New York cost of living
Cost of living in the city of New York
New York-Newark-Jersey City, NY-NJ had 19,940,274 people in the Census Vintage 2024 estimates. The HUD area used for rent is New York, NY HUD Metro FMR Area. The 2024 all-items regional price parity is 112.6, where the U.S. average is 100.
2-bedroom Fair Market Rent
$2,971
FY 2027, principal HUD area
Median gross rent
$1,851
ACS 2024 1-year
Goods prices
110.3
BEA goods RPP, 2024
Utilities prices
127.0
BEA utilities RPP, 2024
Mean commute
36.5 minutes
ACS S0801, workers who did not work from home
Median household income
$99,852
ACS 2024, 2024 dollars
Median real estate taxes divided by median home value in this metro are 1.54%. Childcare prices are not in the verified dataset.
Benefits in New York
Benefit rules in this tool follow the state, not the city. SNAP in New York · Medicaid · New York overview
Related comparisons
From New York
The eight largest 2-bedroom Fair Market Rent gaps from New York.
- New York and McAllen · rent gap $1,954
- New York and Wichita · rent gap $1,928
- New York and Little Rock · rent gap $1,850
- New York and Toledo · rent gap $1,826
- New York and El Paso · rent gap $1,825
- New York and Baton Rouge · rent gap $1,822
- New York and Columbia · rent gap $1,745
- New York and Tulsa · rent gap $1,742
Nearby metros
Next in the population ranking: Los Angeles, Chicago