Net Worth Percentile in New York City
Your national net worth ranking uses Federal Reserve SCF data and is the same wherever you live. But New York City’s cost of living is 87% above the national average (COL index: 187), which changes what your net worth actually buys.
Purchasing power in New York City
Based on BLS 2023 Consumer Expenditure Survey ($136,448/yr in New York City).
New York City — key figures
Calculate your net worth rank
Total assets (home equity, investments, retirement, savings) minus total debts (mortgage, loans, credit cards). Negative values are fine.
Frequently asked questions
What net worth puts you in the top 10% in New York City?
Nationally, the top 10% of Americans ages 45-54 have a net worth of roughly $1.7M or more. In New York City, where cost of living is 87% above the national average (COL index: 187), that $1.7M covers approximately 12.5 years of living expenses compared to 23.3 years at the national average.
How does New York City's cost of living affect my net worth ranking?
New York City has a cost of living index of 187 (US average = 100). Your national percentile ranking uses Federal Reserve SCF data and is the same regardless of where you live. But your purchasing power differs: $1M in New York City covers 7.3 years of average living expenses, versus 13.7 years at the national average.
What is the median household income in New York City?
The median household income in New York City is $70,660 per year. The national median household income is approximately $74,580 (Census ACS 2023).
What is the median home price in New York City?
The median home sale price in New York City metro area is approximately $780,000 (2024). For a household with $500K in net worth, that represents 64% of the median home price.