A detailed side-by-side comparison of the cost of living, housing prices, income levels, and overall affordability between Atlanta, GA and New York, NY.
GA
Population: 499,127
NY
Population: 8,258,035
National average = 100. Higher values indicate a more expensive area.
| Metric | Atlanta, GA | New York, NY | Difference |
|---|---|---|---|
| Cost of Living Index | 100 | 150 | -33.3% |
| Median Home Price | $350,000 | $680,000 | -48.5% |
| Property Tax Rate | 1.08% | 0.88% | +22.7% |
| Median Household Income | $65,345 | $74,694 | -12.5% |
| Population | 499,127 | 8,258,035 | -94.0% |
Atlanta, GA is 33.3% cheaper to live in than New York, NY, based on the overall cost of living index.
Home Price Difference
$330,000
Atlanta, GA is cheaper by 48.5%
Income Difference
$9,349
New York, NY earns more by 12.5%
Price-to-income ratio: median home price divided by median household income. A lower ratio indicates more affordable housing.
Atlanta, GA
5.4x
$350,000 / $65,345
New York, NY
9.1x
$680,000 / $74,694
Overall, Atlanta, GA is the more affordable city to live in. With a cost of living index of 100 compared to 150, a median home price of $350,000, and a price-to-income ratio of 5.4x, Atlanta, GA offers better value for residents looking to stretch their dollar further. However, the median household income in New York, NY ($74,694) is higher, which may offset some of the cost differences.