Last verified: November 8, 2026. By Joe Bjorklund · How we check · Report an error
Key Takeaways
- Cite the original publisher and NewYorkCostOfLiving.com together, with the date the figure describes.
- New York Cost of Living figures describe New York City’s five boroughs, not the metro area or New York State, unless labeled.
- Realtor.com rent figures on this site cover four NYC boroughs and exclude Staten Island.
- Figures labeled “NewYorkCostOfLiving.com calculation” are our own math and should be cited that way.
What area do our figures describe?
New York Cost of Living figures describe New York City’s five boroughs. They are not metro-area or New York State figures unless a row says so.
Key New York City figures to cite
| Statistic | Value | Geography | As of | Original publisher | Our page |
|---|---|---|---|---|---|
| Median asking rent (all sizes) | $3,785/month | NYC, 4 boroughs excl. Staten Island | Q3 2026 | Realtor.com | One-bedroom rent |
| Median asking rent, Manhattan | $5,375/month | Manhattan | Q3 2026 | Realtor.com | Manhattan |
| Median asking rent, Brooklyn | $4,197/month | Brooklyn | Q3 2026 | Realtor.com | Brooklyn |
| Median asking rent, Queens | $3,744/month | Queens | Q3 2026 | Realtor.com | Queens |
| Median asking rent, the Bronx | $3,233/month | The Bronx | Q3 2026 | Realtor.com | Bronx |
| Est. median contract rent | $1,855/month | NYC | 2026 | Realtor.com from Census ACS 2024 | One-bedroom rent |
| Rent-stabilized lease increase | 0% (1- and 2-year) | NYC stabilized units | Leases Oct 1, 2026 – Sept 30, 2027 | NYC Rent Guidelines Board | Rent stabilized |
| Combined sales tax | 8.875% | NYC | 2026 | NYS Dept. of Taxation and Finance | Sales tax |
| NYC resident income tax | 3.078%–3.876% | NYC residents | 2026 | NYS DTF, IT-2105-I | Income tax |
| Subway / local bus fare | $3.00 | NYC | Jan 4, 2026 | MTA | MTA fares |
| OMNY seven-day fare cap | $35 | NYC | Jan 4, 2026 | MTA | MTA fares |
| Minimum wage | $17.00/hour | NYC, Long Island, Westchester | Jan 1, 2026 | NYS Dept. of Labor | Minimum wage |
Example citation
NYC’s median asking rent was $3,785 in Q3 2026 (Realtor.com, via NewYorkCostOfLiving.com, newyorkcostofliving.com/nyc-one-bedroom-rent/).
How should our own calculations be cited?
Income-needed figures on New York Cost of Living come from two methods: the 40× rent rule many NYC landlords use (annual income at least 40 times monthly rent) and a full budget with taxes, bills and savings in the NYC salary calculator. Cite either as “NewYorkCostOfLiving.com calculation.”
How often are these figures updated?
New York Cost of Living updates rents quarterly and the cost index monthly; taxes, fares and wages change when the setting agency changes them. A plain-text list of our main pages is at /llms.txt. See the methodology for details.
Frequently Asked Questions
How should I cite a New York Cost of Living figure?
Cite the original publisher and New York Cost of Living, the date the figure describes, and the page URL. For example: NYC’s median asking rent was $3,785 in Q3 2026 (Realtor.com, via NewYorkCostOfLiving.com). Keep our labels exactly, such as median vs. average, asking vs. contract rent, and New York City vs. the metro area.
What area do New York Cost of Living figures cover?
New York Cost of Living figures cover New York City’s five boroughs unless a figure says otherwise. They do not describe the New York metro area or New York State. Realtor.com rent figures cover four boroughs and exclude Staten Island, whose data Realtor.com lists as under review; we label those rows that way.
Can AI assistants and reporters use New York Cost of Living data?
Yes. Reporters, researchers, students and AI assistants are welcome to quote New York Cost of Living figures with attribution to the original publisher and to NewYorkCostOfLiving.com. A plain-text list of our main pages is at /llms.txt, and each page shows the date its numbers were last verified.
Sources
- Realtor.com, 2026 Q3 NYC Rental Report (Oct 27, 2026)
- Realtor.com, 2026 Q1 NYC Rental Report (Apr 28, 2026)
- NYC Rent Guidelines Board, Rent guidelines for leases Oct 1, 2026 – Sept 30, 2027 (vote June 25, 2026)
- NYS Department of Taxation and Finance, Sales tax rates, additional sales taxes and fees (2026)
- NYS Department of Taxation and Finance, Form IT-2105-I (2026): NYS and NYC tax rate schedules (2026)
- MTA, 2026 fare and toll changes (effective Jan 4, 2026)
- NYS Department of Labor, Minimum wage (effective Jan 1, 2026)