Cost of Living: Anderson, IN vs New York, NY

Quick rent-and-take-home comparison

Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Anderson, IN versus $4,116/mo in New York, NY. In the model, rent is about 13.25% of gross in Anderson, IN versus 25.92% in New York, NY, so Anderson, IN tends to feel more affordable for rent.

Take-home in Anderson, IN
$4,332/mo
Income level: above
Take-home in New York, NY
$4,116/mo
Income level: below
Rent share (1BR) in Anderson, IN
13.25%
COLI tier: mid-range
Rent share (1BR) in New York, NY
25.92%
COLI tier: very high-cost

Compare cost of living, rent, housing prices, and salary affordability between Anderson, IN and New York, NY.

At a glance

  • Cheaper overall (lower cost-of-living index): Anderson, IN
  • Lower rent (median 1BR/2BR): Anderson, IN
  • Lower home prices: Anderson, IN
  • Higher median household income: New York, NY

Cost of Living Index

Anderson, IN: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)

Anderson, IN has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.

Median Rent

Anderson, IN: $864/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo

Median rent in New York, NY is $826/mo higher than in Anderson, IN.

Median Home Price

Anderson, IN: $104,300 · New York, NY: $751,700

Median home price in New York, NY is $647,400 higher than in Anderson, IN.

Median Household Income

Anderson, IN: $47,221 · New York, NY: $79,713

New York, NY has a higher median household income than Anderson, IN by $32,492.

Anderson, IN overview · New York, NY overview · Popular comparisons