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Cost of living in New York-Newark-Jersey City, NY-NJ vs US average (2024)

Quick answer

Prices in New York-Newark-Jersey City, NY-NJ were 12.6% above the US average in 2024 (Regional Price Parity 112.6, US = 100), with a housing-rent index of 148.6, per the U.S. Bureau of Economic Analysis.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities (2024)

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities (2024)

CategoryPrice index (US = 100)
All items112.563
Goods110.261
Housing (rents)148.616
Utilities127.018
Other services105.836
— All items by year —
2024112.563
2023112.645
2022112.987
2021114.810
2020115.572
2019114.899

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Last updated 2026-10-16. Data only, not financial or tax advice.

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