New York, NY vs Los Angeles, CA
Cost of living comparison · 2023 Census ACS data
Quick Summary
On the headline indicators, New York and Los Angeles are closely matched markets (homes within 15% of each other). Distinguishing the two usually requires looking past the cost averages — at the tax structure, commute patterns, and individual neighborhood differences.
Median Home Value
$751,700 ✓
$879,500
Zillow Home Value
$812,534
$941,985
Median Gross Rent
$1,779/mo ✓
$1,879/mo
Owner Occupied %
32.8%
36.3%
Price-to-Rent Ratio
35.2x
39.0x
Median Household Income
$79,713
$80,366 ✓
Per Capita Income
$50,776
$46,270
Unemployment Rate
7.7% ✓
7.9%
Poverty Rate
17.4%
16.6%
Avg Commute (min)
44.8 min
34.1 min
Drove Alone %
21.9%
61.4%
Public Transit %
45.5%
6.7%
Work From Home %
15.0%
17.3%
State Income Tax
10.9%
13.3%
Total Sales Tax
8.5% ✓
8.7%
Property Tax Rate
1.7%
0.7%
Bachelor's Degree %
23.6%
24.5%
Median Age
38
36.9
Avg High Temp
62.6°F
70.4°F
Annual Precipitation
49.5"
13.4"
Annual Snowfall
29.8"
—
New York, NY 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
Los Angeles, CA 1 wins
- ✓Median Household Income
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