New York is a state in northeastern America.
This state is famous for many things such as New York City, towering Niagara Falls, the famous Manhattan, The Empire State Building, Times Square, and Central Park.
Did we forget to mention The Brooklyn Bridge?
Definitely, New York State is one of the most exciting places to live in the country.
There are tons of things here to visit.
You’ll have plenty of opportunities for both works and play in the Empire State, which makes it a great living place.
But what about the actual cost of living in this state?
Is it very costly?
As many of you are asking for prices in this state, we have created this post to answer all your doubts.
Furthermore, you can find out which cities are the most expensive for living in New York State.
As so, keep reading the post and enjoy.
Contents
The Cost of Living in This State
New York state as a whole is outrageously fancy expensive.
The average annual cost of living is $42,850.00, which is enormously high.
But despite its high cost of living, many people live here and are visiting this state.
Housing Costs
Housing is one of the main reasons the cost of living in New York is so expensive.
The average home value is $315,800, or nearly $101,000 more than the national average.
But these prices can go even more in some cities such as NYC- the usual price for a home in NYC costs $610,000.
On the other hand, some homes cost much less than in NYC- $520,000.
As for rent prices, they are also higher than the national average at $1,300 per month.
But you might be capable of seeing more suitable deals in cheaper parts of the state where the regular monthly rent is just $960.
Utility Costs
The wonderful New York State is in 5th place by expensive costs for utilities, with $480 per month.
The standard bill for electricity on monthly basics will cost you a fascinating $180.
To list in detail – the bill for water for one month is roughly about $43, and the internet bill, also for monthly basics, is $73 for speeds of 60 Mbps.
Transportation Costs
Transportation costs in this state are about 45% higher than the national average.
That makes this state so expensive.
If you own your car, you can expect to spend around $450 per month only to insure it, fill it up, and pay for car repairs.
The average monthly payment for a new car in New York is $560, while used automobiles cost around $345 per month.
The Top Five Expensive Cities in This State
Albany
But, as the capital city of New York, Albany is one of the most costly cities for living here.
Just for an example, the housing prices are about 15% higher and above the national standards.
Seeing that, the regular price for a home is $495,900, and the average rent per month is $1,400.
As for food and groceries, Albany has grocery prices that are 9% higher than the national average.
Speaking of that, a loaf of fresh white bread is above $3.30, one gallon of milk is $2.80, and a carton of eggs(regular 12) is roughly $3.30.
These prices are enormously high for New York state as a whole.
New York
New York City has a reputation for being one of the most expensive cities worldwide.
That expensive way of living is due to its successful economy and the enormous job market.
New York City is known for its high prices and is the one of world’s cities with more than 100 billionaires living here.
Usually, the middle price for rent for a two-bedroom apartment in New York City is $3,600 — which is around two times the national standard of $1,480.
The most expensive neighborhood to rent in Manhattan is Battery Park City, with a standard rent of $5,550.
As for housing expenses in New York – the average price of homes listed in Manhattan is nearly $1.5 million.
That is roughly five times more than the standard national price of homes.
An unmarried individual in New York City could spend an annual total of $55,000 on essential things for a normal living.
Hempstead
Did you know that Hempstead is located in Nassau County and is one of three cities in this country in New York State?
Let’s begin with prices in this amazing Hemstead city.
Meal prices in Hempstead usually vary, but the intermediate meal cost is $35 per day.
Moreover, looking at the spending routines of visitors here, when having lunch in a restaurant, a standard meal costs roughly $15 per one person.
The costs for breakfast are almost constantly a little more affordable than lunch or dinner.
However, this city has enormous transportation prices, healthcare services, and utility costs on monthly basics.
For example, a one-way ticket for the local bus could cost you $4.10, while a monthly pass is more than $105.
One doctor’s visit in Hemstead is almost $125, and a dentist visit is $110.
Brookhaven
This city is the most populous of the ten cities in the whole state of New York.
It is the only town in the county that stretches from the north coast to the south shore of Long Island.
However, let’s see the total cost of living here.
As to the national average price for home sales, the national average cost for homes is $531,500.
In Brookhaven, the price for renting on monthly basics is $2.000.
Renting is always a lower-cost option to homeownership.
The higher cost of housing and renting in this city isn’t very shocking, due to the fascinating things you can accomplish here.
The usual standard health care expenses for a single person are around $5,520 per year.
Islip
The average cost of living in Islip is $2750, which is in the top 5% of the most expensive cities in the world.
One-bedroom apartment in the downtown area, 40 m2 for rent, with utilities included, is $1.910.
Moreover, a three-bedroom apartment Downtown, 80 m2, is highly $3.500.
As for transportation expenses, local transport tickets in Islip are $2.93, and the monthly pass is above $121.
A cinema ticket for one person is approximately $15.
Above all, a doctor’s visit in this city can cost you $117.
New York Safety Overview
READ THE FULL REPORT: New York Safety Review
Safety Index:
- OVERALL RISK: LOW
- TRANSPORT & TAXIS RISK: LOW
- PICKPOCKETS RISK: LOW
- NATURAL DISASTERS RISK: MEDIUM
- MUGGING RISK: LOW
- TERRORISM RISK: LOW
- SCAMS RISK: MEDIUM
- WOMEN TRAVELERS RISK: LOW
Additional Resources
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Cost of Living in Ohio Cities: These Are the Top 5
Cost of Living in Maryland Cities: These Are the Top 5
Cost of Living in Wisconsin Cities: These Are the Top 5
Cost of Living in Colorado Cities: These Are the Top 5
Cost of Living in Vermont Cities: These Are the Top 5
New York is a bustling state with many famous landmarks and attractions, making it an exciting place to live. However, the high cost of living, especially in cities like New York City, can make it challenging for some people.