New York is a major metropolitan area in NY with a population of 8,550,405 residents. With a median home price of $915,666 (162% above the national median) and median household income of $80,175, New York is considered very expensive with a price-to-income ratio of 11.4x.
The real estate market in New York features a median home price of $915,666, which is 162% higher than the U.S. national median of $350,000. Monthly rent averages $3,815, 154% above the national average. Over the past decade, rent has increased by 41%.
New York has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
New York offers a median household income of $80,175, which is 15% higher than the national median of $70,000. Residents spend approximately 57% of their income on rent annually, which may pose affordability challenges for some households.
Understanding the climate of New York is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how New York compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in New York is $915,666, with average monthly rent of $3,815. The median household income is $80,175, giving the city a price-to-income ratio of 11.4x.
New York is considered expensive with a price-to-income ratio of 11.4x, above the national average of 5x.
New York has a population of 8,550,405 residents.
New York has a violent crime rate of 308 per 100,000 residents, which is below the national average. The property crime rate is 1048 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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