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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.

Prices in an average US city are 11.2% lower than in New York, NY, so $75,000 in New York, NY buys what $66,607 buys in an average US city.

The same living standard in an average US city
$66,607
Prices overall
-11.2%
Housing costs
-32.7%

New York, NY price levels by category (US average = 100)

CategoryPrice levelAgainst the US
All items112.612.6% above
Housing148.648.6% above
Goods110.310.3% above
Utilities127.027.0% above
Other services105.85.8% above

What $75,000 in New York, NY equals in other large metros

Metro areaEquivalent salaryPrices
Los Angeles, CA$75,6660.9%
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$76,0661.4%
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.

What it assumes

  • Before tax, and averaged across the whole metro area.

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

  • Cost of Living CalculatorWhat salary in another city gives you the same standard of living, from the Bureau of Economic Analysis's 2024 price levels for 193 metro areas.
  • New York, NY Rent Affordability CalculatorThe median rent in the New York, NY area is $1,830 a month including utilities, which takes 22% of the median household income ($99,155). Paying it on 30% of income needs about $73,200 a year.
  • Paycheck CalculatorWhat you take home from each paycheck after federal income tax, Social Security, Medicare and state income tax, with 2026 tax rates for every state.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.