Cost of Living in New York: List of New York Cost of Living Expenses

1. Accommodation

The sky-high housing market of New York is the primary reason for the high cost of living. The average cost of buying a property in New York is $ 4,04,000. NYC is a large city that is divided into boroughs, and the monthly rents of the living space vary from region to region. The table below shows the approximate monthly rent of different types of accommodation –

Classification of Accommodation	Rent Per Month
Studio	$ 1,900
1 BHK	$ 2,100
2 BHK	$ 2,500
3 BHK	$ 3,200

2. Groceries

New York has several local markets and supermarkets from where one can buy affordable to premium grocery products. Even the cost of grocery items varies from region to region within the city.

Grocery Items	Approximate Cost
Milk (1 litre)	$ 1
White bread (1 loaf)	$ 4
White rice (1 kilogram)	$ 5
Eggs (1 dozen)	$ 3
Cheese (200 grams)	$ 15
Chicken breast (1 kilogram)	$ 14
Apples (1 kilogram)	$ 6
Bananas (1 kilogram)	$ 3
Oranges (1 kilogram)	$ 6
Tomatoes (1 kilogram)	$ 6
Potatoes (1 kilogram)	$ 4
Onions (1 kilogram)	$ 4

3. Transportation

New York's public transportation system is one of the world's most comprehensive systems. The maximum number of residents in NYC commutes to their institutions and workplaces using public transport, walking or biking.

Fuel Cost/Transportation Service	Approximate Cost
One-way ticket (public transport)	$ 3
Monthly pass (public transport)	$ 130
Taxi 1 km normal tariff	$ 2
Price of diesel (as of 21st February 2022)	$ 1.12 per litre
Price of gasoline (as of 21st February)	$ 1.08 per litre
Cabs (minimum cost)	$ 2.50

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4. Utilities

The basic utilities such as electricity connection, gas supply, mobile prepaid and unlimited internet package impact the cost of living in New York per month. Nevertheless, the cost of utilities widely varies depending on an individual's personal preferences, the housing type and apartment lease agreement.

Utilities	Approximate Cost
Electricity, cooling, heating, water, garbage	$ 166
Local prepaid mobile tariff (1 min)	$ 0.11
Unlimited internet package	$ 66

5. Entertainment and Leisure

There are numerous options to entertain yourself in this megacity. On weekends, the subway platforms across NYC become stages for different kinds of dance and musical performances. This is by far the cheapest mode of entertainment in the city. You can also visit a pub or a nightclub to enjoy yourself; however, these cost a lot of money.

Area of Expense	Approximate Cost
1 month gym membership	$ 106
1 hour rent for a tennis court	$ 43
1 seat at a cinema hall	$ 18
Meal in an affordable restaurant (1 person)	$ 20
Three-course meal in a mid-range restaurant	$ 100
McMeal at McDonald's	$ 10

6. Childcare and Schooling

There are numerous reputed schools and universities in NYC that impart world-class education to the students. The table below shows the approximate cost of schools and kindergartens in the city –

Schools and Childcare	Approximate Cost
Preschool, private, full-day for 1 child	$ 2,400
International primary school for 1 child	$ 40,000

Furthermore, the best schools in New York are mentioned in the table below –

Name of School	Curriculum
Avenues: The World School, New York	Adapted
British International School (The)	National Curriculum for England
Columbia Grammar and Prep School	American
Dwight School (The), New York	PYP
Horace Mann	American
Nord Anglia International School of New York	International Primary
United Nations International School	Adapted