Cost of Living in New York County, NY

What does it cost to live in New York County? Income, housing, and affordability breakdown.

Median Income

$99,880

Median Rent

$2,024/mo

Median Home

$1,104,000

Affordability

123

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$5,582
Property Tax$837
Insurance$368

Total Monthly$6,787
% of Income81.5%

Renting

Median Rent$2,024
Renter's Insurance$25

Total Monthly$2,049
% of Income24.3%

Living in New York County, New York

New York County has a median household income of $99,880 with housing costs that represent 81.5% of income for owners and 24.3% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 123 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in New York

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.