A New Yorker would have to make $123,322 a year to have the same standard of living as someone making $50,000 in Houston.
Researchers said the combination of skyrocketing costs, stagnant wages and a deteriorating quality of life forced hundreds of thousands of New Yorkers to flee the city for cheaper areas during the boom years from 2002 to 2006. (Rankin Rodgers 2008)
The average monthly rent in New York is $2,801, 53% higher than San Francisco, the second most expensive city in the country.
New Yorkers paid about $34 a month for phone service in 2006. In San Francisco, similar service cost $17 a month. Home heating costs have jumped 125% in the past five years and are up 243% since 1998. Full-time day care costs can run up to $25,000 a year for one child, depending on the neighborhood, or about as much as some college tuitions. (Shorto 2005)
Meanwhile, wages in the city have remained mostly flat in all boroughs but Manhattan even during the boom years from 2003 to 2007.
Climate
Mass transit use in New York City is the highest in the United States, and gasoline consumption in the city is the same rate as the national average in the 1920s. New York City's high level of mass transit use saved 1.8 billion gallons of oil in 2006; New York saves half of all the oil saved by transit nationwide. The city's population density, low automobile use and high transit utility make it among the most energy efficient ...