New York City vs Los Angeles

Los Angeles is cheaper to live in overall. New York City has a cost of living index of 187 while Los Angeles has an index of 173, where 100 represents the US national average. Los Angeles is 7% cheaper than New York City overall.

The median 1-bedroom rent in New York City is $3,700 per month compared to $2,400 in Los Angeles. The median home price in New York City is $750,000 versus $880,000 in Los Angeles. Housing is typically the largest factor in cost of living differences between cities.

New York City has a cost of living index of 187 and Los Angeles has an index of 173, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in New York City, multiply by 0.93. For example a $75,000 salary in New York City is equivalent to approximately $69,385 in Los Angeles.

New York City has a median household income of $70,663 per year versus $71,358 in Los Angeles. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from New York City to Los Angeles is worthwhile depends on your salary, lifestyle, and priorities. Los Angeles is 7% cheaper overall — with the biggest difference in housing. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.