Cost of living, New York
112.6
BEA Regional Price Parity vs US average of 100 (2024). New York sits about 12.6% above national prices.
BLS OEWS median, May 2025, as of May 15, 2026. BEA RPP all-items, 2024. Disclaimer
- vs US
- +12.6%
- Metro
- New York
- CBSA
- 35620
New York all-items RPP is 112.6 (2024), about 12.6% above US-average prices. A $90,000 salary at national prices maps to about $101,340 here for equal purchasing power.
Price components in New York
| Component | New York | US |
|---|---|---|
| All items | 112.6 | 100 |
| Goods | 110.3 | 100 |
| Housing (rents) | 148.6 | 100 |
| Other services | 105.8 | 100 |
BEA Regional Price Parities 2024, US = 100.
What a US-average salary buys in New York
| At US average | In New York |
|---|---|
| $60,000 | $67,560 |
| $90,000 | $101,340 |
| $150,000 | $168,900 |
Local equivalent = national salary × (112.6 ÷ 100). BEA RPP 2024.
Top wages here
FAQ
- What is the cost of living in New York?
- The BEA Regional Price Parity (all items, 2024) for New York-Newark-Jersey City, NY-NJ is 112.6, versus a US average of 100 (+12.6%).
- How is RPP different from CPI?
- CPI tracks price change over time. RPP compares price levels across places in a given year versus the national average of 100. PayByCity uses RPP for cross-metro purchasing power, including goods, housing rents, and other services components.
- How should I use this with OEWS wages?
- Pair local BLS OEWS medians (May 2025) with this RPP. A $90,000 salary at US-average prices maps to about $101,340 in New York for equal purchasing power.
- Does this include taxes or housing alone?
- No. All-items RPP is a broad price-level index. Component indexes show goods, rents, and other services separately, but this is not a rent quote, tax estimate, or household budget.
What this covers
Includes
- BEA Regional Price Parities (all items, goods, housing rents, other services)
- BLS OEWS median wages, percentile bands, and employment where published
- Purchasing-power math: salary × (destination RPP ÷ origin RPP)
Does not include
- Federal, state, or local income taxes
- Childcare, healthcare premiums, or leave benefits
- Job openings. OEWS employment is a published stock estimate, not hiring demand
Highest wages here
- Chief Executives , 7,180 OEWS emp. $301,440
- Physicians, All Other , 17,210 OEWS emp. $265,930
- Financial Managers , 89,960 OEWS emp. $221,010
- Computer and Information Systems Managers , 62,430 OEWS emp. $215,300
- Sales Managers , 44,870 OEWS emp. $215,150
- Lawyers , 94,610 OEWS emp. $208,880
See methodology and disclaimer.