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New York Yearly Expenses by Quarter
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US-174-AZ
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In New York City, 'maintaining quarters' often refers to the obligation of tenants or owners to ensure their residential units are habitable and meet the city's housing codes. This includes keeping the property in good repair and addressing any issues that may arise, such as plumbing or structural problems. Understanding these responsibilities becomes essential as you analyze New York Yearly Expenses by Quarter, helping you budget effectively.
That's $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year.
Cost of living in NYC: Utilities As of 2019, the average cost of a basic utilities package in a 915-square-foot apartment in New York was $145.55 per month.
Cost of living in NYC: Utilities As of 2019, the average cost of a basic utilities package in a 915-square-foot apartment in New York was $145.55 per month.
Recommended Salary in New York City To live comfortably, a resident would need to earn at least $11,355 monthly before taxes. That's pretty steep. If you chose to live in the more affordable Bronx borough, you'd need to earn three times the $1,800 monthly rent rate before taxes, which amounts to $5,400.
Total: $2,524.50 per month. That's $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.
I definitely think you can live comfortably on a salary of $50,000, even in New York City, says Haskins. It's an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it's totally doable.
Family of four estimated monthly costs are 5,057$ without rent. A single person estimated monthly costs are 1,374$ without rent. New York is 25.35% more expensive than Los Angeles (without rent).
Cost of Food in New York City According to Numbeo.com data from March 2022, groceries in New York City usually cost about $486.71 a month, per person. For the U.S. as a whole, the average is $348.34.
Summary about cost of living in New York, NY, United States: Family of four estimated monthly costs are 5,051$ without rent. A single person estimated monthly costs are 1,372$ without rent. New York is 25.10% more expensive than Los Angeles (without rent).
