City life comes with a lot of dollar signs — especially in Manhattan.
The cost of living in New York City is at least 68% higher than the US average, according to SmartAsset. If you think that’s a lot, the cost of living in Manhattan specifically is more than double the national average.
At the center of it all is New York City’s high-cost housing market. Asking rents in New York City increased by 33% from December 2009 to June 2017 at roughly 3.9% a year, reports StreetEasy.