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NYC Needs $184K Salary for Comfortable Living: Study

10/12/2025

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Summary

Story summary

GOBankingRates finds that living comfortably in New York City requires an annual salary of $184,420 under the 50/30/20 rule.
The study estimates basic living costs in New York City at about $92,210.
New York ranks as the fifth most expensive U.S. city, after San Jose, San Francisco, San Diego, and Los Angeles.
The report notes the data may be biased by using mortgage costs instead of rental prices.

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Story summary

GOBankingRates finds that living comfortably in New York City requires an annual salary of $184,420 under the 50/30/20 rule.
The study estimates basic living costs in New York City at about $92,210.
New York ranks as the fifth most expensive U.S. city, after San Jose, San Francisco, San Diego, and Los Angeles.
The report notes the data may be biased by using mortgage costs instead of rental prices.