Cost of Living in Manhattan, NY
| Cost of Living in Manhattan, NY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 172% higher | 384% higher |
| Utilities (Monthly) | 1% lower | 3% higher |
| Food | 21% higher | 29% higher |
| Healthcare | 4% higher | 9% higher |
| Transportation | 8% higher | 17% higher |
| Goods & Services | 21% higher | 35% higher |
The cost of living in Manhattan, NY is 74% higher than the state average and 127% higher than the national average. Manhattan, NY housing is 384% more expensive than the U.S average, while utilities are about 3% pricier. When it comes to basic necessities such as food and clothing, groceries are around 29% pricier in Manhattan, NY than in the rest of the country, while clothing costs around 35% more .
Healthcare services such as doctor check-ups and dentistry cost 9% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 35% pricier in Manhattan, NY.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Manhattan is $5,117, while home prices circle around $2,486,094.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Manhattan, energy bills cost around $184.87 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $3.45 in Manhattan, a dozen eggs go for around $3.50 and a pound of potatoes circles around $4.85.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Manhattan, an optometry check-up costs around $116.83, while a dentist appointment is priced $140.13 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $4.06 in Manhattan, while getting your tires balanced will run you about $76.27.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $43.39 here. Meanwhile, a pair of women's slacks will set you back around $35.74.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Manhattan, you should budget around $18.68 a month. When it comes to personal services, a haircut usually goes for $28.44, while dry cleaning costs about $16.22.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Manhattan, the median household income is $138,608.