New York, NY

Cost of Living in New York, NY (2026): Rent, Utilities & Take-Home

$5,163/mo in New York. $1,249 left each month. Prices 24% above the US average.

Compare vs Chicago Rank metros from New YorkHow we figure this

Monthly costs

Take-home $6,412/mo.

Taxes$2,891
Rent$3,018
Other living costs$2,145
Left over$1,249

Pay and tax, per year

Gross household pay: $111,633
Federal income tax: −$16,173
Social Security and Medicare: −$8,540
State income tax (NY): −$5,650
City / county wage tax: −$4,327
Take-home pay: $76,943
Effective tax rate: 31.1%

Living costs, per month

Rent, 1br: $3,018
Groceries: $496
Getting around: $347
Healthcare: $558
Utilities and internet: $310
Everything else: $434
Total spending: $5,163

Left over each month

$9,303 gross, minus $2,891 in tax and $5,163 in living costs.

$1,249

Average electric bill in New York

About $238 a month for a household using 900 kWh. That is the EIA residential price for New York in 2025, 26.39¢ per kWh. It is a state average, not a New York utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Cost of Living in New York, NY (2026): Rent, Utilities & Take-Home

Monthly costs

Pay and tax, per year

Living costs, per month

Average electric bill in New York

Moving from New York

Take-home by job in New York

Other New York metros

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