Cost of Living in New York City
Median income in New York City is $67,000/year ($5,583/month). Here is how to budget every dollar.
Average Rent in New York City
$2,800
Studio
$3,400
1 Bedroom
$4,200
2 Bedrooms
Monthly Budget Breakdown: $5,583/month
How to allocate the median New York City income of $67,000/year after taxes.
Housing
$2,800
Food & Groceries
$560
Transportation
$130
Utilities
$200
Healthcare
$280
Entertainment
$335
Personal & Other
$279
Savings
$999
Total
$5,583
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Affordable Neighborhoods in New York City
Washington Heights and Inwood offer Manhattan addresses at 40% less rent
Astoria and Jackson Heights in Queens have excellent food and transit for under $2,000/month
Bushwick and Bed-Stuy in Brooklyn are popular with young professionals on a budget
Money-Saving Tips for New York City
Get a MetroCard unlimited monthly pass ($132) instead of paying per ride
Shop at Trader Joe's, Aldi, or local produce stands in Chinatown for groceries
Take advantage of free museum days and outdoor events in Central Park
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