City profile
New York, NY cost of living
NY · BLS RPP 113
Latest official changes
Updates affecting New York, NY
Existing city metrics remain tied to the current verified ReloMath dataset until the owner flips the new data vintage. Use these rows as dated official-source change receipts.
Overall RPP
113
US = 100
Housing RPP
154.2
Housing component
Goods RPP
107.6
Goods component
2-BR Rent (HUD)
$2,752/mo
FY2024 FMR
Where New York, NY sits in the verified metro set
RPP rank
#6 of 67
+13.0 vs U.S. average
Vs median metro
+14.6
median RPP 98.4
2-BR rent rank
#5 of 67
+1,146/mo vs median verified metro
RPP ranks use only verified ReloMath metro records. Sources: BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR); reviewed June 2026. These are official published averages, not neighborhood-level prices.
Who’s moving in and out of New York, NY
IRS tax-return migration · 2021-2022Cost of living is only half the relocation question. The other half is which way people are actually voting with their feet, straight from IRS tax-return migration for the New York, NY metro.
Moved in
748,159
people · 481,976 households
Moved out
991,014
people · 597,696 households
Net
−242,855
net loss of residents
Net migration rank
#65 of 65
among IRS-covered ReloMath metros
Vs median net flow
-242,751
median -104 people
Largest flow share
1% in / 1% out
top named county shares
Where new residents came from
- Los Angeles County, CA 8,277
- Western Connecticut Planning Regi, CT 6,273
- Mercer County, NJ 5,365
- Cook County, IL 4,650
- Philadelphia County, PA 4,628
Where residents moved to
- Palm Beach County, FL 13,545
- Western Connecticut Planning Regi, CT 13,514
- Los Angeles County, CA 11,175
- Miami-Dade County, FL 10,367
- Orange County, NY 9,950
Counts are IRS tax filers (returns ≈ households, individuals ≈ exemptions) who changed address between 2021-2022. Flows too small for IRS to disclose are grouped and excluded from the named lists. Source: IRS SOI county-to-county migration data ↗, mapped to metros via the U.S. Census CBSA delineation.
What salary do you need in New York, NY?
Equivalent salary to maintain the same purchasing power as in a US-average city (RPP 100).
| In US-average city | You need in New York, NY | Formula |
|---|---|---|
| $50,000 | $56,500 | $50,000 x (113/100) |
| $75,000 | $84,750 | $75,000 x (113/100) |
| $100,000 | $113,000 | $100,000 x (113/100) |
| $125,000 | $141,250 | $125,000 x (113/100) |
| $150,000 | $169,500 | $150,000 x (113/100) |
| $200,000 | $226,000 | $200,000 x (113/100) |
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
State income tax note
NY state income tax 4%-10.9% + NYC city tax up to 3.876% for city residents.
Frequently asked questions
- What is the cost of living in New York, NY?
- New York, NY has a BLS Regional Price Parity of 113 (US average = 100). It is 13.0% more expensive than the national average.
- What salary do I need to live in New York, NY?
- If you earn $100,000 in a US-average city (RPP 100), you would need approximately $113,000 in New York, NY to maintain the same purchasing power.
- What is the average rent in New York, NY?
- The HUD Fair Market Rent for a 2-bedroom in New York, NY is approximately $2,752 per month as of FY2024.
- Are people moving to or away from New York, NY?
- Based on IRS tax-return migration data for 2021-2022, about 748,159 people moved into the New York, NY metro and 991,014 moved out — a net loss of roughly 242,855 residents. The largest single source of new residents was Los Angeles County, CA.
Curated nearby & similar cities
Similar verified metros by RPP
These links are chosen by data proximity: closest overall RPP to New York, NY, with HUD 2-BR rent as a tie-breaker.
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