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New York Cost of Living (NY)

The cost of living in New York (NY) is higher than the nationwide average. The average yearly pay in New York is $63,089.00, which is higher than the U.S. average annual salary by $13,281.00. The consumer price index (CPI) of 249 in New York is 6.87% higher than the U.S. city average CPI of 233. The sales tax is 4.00%.

The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average New York annual salary, sales tax rates and the regional consumer price index.


New York Consumer Price Index (CPI):
CPI
New York
249
U.S. City Average
233
Average Annual Pay:
U.S. Dollars
New York
$63,089
U.S. City Average
$49,808
Consumption Categories in New York versus National Average:
Category Percentage Versus National Average
Education -18.76%
64.43%
0%
Healthcare 22.40%
0%
76.93%
Groceries 26.47%
0%
90.91%
Rent 15.38%
0%
52.82%
Mortgage 8.13%
0%
27.92%
Electricity -12.46%
42.79%
0%
Gasoline 1.56%
0%
5.36%
View the Cost of Living for cities in New York (NY):


Cost of Living by State:


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