Cost of Living in Brooklyn, NY
Housing
The housing market plays a significant role in determining the cost of living in Brooklyn, NY.
- Housing Index: 130.0 / 100
- Median Home Price is: $767,000
- Average Rent (2 BR Apartment): $2295 per month
- Average Rent (2 BR House): $2494 per month
Considering a move to Brooklyn, NY? The housing index stands at 130.0, indicating that prices here are relatively high compared to the national average. The median home price is approximately 767000, which might require careful budgeting. If you're looking to rent, be prepared to spend about 2295 for a 2-bedroom apartment or 2494 for a 2-bedroom house. This market reflects a robust investment in quality living, but potential movers should weigh their options against other local amenities and job opportunities to ensure a harmonious fit.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Brooklyn, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $300 per month
Living in Brooklyn, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $300 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Brooklyn is a financially viable option for your relocation.