New York, NY vs Phoenix, AZ
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Phoenix, AZ is cheaper — a 2-bedroom averages $1,950/mo versus $2,780/mo in New York, NY, 30% ($830/mo) less. Over a year that is $9,960 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $111,200/year in New York, NY versus $78,000/year in Phoenix, AZ — a $33,200 difference in required salary.
Home Prices
The median home costs $411,563 in Phoenix, AZ versus $817,745 in New York, NY — 99% higher. Buyers priced out of New York, NY may find Phoenix, AZ more attainable.
Select Cities (2/3)
New York, NY
Phoenix, AZ
| Metric | New York NY | Phoenix AZ |
|---|---|---|
| Studio Rent | $2,406 | $1,530✓ |
| 1BR Rent | $2,511 | $1,679✓ |
| 2BR Rent | $2,780 | $1,950✓ |
| 3BR Rent | $3,465 | $2,624✓ |
| 4BR Rent | $3,738 | $2,934✓ |
| Median Home Value | $817,745 | $411,563✓ |
| Price per sqft | — | — |
| Median Income | $97,334 | $84,703✓ |
| Income to Rent 2BR | $111,200/yr | $78,000/yr✓ |