New York City, known for its vibrant culture and bustling streets, is a dream destination for many. However, living in the heart of the Big Apple comes with its own set of financial challenges.

Understanding the cost of living in New York is crucial for anyone considering a move to the city. From the high cost of living to the bustling city life, there are many factors to consider.

Cost of Living Summary

Dining and Restaurants

  • Inexpensive Restaurant - A meal at an inexpensive restaurant in New York will typically cost around $20.
  • Three-Course Meal for Two - A three-course meal for two people at a mid-range restaurant will cost around $80.
  • Fast Food - A fast food meal in New York costs around $12.

Grocery Prices

  • Milk - Milk is priced at $1.03.
  • Bread - Bread is priced at $3.94.
  • Eggs - Eggs are priced at $4.34.

Transportation

  • Public Transport - A ticket for public transport costs around $3.

Housing Costs

  • Apartment - The average price for an apartment is $2,088.

Utilities

  • Utilities - The average cost for utilities is $100.

Cost of Living Rankings

The cost of living indices for Chile are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Chile, covering factors like consumer goods, rent, and purchasing power.

Highest to LowestUpdated: Dec, 2024

Cost of Living Data

The following pricing data has been gathered from 14 user contributions, as of the most recent update in November, 2024.
Restaurants
Avg / Range
Meal, Inexpensive Restaurant
$9.24
Meal for 2 People, Mid-range Restaurant, Three-course
$30.81
McMeal at McDonalds (or Equivalent Combo Meal)
$8.22
Domestic Beer (0.5 liter draught)
$3.08
Imported Beer (0.33 liter bottle)
$4.11
Coke/Pepsi (0.33 liter bottle)
$1.16
Water (0.33 liter bottle)
$0.86
Cappuccino (regular)
$2.75
Markets
Avg / Range
Milk (regular), (1 liter)
$1.14
Loaf of Fresh White Bread (500g)
$1.48
Eggs (regular) (12)
$3.94
Local Cheese (1kg)
$11.02
Water (1.5 liter bottle)
$1.25
Bottle of Wine (Mid-Range)
$4.62
Domestic Beer (0.5 liter bottle)
$1.37
Imported Beer (0.33 liter bottle)
$2.23
Cigarettes 20 Pack (Marlboro)
$4.78
Chicken Fillets (1kg)
$6.20
Apples (1kg)
$1.82
Oranges (1kg)
$1.51
Potato (1kg)
$1.26
Lettuce (1 head)
$1.13
Rice (white), (1kg)
$1.57
Tomato (1kg)
$1.36
Banana (1kg)
$1.50
Onion (1kg)
$1.36
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$11.52
Transportation
Avg / Range
One-way Ticket (Local Transport)
$0.55
Monthly Pass (Regular Price)
$51.35
Gasoline (1 liter)
$1.36
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$14,351.88
Taxi Start (Normal Tariff)
$0.67
Taxi 1km (Normal Tariff)
$1.41
Taxi 1hour Waiting (Normal Tariff)
$3.59
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$19,147.82
Rent Per Month
Avg / Range
Apartment (1 bedroom) in City Centre
$410.79
Apartment (1 bedroom) Outside of Centre
$359.44
Apartment (3 bedrooms) in City Centre
$648.55
Apartment (3 bedrooms) Outside of Centre
$513.48
Utilities (Monthly)
Avg / Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$136.41
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$20.57
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$11.69
Sports And Leisure
Avg / Range
Fitness Club, Monthly Fee for 1 Adult
$22.59
Tennis Court Rent (1 Hour on Weekend)
$5.13
Cinema, International Release, 1 Seat
$5.13
Clothing And Shoes
Avg / Range
1 Pair of Jeans (Levis 501 Or Similar)
$45.19
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$29.28
1 Pair of Nike Running Shoes (Mid-Range)
$59.05
1 Pair of Men Leather Business Shoes
$79.71
Buy Apartment Price
Avg / Range
Price per Square Meter to Buy Apartment in City Centre
$1,540.45
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$513.48
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5.21%
Childcare
Avg / Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$391.31
International Primary School, Yearly for 1 Child
$5,134.84
Valparaiso Cost of Living

"Key Takeaways"

New York is known for its high cost of living, with high prices for housing, dining, and transportation.

The city is expensive, but there are ways to save money, such as living in a less expensive neighborhood or using public transportation.

Conclusion

Living in New York can be expensive, but it can also be rewarding. With a little planning and some smart choices, you can enjoy all that the city has to offer without breaking the bank.

Whether you're considering a move to New York or just visiting, it's important to be aware of the costs and plan accordingly.