According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Compare Cities Seattle . Seattle, Washington is ranked number 96 out of 100 major cities. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. In NYC, the median size of a home is 1,100 square feet, bringing the median price per square foot to approximately $909. . Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. What is Hawaii's Cost of Living vs. New York? You could be looking at a positive net change in disposable income. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. Comparisons improve with every new data that you enter. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. Eastern New Jersey commuters can take the PATH train for $2.75 a ride. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Get your true budget and find a home with ease. Pricing for various packages can vary a lot even in the same location. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Its just a hair longer than that in Seattle. 0.47. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. As of the middle of 2018, Seattle ranked number 24 of all the cities measured in the world, while New York ranked 138. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Commuters who rely on the subway every day will opt for an unlimited MetroCard, at $121 per month, which nets out to $1,452 annually. New York housing costs are 23.2% less expensive than Seattle housing costs. Determine if you could maintain your current standard of living in a different city. Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Price collection by city is conducted in strict conformance with standard specifications at specified times. Public transit in Seattle, WA will cost you around $99.00 per month. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Your use of this service is subject to our , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Seattle 50 %. How does New York compare to Seattle? The median rent for a 1-bedroom in both Seattle and New York is higher than Zillows nationwide rent index, which was last recorded at$1,311 per month. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Get free guidance on changes you can make to afford more home, without spending more. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. If you are coming from New York, according to our data supplied by Numbeo below, Hawaii will seem cheaper to live. Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Morningstar: 2018 All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 $2975. This is higher than Los Angeles which has the 18th highest cost of living in the United States, coming in at 78.91 on the index. The cost of living in New York, NY is 33.0% higher than in Seattle, WA. While other resources provide basic cost comparisons. Get free guidance on changes you can make to afford more home, without spending more. Seattle. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. The cost to move a 2 to 3 bedroom home will range from $5,262 to $10,566, and a 4-bedroom move or bigger move from Seattle to New York City will cost from $9,903 to $16,374. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The sales tax for New York is 4%. To reflect the differences in the cost of living and inflation rates, we show the GDP at purchasing power parity (PPP). Copyright 2009-2023 Numbeo. In Seattle, commuters use an ORCA card to get around. NEW YORK New York City is staring down the worst affordability crisis of the past two decades, according to a report released Tuesday. Some people purchase a season ticket with a group of friends and take turns going to the games. All rights reserved. If the weather is bad, commute time can double! One tip to reduce this cost and your overall. In a study for the American Enterprise Institute, Mark J. Perry compared the top 10 states people were flocking to in 2021 with the top 10 . How Much Down Payment Do You Need to Buy a Home. Seattle . So how do we make money? Pre-qualified offers are not binding. When evaluating offers, please review the financial institutions Terms and Conditions. Proximity to employment is an important consideration because it can drastically impact your cost of living. from the Council for Community and Economic Research. NerdWallet strives to keep its information accurate and up to date. Seattle, WA vs New York, NY, Copyright 2009-2023 Numbeo. This is the tax that you will pay on things that you buy. Choosing the right mortgage can help make your home buying journey easier and more affordable. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Check out stores like Kroger to buy items in bulk at a considerable savings. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. You should factor this commuting time into your overall. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. If you're looking for a one-bedroom then the median rental cost is $1,700. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. Crowdsourced data is a vital part of the Internet, help us become better! Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. from the Council for Community and Economic Research. Its official: New York beats out even the hometown of Starbucks when it comes to good coffee. Cost of Living Comparison Between Seattle, WAand San Francisco, CA You would need around 8,747.0$in San Francisco, CAto maintain the same standard of life that you can have with 7,600.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Youll get more bang for your buck in Seattle. You would have to earn a salary of $45,118 to maintain your current standard of living. The same type of job in the same type of company in Seattle, WA will typically pay $56,344 . Meanwhile, the median home price in Los Angeles is $883,400 - 3.8% more than Seattle. There are ways to trim that down. Scientists have long known that dense breast tissue is linked to an increased risk of breast cancer in women. New York is ranked NO. If you can't find a city, you can type the state name to see all cities available in that state. This comparison is based on abundant and consistent data. This information may be different than what you see when you visit a financial institution, service provider or specific products site. We help you decide by comparing all the largest . Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. How much are moving container companies from Seattle to New York City? On average, Los Angeles loses 75 . Walkability and public transit scores were obtained fromWalk Score. to take with them during the transition. According to the latest BLS data, consumers average over $7,000 per year on food expenses. and/or its affiliates. Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio . Get your true budget and find a home with ease. In New York, a ride on the subway costs $2.75. ), 1 min. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. When evaluating offers, please review the financial institutions Terms and Conditions. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Personal finance 101 suggests that spending over 30 percent of your income on housing is unaffordable for the typical renter. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. The average cost of living in Seattle is $2881, which is in the top 0.7% of the most expensive cities in the world, ranked 64th out of 9294 in our global list, 52nd out of 2202 in the United States and 3rd out of 54 in Washington. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Yes, cost of food is important as we all have to eat! Pre-qualified offers are not binding. Proximity to employment is an important consideration because it can drastically impact your cost of living. Commuters who live in the northern suburbs and Connecticut can take MetroNorth, which costs between $60 and $500 for a monthly pass, depending on the line and length of the commute. Cost of Living by State Alabama Alaska Arizona 18.2C vs 16.9C; . To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. And it adds up. Commuters who use the Long Island Rail Road will pay between $140 and $500 every month for an unlimited pass. Quiz: Which NYC Borough Should You Live In? Price collection by city is conducted in strict conformance with standard specifications at specified times. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Above 100 means more expensive.) Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your. As per the data from our users average cost of living in Seattle, Us is expensive/cheaper than New York City, Us. We believe everyone should be able to make financial decisions with confidence. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Since he has 2 children, he needs to have a large apartment. Please consider telling us about your city. Sometimes you can get discount tickets on line. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall, from Seattle, WA with a salary of $60,000, View Minimum Wage Values in Seattle and New York Compared with the Cost of Living. Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. 2021 It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. All financial products, shopping products and services are presented without warranty. This can vary depending on the time of day, day of week, and the weather and road conditions. from New York, NY with a salary of $60,000, View Minimum Wage Values in New York and Seattle Compared with the Cost of Living. Because the price of goods and services varies from one city to the next, calculating the. from the Council for Community and Economic Research. Home Prices in Seattle. This allows riders to pay for the bus, Link light rail trains, the Sounder train, the Seattle streetcar and the King County water taxi. All Rights Reserved.Terms Using these numbers, we calculated the net change in annual disposable income that a move to the new city will have on your wallet and lifestyle. There are ways to trim that down. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. A comparison of the Cost of Living indexes across major US Cities compared to the national average. According to the latest BLS data, consumers average over $7,000 per year on food expenses. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. Seattle, WA is the 7 th most expensive city of database of 304 cities Cost Of Living Housing Costs Median 2-bedroom apartment rent $2,970 Median home price (3BR, 2BA) $921,344. You would have to earn a salary of $79,790 to maintain your current standard of living. Seattle, Washington is considered to have a very good public transport system. But even then, the price of groceries is going to significantly influence your cost of living. "Cost of living" is the amount of money you need to sustain a certain lifestyle in a given place. What is the breakdown of the cost of living? If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Its not exactly affordable to rent a 1-bedroom in either city. Health related expenses are 44.7% more in New York. Housing Cost 56.33% Higher The rule of thumb is not to spend more than 30%. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. How is this tool different from other resources out there? When evaluating offers, please review the financial institutions Terms and Conditions. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Walkability and public transit scores were obtained fromWalk Score. . That could potentially change the median income in New York, though only time will tell. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Price collection by city is conducted in strict conformance with standard specifications at specified times. Make sure your child has a favorite toy, doll, game, clothing, blanket, snacks, etc. Utilizing public transportation could reduce commuting costs in Seattle, Washington. Seattle has the 10th cost of living in the United States ranking at 89.33 on the cost of living index. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Get a Salary Calculation for Seattle, Washington. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Make sure you budget for these types of expenses and include them in the first years. In this video, we're comparing the costs of living in New York and Charleston and shocking results might shock you!We'll compare the costs of living, housing. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. How is this tool different from other resources out there? The average after-tax salary is enough to cover living expenses for 1.8 months in Los Angeles compared to 2.8 months in Seattle. Even if your employer is covering the cost of a move, there will still be costs that are not covered. Weekly trips to the grocery store can add up, especially if food costs are high where you live. The News. Disclaimer: NerdWallet strives to keep its information accurate and up to date. A WarnerMedia Company. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. St. Charles Mo: The Big Debate of Renting vs BuyingWhether you're a renter or a buyer, there's a big debate going on in St. Charles Mo. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Once you understand what they cover, they'll look less overwhelming. You could eat out less, cut back on takeout and cook more often. The cost of living in Seattle, WA is -24.8% lower than in New York, NY. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. > Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Walkability and public transit scores were obtained fromWalk Score. By comparison, 45 percent of New Yorkers spent 35 percent or more of their gross income on rent. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). In Seattle, Washington I go to a lot of Seattle Mariners games. Looking to buy? But even then, the price of groceries is going to significantly influence your cost of living. There are ways to trim that down. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. And for what its worth, New York also has the most donut shops per capita. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Aside from median housing prices, let's take a look at how the cost of living compares in Seattle vs. Los Angeles. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. A two-bedroom apartment averages out to $2,055 per . The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. That's probably because we're measuring average costs for the larger metro area, not just the city limits. How Much Down Payment Do You Need to Buy a Home. A small new toy, book, or video that you give to your child when you arrive might help them to feel happy and relaxed in the new location. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Price collection by city is conducted in strict conformance with standard specifications at specified times. Disclaimer. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Full cost of living comparison of Seattle, Washington vs New York City. This information may be different than what you see when you visit a financial institution, service provider or specific products site. A study published on Thursday in JAMA Oncology adds a new twist, finding that while . This means that when it comes to having the most coffee shops, coffee houses and cafes per capita, New York prevails, with Seattle sitting just ahead of Portland and San Francisco. Prices for goods and services in New York City and Seattle are partly crowdsourced by our visitors, just like yourself. You should factor this commuting time into your overall, The cost of a monthly transit pass in New York, NY is around $116.50. Our partners compensate us. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. A full half of the city . Everything to Know About Buying Your First Home in NYC, Own or Sell Your NYC Home Confidently With StreetEasy's New, Personalized Owner Dashboard, How to Find a Rent-Stabilized NYC Apartment, median size of a home is 1,100 square feet, plans to add 25,000 jobs at a new campus in Long Island City, New York is rated number one among the best coffee cities in the country according to WalletHub, Barbara Walters' Upper East Side Apartment Lists for $19.75M, Driving in New York: A Guide to Owning (and Parking) a Car in NYC, 7 Jaw-Dropping Historic Mansions in New York City, 442-H New York Standard Operating Procedures. And it adds up. For example, the cost of an unlimited MetroCard in New York was obtained from the. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. If you are planning to drive to work, you will be spending a lot of time and gas to get there. Towels, soap, a few basic kitchen utensils and food items like crackers, tea, juice, will make your new location functional as soon as you arrive and fell more like home. (New York wins the top spot for most traffic jams). And it adds up. The tickets are expensive and add to my entertainment expenses, increasing my, The average cost of internet access in the U.S. is $66.20 per month. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. In both Seattle and New York, renters often spend above the affordability threshold. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. How to Get Preapproved for a Mortgage and Why It Matters.