The Cost of Living in New York City in 2022

By Siyag | Sep 23, 2022

DCNALBARI.IN

WEB STORIES

Calling New York an expensive city is an understatement.

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Music, culture, theatre, and everything else are all available every day in New York. The price is high, but it contains everything.

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No matter how many movies include the New York skyline in the background, the charm of the city is difficult to forget.

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Whether you're a native New Yorker or dream of relocating to the city, it's no secret that the cost of living in New York is exorbitant.

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Overall, the cost of living index is 137.8 percent more than the national average. This is the country's highest.

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Rents in New York are 382.7 percent above the national average. Home prices are holding steady from last year, and the median price is $816,500.

New York City housing prices

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all neighborhoods carry such a high price, and N.Y.C. residents know where to look.

New York City's prices by neighborhood

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Even on the lower end of dining, food is more expensive when eating out in New York City. Groceries in N.Y. are 44.4 percent above the national average

New York City food prices

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Fortunately, New York's utility costs are just 3.3 percent more than the national average. Most people pay roughly $181.50 per month for energy.

New York City utility prices

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the typical New Yorker's automobile commute is 40 minutes. Meters in the five boroughs have hourly prices ranging from $1.25 to $7.50.

New York City transportation prices

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The base ticket for both buses and subways is $2.75; but, an unlimited MetroCard might save you money.

Taking the subway (or bus)

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On average, a doctor's appointment costs $112.50, while a prescription medicine costs up to $435.12 without insurance.

New York City healthcare prices

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From Broadway shows to picnics in Central Park, New York City has it all.

Living in New York

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Every one of these perks balances out the high expense of living in New York and makes it worthwhile to live in such an expensive city.

Living in New York