How much does it cost to live in an apartment in New York?
Henry Morales
Published Mar 12, 2026
Cost of Renting in New York According to a March 2019 report from Apartment List, the median rent for a two bedroom apartment is $2,499 in New York city. Studio and one bedroom apartments come in at $1,889 and $2,098 a month, respectively.
Is it cheaper to live in New York or LA?
Conclusion: Overall, LA Wins That’s a different story than calling LA “cheaper” than New York. They’re both expensive cities with a higher cost of living than most other places in the US, but what you can get for your money on the West Coast is simply more than the East Coast alternative.
How can I get a cheap apartment in NYC?
PRESENTING: The Only 4 Ways To Get A Cheap Apartment In New York City
- Apply for inclusionary housing lotteries and cross your fingers.
- Find a rent-regulated apartment and hope market rents go up.
- Get on waiting lists for middle-income “Mitchell-Lama” housing.
Is LA or NYC more dangerous?
Based on the most recent FBI data that ranks U.S. cities by their violent crime rate, Los Angeles ranks 35th (similar to Orlando) while New York ranks 62nd (similar to Colorado Springs). Obviously, both are pretty safe. In L.A., only 0.7% of residents will become a victim.
Is it better to live in NYC or LA?
In terms of salaries, NYC has more high-paying jobs, but the cost of living is much higher compared to LA. Verdict: It depends on your situation. If you’re in tech LA might be better, while if you’re an investment banker, NYC would be the logical choice.
How much does a house cost in NYC?
The median price of homes currently listed on the market is a whopping $779,000, according to Zillow. The median asking price of Manhattan homes in November 2019 was $1.6 million, according to StreetEasy’s Price Index metric; in Brooklyn, it was a little over $969,000.
Can you live in NYC on 140K a year?
A salary of $140K is fine to have some disposable income and live comfortably. It’s an expensive city but there are tons of inexpensive options for food, take the subway instead of cabs, live within your means, etc.
