Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

New York, NY

Housing in New York, NY: Rent, Home Prices & Property Tax

$3,018/mo (1 bd) in New York. Median home $587,400. Property tax 0.88%.

Compare vs Chicago Rank metros from New YorkHow we figure this

Rent (1 bd): $3,018; /mo
Buy: $3,939; Mortgage, tax, insurance
Buying costs more: $921; /mo

State tax and rent

To buy

20% down payment$117,480
Mortgage at 6.5%$2,970
Property tax (0.88% of value)$431/mo · $5,169/yr
Insurance and upkeep$538
Monthly total$3,939

49.2% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$1,249 left each month. About 95 months (7.9 years) to save $117,480.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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