Cost of Living in New York County, NY
Population 1,629,477 · Census ACS 2020–2024 5-year estimates
The median rent in New York County, NY is $2,197/month, 36% higher than the New York median and 55% higher than the U.S. median. The median home value is $1,090,500, 228% higher than the national median. Households earn a median of $103,931 a year, 21% higher than the state median.
Affordability
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New York County vs. New York vs. U.S.
| New York County | New York | U.S. | |
|---|---|---|---|
| Median rent | $2,197 | $1,621 | $1,413 |
| Median home value | $1,090,500 | $423,800 | $332,700 |
| Median household income | $103,931 | $85,974 | $80,734 |
| Homeownership rate | 25.1% | 54.3% | 65.2% |
| Bachelor's degree or higher | 64.2% | 40.2% | 35.7% |
| Poverty rate | 16.5% | 14.0% | 12.5% |
| Unemployment rate | 7.6% | 6.4% | 5.2% |
| Work from home | 25.5% | 14.9% | 15.1% |
| Median age | 38.9 | 39.8 | 38.9 |
FAQ
What is the average rent in New York County, NY?
The median gross rent in New York County, NY is $2,197 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in New York County, NY?
Using the common 30% rule, renting a median-priced home takes about $87,880 a year in gross income.
Is New York County, NY expensive to live in?
Rent there is 55% higher than the U.S. median, and the median home costs about 10.5 times the median household income.
Other counties in New York
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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