Cost of Living in New York City, NY
New York City's cost of living index is 187 — 87% more expensive than the national average. New York has a state income tax and a statewide COL index of 123.
COL Index
187
100 = national avg
Monthly Budget
$9,350
vs $5,000 national
Population
8.3M
Metro area
State Tax
Yes
New York
Monthly Cost Breakdown
Estimated monthly costs in New York City vs national average for a typical household.
| Category | National Avg | New York City | Difference |
|---|---|---|---|
| Housing | $1,650 | $3,803 | +$2,153 |
| Groceries | $650 | $1,102 | +$452 |
| Transportation | $800 | $1,426 | +$626 |
| Healthcare | $400 | $644 | +$244 |
| Utilities | $300 | $561 | +$261 |
| Other | $1,200 | $2,035 | +$835 |
| Total | $5,000 | $9,350 | +$4,350 |
Salary Equivalent
To maintain the same standard of living in New York City, a national-average salary translates to:
$50,000 nationally
$93,500
$75,000 nationally
$140,250
$100,000 nationally
$187,000
$150,000 nationally
$280,500