NYC LIVING · BUDGET & OWNERSHIP

What it costs to live in New York.

A clearer picture of everyday life, the budget behind it, and the next step toward owning a home.

Make room for the life you want.

Compare the City’s 2022 benchmark with adjustable ELIKA planning assumptions, then explore a home-ownership scenario.

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Adults

For households where every adult is under 65.

City benchmarks cover adults under 65. With children, its two-adult selection represents the report’s two-or-more-adult group. “3+” uses the City’s three-or-more benchmark; the ELIKA scenario models three children.

Children

City view: the household total is citywide. Borough selection updates the comparison below, not the official household total.

Your numbers

Editable planning assumptions, not a survey of household spending.

Your combined federal, New York State and New York City rate, as a share of total income.

Borough comparison

Annual budget by category

    NYC True Cost of Living figures: NYC Mayor’s Office of Equity & Racial Justice and the Urban Institute, NYC True Cost of Living Measure, inaugural report (March 2026), Tables 2–3 and Section 4. City benchmarks are medians in 2022 dollars, not current market prices. Chart categories are proportionally scaled illustrations, not exact household-level City amounts. ELIKA values are editable planning assumptions and are not inflation-adjusted to the City’s 2022 benchmark. The City measure includes resources such as employer health contributions; it is not necessarily a cash-salary requirement. Estimates for planning only, not tax or financial advice.

    OWNERSHIP · 5, 7 OR 10 YEARS

    See what owning a home adds to the budget.

    Once the household budget is in view, model financing, property taxes, common charges, upkeep and the equity you contribute to a New York home over time.

    Paired planning tool · Ownership costsExplore True Cost of Homeownership