Cost of Living in New York County, NY for 2022

New York is the largest metropolis in the world, which is the economic, cultural and political center of the United States. Taking into account the agglomeration, about 20 million people live in New York. Given the size of this metropolis, each district can be called a separate city. New York City is made up of 5 major boroughs: Manhattan, Bronx, Queens, Brooklyn and Staten Island.

In this analytical article, we look at the cost of living in New York County, NY for 2022. To do this, we will use a calculator compiled by the Economic Policy Institute (EPI). The Family Budget Calculator (EPI) will help you determine the optimal income to maintain a modest but fairly comfortable standard of living. Let’s study living expenses for three types of families: for one adult, for two adults and for a family of four (two adults and two children). For a complete picture, let’s look at the average net salaries in New York County, NY for 2022. The cost-to-income ratio will help us get the full picture.

Apartment rental prices are based on data from the Department of Housing and Urban Development. The Department takes into account fair market rent, which includes utility costs. Prices were taken into account for renting a studio apartment for one adult, a one-bedroom apartment for two adults, and a two-bedroom apartment for two adults with one or two children. Food expenditures are based on data from the USDA and have been adjusted for each area.

Average net salaries are per month (after tax) and based on numbeo data (current as of end December 2022).The median net salary in New York County, NY after taxes is $ $6,081/month (or $72,972/year) as of December 2022.