Cost of Living / New York, NY Metro
Cost of Living in New York, NY Metro
Official metro name: New York-Newark-Jersey City, NY-NJ-PA Metro Area
New York, NY Metro has a population of 19,908,595. Median household income is $93,610 and median rent is $1,711 per month. Rent is roughly 21.9% of median monthly income.
State: NYPopulation: 19,908,595Income: $93,610Rent: $1,711Affordability: Affordable (21.9%)
Median Household Income
$93,610
Annual (ACS median)
Median Rent
$1,711
Monthly (ACS median gross rent)
Rent as % of Income
21.9%
rent ÷ (income/12)
Cost Index
125
Simplified relative index
Is New York, NY Metro expensive?
Based on median rent and income, New York, NY Metro has a Affordable rent burden. Median rent is $1,711, which is about 21.9% of median monthly household income.
Average rent in New York, NY Metro
Median rent (ACS) is $1,711 per month. (Neighborhoods vary widely.)
How much income do you need in New York, NY Metro?
Median household income (ACS) is $93,610 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in NY
Compare New York, NY Metro with nearby metros:
- New York, NY Metro vs Buffalo–Cheektowaga, NY Metro
- New York, NY Metro vs Rochester, NY Metro
- New York, NY Metro vs Albany, NY Metro
- New York, NY Metro vs Poughkeepsie, NY Metro
- New York, NY Metro vs Syracuse, NY Metro
- New York, NY Metro vs Utica–Rome, NY Metro
- New York, NY Metro vs Binghamton, NY Metro
- New York, NY Metro vs Kingston, NY Metro
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.