Financial Profile: New York
Financial landscape, tax rates, cost of living, and median income scoring for New York residents.
New York at a Glance
Avg Salary
$74,000
Cost of Living
123
Top Tax Rate
10.9%
Adjusted Income
$60,162
Monthly Take-Home
$4,346
Max Rent (30%)
$1,850
Financial Genome at Median Income
Scores calculated for someone earning $74,000/yr in New York with typical expenses.
PPI
48
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in New York: Financial Overview
New York has rates from 4% to 10.9%. NYC residents also pay city income tax of 3.08-3.88%.
- High state tax
- NYC adds 3-4% more
- Highest earning potential
Major Cities
New York City, Buffalo, Rochester, Albany
With a cost of living index of 123 (above the national average of 100), expenses are higher in New York. A $60,000 salary here has the purchasing power equivalent of only $48,780 in an average-cost area.
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See your personalized Financial Genome scores based on your actual income and expenses in New York.
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