Walkability and public transit scores were obtained fromWalk Score. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your. The sales tax for Seattle is 6.5%. Seattle: $1,949. Do not sell or share my personal information. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Chicago . This can vary depending on the time of day, day of week, and the weather and road conditions. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. As per the data from our users average cost of living in Seattle, Us is expensive/cheaper than New York City, Us. All financial products, shopping products and services are presented without warranty. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. If you can't find a city, you can type the state name to see all cities available in that state. What is Hawaii's Cost of Living vs. New York? A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. We help you decide by comparing all the largest . A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. But even then, the price of groceries is going to significantly influence your cost of living. Your use of this service is subject to our How to Get Preapproved for a Mortgage and Why It Matters. According to the latest BLS data, consumers average over $7,000 per year on food expenses. In New York, a ride on the subway costs $2.75. New York. How is this tool different from other resources out there? That comes out to about $130 per month for adults who commute each way to work. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Looks like this move could have a negative net change in disposable income. > Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Our partners cannot pay us to guarantee favorable reviews of their products or services. Privacy Policy. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. : -- 40.49%Cost Of Living for Family/Couple. Find out what is the real equivalent in Seattle, Washington of your current salary and improve your chances of a happy relocation. Get matched with a top agent in your area. How much more or less will pay for the same or similar job be in the new city? Get free guidance on changes you can make to afford more home, without spending more. NEW YORK New York City is staring down the worst affordability crisis of the past two decades, according to a report released Tuesday. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Seattle, Washington is ranked number 96 out of 100 major cities. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. How to Get Preapproved for a Mortgage and Why It Matters. Privacy Policy. 5 in U.S for public transportation availability. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Plan on spending more on gas and auto expenses if you move to New York, resulting in a higher, In New York, the average commute time is about 42.53 minutes. Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Walkability and public transit scores were obtained fromWalk Score. Above 100 means more expensive.) Get free guidance on changes you can make to afford more home, without spending more. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. You would have to earn a salary of $79,790 to maintain your current standard of living. This assumes net earnings (after income tax). Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Terms of Use and The New York Times. Cities ranked 3rd and 64th ($3723 vs $2881) in the list of the most expensive cities in the world and ranked 1st and 52nd in the United States. You could eat out less, cut back on takeout and cook more often. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. NerdWallet strives to keep its information accurate and up to date. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. vs. $2881. What is the breakdown of the cost of living? For example, the cost of an unlimited MetroCard in New York was obtained from the. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. That's probably because we're measuring average costs for the larger metro area, not just the city limits. Pricing for various packages can vary a lot even in the same location. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Updated on Apr 2023. . Weekly trips to the grocery store can add up, especially if food costs are high where you live. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Do Not Sell. 1.3C higher average maximum temperature? All financial products, shopping products and services are presented without warranty. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. In a study for the American Enterprise Institute, Mark J. Perry compared the top 10 states people were flocking to in 2021 with the top 10 . Seattle has the 10th cost of living in the United States ranking at 89.33 on the cost of living index. > You should factor this commuting time into your overall, The cost of a monthly transit pass in New York, NY is around $116.50. A full half of the city's . Here are two important questions and the numbers to you will need to answer those questions: How much more or less will it cost to live in the new city? Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Yes, cost of food is important as we all have to eat! NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Cost of Living Comparison Between Seattle, WAand New York, NY You would need around 9,112.9$in New York, NYto maintain the same standard of life that you can have with 7,500.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. . The sales tax for New York is 4%. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. New York is ranked number 94 out of 100 major cities. Sources: Wikipedia, CIA World Factbook, 2023. income inequalities. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 You could eat out less, cut back on takeout and cook more often. If you prefer to download the image, please credit us as a source. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. The cost of living in Los Angeles is 5% more expensive than in Seattle. Housing Cost 56.33% Higher The rule of thumb is not to spend more than 30%. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. The cost of living in Seattle, WA is -24.8% lower than in New York, NY. All times are ET. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Weekly trips to the grocery store can add up, especially if food costs are high where you live. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Proximity to employment is an important consideration because it can drastically impact your cost of living. Here's how to know how much you really need. Cost of Living Indexes: Seattle, WA: New York, NY: Difference: Overall Index: Homeowner, No Child care, Taxes Not Considered: 167.8: 168.6: 0.5% . Proximity to employment is an important consideration because it can drastically impact your cost of living. So how do we make money? Comparisons improve with every new data that you enter. There are ways to trim that down. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Choosing the right mortgage can help make your home buying journey easier and more affordable. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. New York City . Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. But even then, the price of groceries is going to significantly influence your cost of living. This can vary depending on the time of day, day of week, and the weather and road conditions. Make sure you budget for these types of expenses and include them in the first years. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. That could potentially change the median income in New York, though only time will tell. What is the breakdown of the cost of living? The quality of life index is an average of several different indices, including purchasing power, safety, health care, cost of living, property price-to-income ratio, traffic commute time, pollution and climate. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Fares vary depending on mode of transit and distance, but average $2.75 per trip. Seattle Vs New York City Living Comparison As per the data from our users average cost of living in Seattle, Us is cheaper than New York City, Us. Check out stores like Carrefour to buy items in bulk at a considerable savings. Meanwhile, the median home price in Los Angeles is $883,400 - 3.8% more than Seattle. Your use of this service is subject to our, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. This is the tax that you will pay on things that you buy. Cost of Living Comparison Between Seattle, WAand San Francisco, CA You would need around 8,747.0$in San Francisco, CAto maintain the same standard of life that you can have with 7,600.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Cost of Living in Vaughan: 16.10 miles: Cost of Living in Richmond Hill: 22.87 miles: Cost of Living in Oakville: 25.57 miles: Cost of Living in Brampton: 27.62 miles: Cost of Living in Whitby, ON: 33.84 miles: Cost of Living in Burlington: 34.94 miles: Cost of Living in Oshawa: 35.88 miles: Cost of Living in Hamilton: 44.17 miles: Cost of . While renting may often be better than buying in the Seattle area, it isn't necessarily cheap. Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. The News. An unlimited monthly SmartLink card, which allows access to the PATH, costs $89. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking.