You should factor this commuting time into your overall, The cost of a monthly transit pass in New York, NY is around $116.50. the estimated difference in money purchasing power. These prices were last updated on May 01, 2023. I am single and live in New York, I rent a small 1 bedroom and the monthly rent is $1682 . Cost of Living Calculator | Seattle, WA vs. New York - NerdWallet Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. 2021 Compare the cost of living in two cities using the CNNMoney Cost of Living calculator. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Commuters who live in the northern suburbs and Connecticut can take MetroNorth, which costs between $60 and $500 for a monthly pass, depending on the line and length of the commute. 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. Get free guidance on changes you can make to afford more home, without spending more. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. What will your monthly mortgage payment be. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Looks like this move could have a negative net change in disposable income. To reflect the differences in the cost of living and inflation rates, we show the GDP at purchasing power parity (PPP). Privacy Policy. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Cost of Living in NYC vs Seattle: Which Is More Affordable? |StreetEasy But even then, the price of groceries is going to significantly influence your cost of living. Pre-qualified offers are not binding. There are ways to save money on your food expenses if you plan carefully. We believe everyone should be able to make financial decisions with confidence. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Today, were comparing the cost of living in NYC vs Seattle. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. 5 in U.S for public transportation availability. When evaluating offers, please review the financial institutions Terms and Conditions. If you can't find a city, you can type the state name to see all cities available in that state. Pre-qualified offers are not binding. 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. To stay up-to-date with the cost of living changes in Seattle (2 or 3 updates a year at most), please login: Comparison of living cost between Seattle Vs New York City will help you to understand how much is the cost of living in Seattle Vs New York City with low cost, average and highest, also know expenses costs for accommodation, food, petrol, mobile, cabs, fruits, liquor, wine, local transportation and education fee. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Determine if you could maintain your current standard of living in a different city. What is the breakdown of the cost of living? There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Seattle, Washington: New York City: Diff: Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area: $3,362 Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. There are ways to save money on your food expenses if you plan carefully. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. Copyright 2009-2023 Numbeo. The cost of living in Los Angeles is 5% more expensive than in Seattle. 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.