NY.
Does New York City, NY have a high cost of living?
New York City, NY is ranked 332nd out of the top 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the most expensive cities in which to live in the U.S. New York City, NY's average monthly rent is 112% higher than than the U.S. average cost of rent.
Is $75K a good salary in New York City, NY?
A gross annual salary of $75,000 in New York City, NY will yield an average annual net salary of $61,964. Considering that the total average annual cost of living in New York City, NY is $87,762, a gross annual salary of $75,000 will be insufficient to cover average living costs.
How much should I pay for rent in New York City, NY?
The average monthly rent in New York City, NY in the city center is $4,008 for a 1 bedroom apartment, $6,002 for a 2 bedroom apartment and $10,005 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $2,203 for a 1 bedroom apartment, $2,801 for a 2 bedroom apartment and $3,501 for a 3 bedroom apartment.