Cost of Living Analytics

Cost of Living / New York-Newark-Jersey City, NY-NJ-PA Metro Area

Cost of Living in New York-Newark-Jersey City, NY-NJ-PA Metro Area

New York-Newark-Jersey City, NY-NJ-PA Metro Area has a population of 19,908,595. Median household income is $93,610 and median rent is $1,711 per month. Rent is roughly 21.9% of median monthly income.

State: AREAPopulation: 19,908,595Income: $93,610Rent: $1,711Affordability: Affordable (21.9%)
Median Household Income
$93,610
Annual (ACS median)
Median Rent
$1,711
Monthly (ACS median gross rent)
Rent as % of Income
21.9%
rent ÷ (income/12)
Cost Index
125
Simplified relative index

Is New York-Newark-Jersey City, NY-NJ-PA Metro Area expensive?

Based on median rent and income, New York-Newark-Jersey City, NY-NJ-PA Metro Area has a Affordable rent burden. Median rent is $1,711, which is about 21.9% of median monthly household income.

Average rent in New York-Newark-Jersey City, NY-NJ-PA Metro Area

Median rent (ACS) is $1,711 per month. (Neighborhoods vary widely.)

How much income do you need in New York-Newark-Jersey City, NY-NJ-PA Metro Area?

Median household income (ACS) is $93,610 per year. Housing costs take a bigger share of income when rent burden is high.

Other metros in AREA

Compare New York-Newark-Jersey City, NY-NJ-PA Metro Area with nearby metros:

Data sources

  • US Census Bureau American Community Survey (ACS).
  • Affordability metric: median rent ÷ (median household income / 12).
  • Figures are metro-level medians; local variation is expected.