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New York, NY vs Nassau-Suffolk, NY
A 2-bedroom in Nassau-Suffolk costs $163 less per month than New York ($2,747 vs $2,910). Median income is $97,334 in New York and $97,334 in Nassau-Suffolk. That's a difference of $1,956 per year in housing costs.
Side-by-Side Comparison
| Metric | New York | Nassau-Suffolk |
|---|---|---|
| Studio FMR | $2,529 | $1,992 |
| 1BR FMR | $2,655 | $2,379 |
| 2BR FMR | $2,910 | $2,747 |
| 3BR FMR | $3,644 | $3,563 |
| 4BR FMR | $3,959 | $3,768 |
| Median Income | $97,334 | $97,334 |
| Rent Burden | 35.9% | 33.9% |
| Actual Median Rent | $1,780 | $1,780 |
| Median Home Value | $587,400 | $587,400 |
| Population | 19.8M | 19.8M |
| Renter % | 48.5% | 48.5% |
| Vacancy Rate | 7.9% | 7.9% |
| Poverty Rate | 12.4% | 12.4% |
| YoY Change | +5.7% | +9.5% |
| Min Wage | $15.50/hr | $15.50/hr |
Income Required to Afford a 2-Bedroom
New York, NY
Annual Income Needed
$116,400
Hourly Wage Needed
$56/hr
Min Wage Work Hours/Week
144.4 hrs
at $15.50/hr (NY min wage)
Nassau-Suffolk, NY
Annual Income Needed
$109,880
Hourly Wage Needed
$53/hr
Min Wage Work Hours/Week
136.3 hrs
at $15.50/hr (NY min wage)
Frequently Asked Questions
Nassau-Suffolk, NY is more affordable with a 2BR FMR of $2,747/mo, which is $163 less than New York at $2,910/mo. However, when considering local incomes, New York has a rent burden of 35.9% vs 33.9% in Nassau-Suffolk.
A 2-bedroom in New York, NY costs $2,910/mo at Fair Market Rent, while in Nassau-Suffolk, NY it's $2,747/mo, a difference of $163/mo or $1,956/year.
To afford a 2BR without spending more than 30% of income on rent: New York requires $116,400/year ($56/hr). Nassau-Suffolk requires $109,880/year ($53/hr).
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