Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. When evaluating offers, please review the financial institutions Terms and Conditions. Cost of Living by State Alabama Alaska Arizona Compare the cost of living in New York (Manhattan), NY vs. Seattle, WA and see how far your salary will go to maintain your standard of living. The quality of life index is an average of several different indices, including purchasing power, safety, health care, cost of living, property price-to-income ratio, traffic commute time, pollution and climate. Utilizing public transportation could reduce commuting costs in New York. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. If the weather is bad, commute time can double! New York vs Seattle: What is the difference? For example, the cost of living in San Francisco is twice that of Boise, Idaho. Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. The short answer is that they are more pro-business. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. The cost of living in New York City is 29% more expensive than in Seattle. New York City . of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. StreetEasy is a brand and registered trademark of Zillow, Inc. Zillow, Inc. has a real estate brokerage license in multiple states. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Price collection by city is conducted in strict conformance with standard specifications at specified times. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Price collection by city is conducted in strict conformance with standard specifications at specified times. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Personal finance 101 suggests that spending over 30 percent of your income on housing is unaffordable for the typical renter. Determine if you could maintain your current standard of living in a different city. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Do these housing costs seem low to you? Do you know how much money you will need there to maintain your current standard of living? So how do we make money? Half of NYC Households Can't Afford to Live Here, Report Finds - The New York is ranked number 94 out of 100 major cities. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. If you can't find a city, you can type the state name to see all cities available in that state. That comes out to about $130 per month for adults who commute each way to work. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. 5 in U.S for public transportation availability. On average, Los Angeles loses 75 . Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your. New York is considered to have a very good public transport system. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. This is higher than Los Angeles which has the 18th highest cost of living in the United States, coming in at 78.91 on the index. The same type of job in the same type of company in Seattle, WA will typically pay $56,344 . There are lots of ways to reduce food expenses and lower your overall, I love baseball. Get matched with a top agent in your area. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. If the weather is bad, commute time can double! NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. When evaluating offers, please review the financial institutions Terms and Conditions. Youll get more bang for your buck in Seattle. There are ways to trim that down. Opinion | Why People Are Fleeing Blue Cities for Red States All financial products, shopping products and services are presented without warranty. At different times of the year you can get local produce low prices at roadside stands or farmers markets. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. That's probably because we're measuring average costs for the larger metro area, not just the city limits. While other resources provide basic cost comparisons. Above 100 means more expensive.) Our partners cannot pay us to guarantee favorable reviews of their products or services. Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio . A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. When evaluating offers, please review the financial institutions Terms and Conditions. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. : - 37.27% Accomodation Cost Hence this may not be a real signal. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Proximity to employment is an important consideration because it can drastically impact your cost of living. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. $3723. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Cities ranked 3rd and 64th ($3723 vs $2881) in the list of the most expensive cities in the world and ranked 1st and 52nd in the United States. Price collection by city is conducted in strict conformance with standard specifications at specified times. But even then, the price of groceries is going to significantly influence your cost of living. And it adds up. According to the latest BLS data, consumers average over $7,000 per year on food expenses. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. When evaluating offers, please review the financial institutions Terms and Conditions. Thinking about moving to another city? Looking to buy? Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. According to the latest BLS data, consumers average over $7,000 per year on food expenses. The cost of living in New York, NY is 33.0% higher than in Seattle, WA. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. A low rate can save you hundreds each year. The sales tax for New York is 4%. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Researchers Identify Possible New Risk for Breast Cancer Cities ranked 44th and 69th ( $2865 vs $2734) in the list of the most expensive cities in the world and ranked 35th and 57th in the United States. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. the estimated difference in money purchasing power. Proximity to employment is an important consideration because it can drastically impact your cost of living. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Are you moving to Seattle, Washington? All rights reserved. For example, the cost of an unlimited MetroCard in New York was obtained from the. Do Not Sell. A full half of the city . Cost of Living Comparison Between Seattle, WAand New York, NY You would need around 9,112.9$in New York, NYto maintain the same standard of life that you can have with 7,500.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living.