The cost of living in New York is higher than the national average. State of New York salaries average $67,940.00, indicating a pay rate that is higher than the U.S. average annual salary by $14,319.00.
The consumer price index (CPI) of 261 in New York is 6.53% higher than the U.S. city average CPI of 245. The sales tax is 4.00%.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average New York annual salary, sales tax rates and the regional consumer price index.
