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- Download our Moving to New York City Guide (PDF)
The cost of living in New York City ranks among the most expensive in the world and tops the list within the USA. Sky-high housing costs, daily expenses, and transport fees make it one of the priciest places to live, both in the US and worldwide.
To help you manage the high costs, some employers offer a relocation allowance when you’re moving to NYC. This initial supplement is designed to ease you into life in the city, assisting with apartment hunting, deposit payments, and the burden of setup costs while jumpstarting your new life.
Cost of accommodation in New York City
The cost of accommodation in New York City varies dramatically across its five boroughs: Manhattan, Queens, The Bronx, Staten Island and Brooklyn.
If you choose to live in Manhattan, you’ll face steep rental prices. This is particularly true if you opt for accommodation in the more sought-after neighbourhoods of Manhattan. But if you’re willing to look beyond Manhattan, you’ll find more affordable options in the other borough.
Accommodation in New York City
Best Places to Live in New York City
Cost of transport in New York City
The transport system in New York City includes an extensive subway system covering all five boroughs, so you likely won’t need to purchase a car. The public transport costs run higher than those of other US cities, but you can save money with OMNY, which is replacing MetroCard. OMNY offers a weekly fare cap – pay for 12 rides in a 7-day period (Monday through Sunday), and any additional rides are free, without needing to pay upfront.
Public Transport in New York City
Cost of groceries and clothing in New York City
The cost of groceries and clothing in New York City shows stark contrasts between boroughs. Everyday items in Manhattan cost about one-third more than in other boroughs. You’ll find better deals outside Manhattan, but failing that, you can try buying online or from large main-street shops. The smaller corner shops and clothes shops downtown are fun to browse, but they can be pricey.
Cost of entertainment and eating out in New York City
Entertainment and eating out in New York City involves culinary hotspots and evening cocktails that can come at a hefty price. That said, if you’re on a budget, you’ll still find plenty to see and do in NYC, whether it’s a stroll through Central Park or taking advantage of the many museums offering free admission days.
IDNYC cardholders enjoy free one-year memberships at over 35 participating cultural institutions across the city, from El Museo del Barrio to larger museums.
Cost of education in New York City
The cost of education in New York City varies based on the type of institution. Public schools are free for all residents and receive investment in class size reduction, but they may not always meet newcomers’ needs due to differences in curricula or the language of instruction. Some public schools also offer specialised programmes, which may attract additional fees.
Private schools come with steep price tags. These schools typically offer smaller class sizes and more individualised attention, making them a popular choice for many expat families.
Another option is international schools, which offer globally recognised curricula such as the International Baccalaureate or the national curriculum of another country, such as the UK, France or Germany. The fees for these schools often match those of local private schools, and they’re a major financial consideration for expat families.
Education And Schools in New York City
International Schools in New York City
Cost of healthcare in New York City
Healthcare in New York City includes top-quality medical facilities, but this excellence comes at a price. When relocating to New York, you should establish whether your employer will provide you with health insurance coverage or whether you will need to organise this yourself. On average, employees cover 17 percent of premiums for single coverage and 29 percent for family coverage. Insurance typically covers most expenses, with a small co-payment required.
Cost of living in New York City chart
Prices may vary depending on the product and service provider. The list below shows average prices for New York City in May 2025.
Accommodation (monthly rent) | |
Three-bedroom apartment in the city centre | USD 8,900 |
Three-bedroom apartment outside the city centre | USD 5,200 |
One-bedroom apartment in the city centre | USD 5,300 |
One-bedroom apartment outside the city centre | USD 2,800 |
Food and drink | |
Dozen eggs | USD 5.75 |
Milk (1 litre) | USD 1.65 |
Rice (1kg) | USD 8.20 |
Loaf of white bread | USD 4.60 |
Chicken breasts (1kg) | USD 9 |
Local cheese (1kg) | USD 12.50 |
Eating out | |
Three-course meal for two at a mid-range restaurant | USD 130 |
Big Mac Meal | USD 14 |
Coca-Cola (330ml) | USD 2 |
Cappuccino | USD 7 |
Bottle of beer (local) | USD 8 |
Utilities/household | |
Mobile phone plan (monthly, with calls and data) | USD 40 |
Internet (uncapped ADSL or cable – average per month) | USD 70 |
Basic utilities (average per month for a standard household) | USD 250 |
Transportation | |
Taxi rate/km | USD 1.25 |
City-centre public transport fare | USD 2.90 |
Gasoline/petrol (per litre) | USD 1.00 |
What do expats say about the cost of living in New York City?
"New York is much more expensive than South Australia in general. The most expensive element being rent which is outrageously more expensive than anywhere else I’ve ever been. That being said, you can eat and go out for cheaper if you know where to go, it just takes being a bit more thrifty."
Read more of Josh’s expat interview about moving to New York City.
Further reading
►To learn more about managing money in the States, have a look at Banking, Money and Taxes in the USA
Are you an expat living in New York City, NY?
Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to New York City, NY. Please contact us if you'd like to contribute.
Expat Health Insurance
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Moving your family abroad is an exciting time, but for peace of mind you should make sure you get health insurance for you and your family. Cigna gives you access to the best health professionals in your destination, and has a Multilingual Customer Care team that you can call 24/7.
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