How much does an apartment cost in New York? According to appraiser Jonathan Miller and his Douglas Elliman market report, the average apartment in Manhattan in Q1 2020 was $1.89 million and the median sales price was $1.06 million. This includes both co ops and condos.

On average, you need $1,238 monthly to live comfortably in New York, excluding rent. It isn't surprising that rent makes up for the largest part of your monthly budget, followed by groceries and leisure. Depending on your lifestyle, your living expenses in New York will vary.

Tougher rent control, returning worldwide, destroys $75 billion in property value. Cash-strapped tenants cheer as they maintain a foothold in the city.