Cost of Living: Melrose, MA vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Melrose, MA versus $4,116/mo in New York, NY. In the model, rent is about 28.17% of gross in Melrose, MA versus 25.92% in New York, NY, so New York, NY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melrose, MA and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Melrose, MA
- Lower rent (median 1BR/2BR): New York, NY
- Lower home prices: New York, NY
- Higher median household income: Melrose, MA
Cost of Living Index
Melrose, MA: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Melrose, MA has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Melrose, MA: $1,837/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in Melrose, MA is $147/mo higher than in New York, NY.
Median Home Price
Melrose, MA: $796,100 · New York, NY: $751,700
Median home price in Melrose, MA is $44,400 higher than in New York, NY.
Median Household Income
Melrose, MA: $126,854 · New York, NY: $79,713
Melrose, MA has a higher median household income than New York, NY by $47,141.
Melrose, MA overview · New York, NY overview · Popular comparisons