New York, NY vs Phoenix, AZ
Cost of living comparison · 2023 Census ACS data
Quick Summary
New York is materially more expensive on housing — $752,000 for a typical home compared with $382,000 in Phoenix, a gap of roughly 49%. State income-tax burden also tilts toward Phoenix — a top rate of 2.5% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$381,900 ✓
Zillow Home Value
$812,534
$407,665
Median Gross Rent
$1,779/mo
$1,458/mo ✓
Owner Occupied %
32.8%
57.1%
Price-to-Rent Ratio
35.2x
21.8x
Median Household Income
$79,713 ✓
$77,041
Per Capita Income
$50,776
$40,309
Unemployment Rate
7.7%
5.1% ✓
Poverty Rate
17.4%
14.3%
Avg Commute (min)
44.8 min
27.8 min
Drove Alone %
21.9%
66.1%
Public Transit %
45.5%
2.0%
Work From Home %
15.0%
16.9%
State Income Tax
10.9%
2.5%
Total Sales Tax
8.5%
8.4% ✓
Property Tax Rate
1.7%
0.6%
Bachelor's Degree %
23.6%
19.9%
Median Age
38
34.8
Avg High Temp
62.6°F
—
Annual Precipitation
49.5"
8.5"
Annual Snowfall
29.8"
—
New York, NY 1 wins
- ✓Median Household Income
Phoenix, AZ 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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