Quick answer
Overall prices in the New York, NY metro were 112.6 vs 103.3 in Phoenix, AZ in 2024 (US = 100), so New York is 9.0% more expensive than Phoenix; housing rents differ by 23% (148.6 vs 121.2). A $75,000 income in New York buys about what $68,839 buys in Phoenix, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Phoenix | New York vs Phoenix |
|---|---|---|---|
| All items | 112.6 | 103.3 | +9.0% |
| Goods | 110.3 | 95.0 | +16.0% |
| Housing (rents) | 148.6 | 121.2 | +22.6% |
| Utilities | 127.0 | 93.3 | +36.1% |
| Other services | 105.8 | 104.0 | +1.7% |
| All items, 2008 | 113.5 | 105.7 | +7.4% |
| $50,000 in New York equals in Phoenix | $45,893 | ||
| $100,000 in New York equals in Phoenix | $91,785 | ||
| $150,000 in New York equals in Phoenix | $137,678 |
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Last updated 2026-10-16. Data only, not financial or tax advice.