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. This can vary depending on the time of day, day of week, and the weather and road conditions. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). But even then, the price of groceries is going to significantly influence your cost of living. PayScale, a site that averages salaries for jobs that require bachelors degrees in both states, calculates average wages in New York City as comparable to Seattle. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. You could be looking at a positive net change in disposable income. And it adds up. As of the middle of 2018, Seattle ranked number 24 of all the cities measured in the world, while New York ranked 138. 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. Determine if you could maintain your current standard of living in a different city. 5 in U.S for public transportation availability. When evaluating offers, please review the financial institutions Terms and Conditions. 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. Meanwhile, the median home price in Los Angeles is $883,400 - 3.8% more than Seattle. Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio . 0.47. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. But even then, the price of groceries is going to significantly influence your cost of living. How to Get Preapproved for a Mortgage and Why It Matters. Quiz: Which NYC Borough Should You Live In? : -- 40.49%Cost Of Living for Family/Couple. For example, the cost of living in San Francisco is twice that of Boise, Idaho. Aside from median housing prices, let's take a look at how the cost of living compares in Seattle vs. Los Angeles. Compare Cities The cost of living in New York, New York is essentially the same as Seattle, Washington. Get a Salary Calculation for Seattle, Washington. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Our partners compensate us. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Commuters who use the Long Island Rail Road will pay between $140 and $500 every month for an unlimited pass. You could eat out less, cut back on takeout and cook more often. Pre-qualified offers are not binding. ET. Lets take a look. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. 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. Before you get the keys to your new home, you'll have to pay closing costs. When evaluating offers, please review the financial institutions Terms and 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. This allows riders to pay for the bus, Link light rail trains, the Sounder train, the Seattle streetcar and the King County water taxi. Our partners compensate us. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Price collection by city is conducted in strict conformance with standard specifications at specified times. Walkability and public transit scores were obtained fromWalk Score. That means the median price per square foot is around $494. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. Cost of Living Indexes: Seattle, WA: New York, NY: Difference: Overall Index: Homeowner, No Child care, Taxes Not Considered: 167.8: 168.6: 0.5% . Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. In Seattle, commuters use an ORCA card to get around. Seattle: $1,949. We help you decide by comparing all the largest . According to the latest BLS data, consumers average over $7,000 per year on food expenses. And it adds up. Seattle, Washington is one of the Worst cities in the United States for driving. Do not sell or share my personal information. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. United States vs United States According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. How Much Down Payment Do You Need to Buy a Home. 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. You could eat out less, cut back on takeout and cook more often. Factset: FactSet Research Systems Inc. 2018. Check out stores like Carrefour to buy items in bulk at a considerable savings. The cost of electricity in Washington has gone down by 1.608% in the past year. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. New York vs Seattle. We believe everyone should be able to make financial decisions with confidence. What is Hawaii's Cost of Living vs. New York? 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. 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. from the Council for Community and Economic Research. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Choosing the right mortgage can help make your home buying journey easier and more affordable. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Utilities tend to cost 25.95% higher. All times are ET. Do Not Sell. Here are two important questions and the numbers to you will need to answer those questions: How much more or less will it cost to live in the new city? If you are coming from New York, according to our data supplied by Numbeo below, Hawaii will seem cheaper to live. and 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. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 10 nationally. Do not sell or share my personal information. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. You could eat out less, cut back on takeout and cook more often. and 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. Renting in Seattle. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Here is a list of our partners. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. One tip to reduce this cost and your overall. When evaluating offers, please review the financial institutions Terms and Conditions. The cost of living in New York, New York is essentially the same as Seattle, Washington. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. According to the U.S. Census, there is large gap between the median annual household income for Seattlites and for New Yorkers. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Full cost of living comparison of Seattle, Washington vs New York City. 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. The above record is summarized from data provided by users and various references from internet. Seattle comes in eigth. Disclaimer: NerdWallet strives to keep its information accurate and up to date. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Seattle, Washington is considered to have a very good public transport system. The short answer is that they are more pro-business. How is this tool different from other resources out there? This information may be different than what you see when you visit a financial institution, service provider or specific products site. Price collection by city is conducted in strict conformance with standard specifications at specified times. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The average after-tax salary is enough to cover living expenses for 1.6 months in New York City compared to 2.1 months in Seattle. The cost of living in Los Angeles is 5% more expensive than in Seattle. To maintain your standard of living in New York (Manhattan), NY, you'll need a household income of: The cost of living is 59% higher in New York (Manhattan), NY, See New York (Manhattan)s complete City Life page. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. Hence this may not be a real signal. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. We believe everyone should be able to make financial decisions with confidence. Seattle Vs New York City Living Comparison As per the data from our users average cost of living in Seattle, Us is cheaper than New York City, Us. The median square footage of a home in Seattle is 1,420 square feet, according to the 2017 American Housing Survey. Here's how to know how much you really need. Washington is ranked NO. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Seattle Housing Options Homes For Sale Lowest Priced Homes Largest Homes There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 100 = US Average. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. What will your monthly mortgage payment be. You could eat out less, cut back on takeout and cook more often. to take with them during the transition. Looking to buy? 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. All Rights Reserved.Terms Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Seattle . Ranked 2nd vs 24th best cities to live in the United States, and 23rd vs 113th among the best cities to live in the world. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. Some people purchase a season ticket with a group of friends and take turns going to the games. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. All rights reserved. Its not exactly affordable to rent a 1-bedroom in either city. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. There are ways to trim that down. Weekly trips to the grocery store can add up, especially if food costs are high where you live. That's probably because we're measuring average costs for the larger metro area, not just the city limits. Seattle, Washington has on average 149 days per years with rain. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The cost of living in New York City is 29% more expensive than in Seattle. Coming up with the cash for a down payment is the biggest roadblock for most home buyers.