[OC] Annual Cost to Live Alone in Manhattan, NYC (2024)



Graphic by me, this is the cost to live ALONE in Manhattan, New York according to MIT's living wage calculator. A few important notes…

  • In the real world, many people around/under this salary in Manhattan live with roommates (to save, spend more on "fun", and/or to handle other debts)

  • I find the grocery estimate ($560/mo) and transport estimate ($330/mo) to be high, especially considering Manhattan's excellent public transit. A transit card (subway+bus) is $132/mo. and would give back $200 towards savings, fun, or debt.

  • MIT's calculator did not accurately account for enough taxes (missing state/city?), so I used the smart asset tax calculator + MITs estimated expenses to create a solo "living wage". This is why the actual wage shown is higher than MIT's calculator.

MIT Living Wage Source

Smart Asset Income Tax Source

NYC Transit Card

Posted by TA-MajestyPalm

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