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Compare Cost of Living

Select two U.S. metro areas to compare their Regional Price Parity (RPP) indices for goods, services, and housing, plus salary equivalents.

New York vs Phoenix

Phoenix is 8.2% less expensive than New York. Based on BEA Regional Price Parities, national average = 100.

Metro A
New York-Newark-Jersey City, NY-NJ
112.6
Overall RPP
110.3
Goods
127.0
Services
148.6
Rents
Metro B
Phoenix-Mesa-Chandler, AZ
103.3
Overall RPP
95.0
Goods
93.3
Services
121.2
Rents

Category Breakdown

Category New York Phoenix Diff (B−A)
Overall Cost 112.6 103.3 -9.2
Goods 110.3 95.0 -15.2
Services 127.0 93.3 -33.7
Rents/Housing 148.6 121.2 -27.4

Visual Comparison

Overall Cost Lower than New York
New York
112.6
Phoenix
103.3
Goods Lower than New York
New York
110.3
Phoenix
95.0
Services Lower than New York
New York
127.0
Phoenix
93.3
Rents/Housing Lower than New York
New York
148.6
Phoenix
121.2

Vertical marker = national average (100)

Salary Equivalents

What you would need to earn in Phoenix to match your purchasing power in New York:

Salary in New York Equivalent in Phoenix Difference
$50,000 $45,893 $4,107
$75,000 $68,839 $6,161
$100,000 $91,785 $8,215
$150,000 $137,678 $12,322

Use the salary calculator for custom amounts and reverse direction.

Metro Context

Metric New York Phoenix
Population 19,756,722 4,941,206
Median Household Income $97,334 $84,703
Data Year 2024 2024
State NY AZ

Key Differences

Overall Cost: New York is 9.2 points cheaper than Phoenix (112.6 vs 103.3).

Goods: New York is 15.2 points cheaper than Phoenix (110.3 vs 95.0).

Services: New York is 33.7 points cheaper than Phoenix (127.0 vs 93.3).

Rents/Housing: New York is 27.4 points cheaper than Phoenix (148.6 vs 121.2).

⇆ Reverse comparison New York details → Phoenix details →

Also Compare New York With

vs Los Angeles-Long Beach-Anaheim vs Chicago-Naperville-Elgin vs Dallas-Fort Worth-Arlington vs Houston-Pasadena-The Woodlands vs Washington-Arlington-Alexandria vs Philadelphia-Camden-Wilmington

Frequently Asked Questions

Is Phoenix more expensive than New York? ▼
Phoenix is 8.2% less expensive than New York. The overall cost index is 103.3 vs 112.6 (national average = 100).
What salary in Phoenix is equivalent to $100K in New York? ▼
A $100,000 salary in New York has the same purchasing power as $91,785 in Phoenix, based on BEA Regional Price Parity data.
How do housing costs compare between New York and Phoenix? ▼
Housing/rents in New York are indexed at 148.6 while Phoenix is at 121.2 (national average = 100). New York has higher housing costs.
Which is larger - New York or Phoenix? ▼
New York is larger by population. New York has 19,756,722 residents vs 4,941,206 in Phoenix.

Explore More Data

Salary Calculator → Cost Rankings → All Metros → Rent Data → Salary Data → Relocation Guide →

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area Index where U.S. average = 100