New York City—bright lights, endless hustle, and a melting pot of cultures. It's the city that never sleeps and is often at the top of the list of most desirable places to live. But let’s be honest: it also tops the list of the most expensive cities in the world.

So here’s the big question: how much money do you need to live comfortably in NYC in 2025?

Whether you're moving for a job, chasing a dream, or simply craving the Big Apple lifestyle, this guide provides a realistic look at what it takes not just to survive—but to thrive—in New York City.

From rent and groceries to subway rides and date nights, you'll learn how much cash it takes to enjoy a lifestyle that’s balanced, fun, and sustainable in this iconic city.

Photo: unsplash.com/@lucabravo

NYC consistently ranks among the most expensive cities in the U.S. and the world. According to Numbeo, living in New York City is 38% more expensive than living in Los Angeles and 76% more than the national average.

Here’s how NYC compares to other major US cities in 2025:

City & Average Monthly Rent (1BR)

New York City $3,800
Los Angeles $2,600
Chicago $2,200
Austin $1,900
Miami $2,000

Experts from SmartAsset and MIT’s Living Wage Calculator suggest that a single adult in NYC needs to earn at least $82,000/year to live comfortably. But if you want more breathing room for savings and social life, a safer benchmark is:

$100,000 per year (or $8,300/month pre-tax)

Here’s why:

Rent: ~$3,500
Utilities & Internet: ~$250
Groceries: ~$600
Transport: ~$130
Dining & Entertainment: ~$500
Insurance & Health: ~$400
Miscellaneous & Savings: ~$1,000

If you’re a family of four, the comfort threshold jumps dramatically to $190,000–$220,000/year depending on childcare, school choices, and lifestyle.

Housing Costs: Rent and Real Estate Trends in 2025

Housing is where NYC gets you.

In 2025, here are the average rental prices:

Type of Apartment - Average Rent (Monthly)

Studio (Manhattan) $3,200

1-Bedroom (Brooklyn) $3,000

2-Bedroom (Queens) $3,500

3-Bedroom (Bronx) $2,800

Luxury High-Rise $5,500+

Photo: unsplash.com/@carlsolder

Want to buy? Expect median home prices to be well above $800,000 to $1.2 million, depending on the borough.

Pro tip: Many newcomers to NYC save by renting in the outer boroughs or opting for shared housing with roommates.

Utilities and Monthly Expenses (Internet, Electricity, Water, Trash)

Utilities in NYC vary by season, especially due to heating in winter and AC in summer.

Electricity: $60–$120

Gas/Heating: $80–$150 (higher in winter)

Water: Often included in rent

Trash Collection: Included

Internet: ~$60–$75/month (Spectrum or Verizon)

Altogether, expect to spend $200–$300/month on utilities, depending on your apartment size and habits.