Cost of Living: Parkville, MD vs New York, NY

Quick rent-and-take-home comparison

Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Parkville, MD versus $4,116/mo in New York, NY. In the model, rent is about 21.43% of gross in Parkville, MD versus 25.92% in New York, NY, so Parkville, MD tends to feel more affordable for rent.

Take-home in Parkville, MD
$4,224/mo
Income level: below
Take-home in New York, NY
$4,116/mo
Income level: below
Rent share (1BR) in Parkville, MD
21.43%
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 Parkville, MD and New York, NY.

At a glance

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

Cost of Living Index

Parkville, MD: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)

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

Median Rent

Parkville, MD: $1,398/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo

Median rent in New York, NY is $292/mo higher than in Parkville, MD.

Median Home Price

Parkville, MD: $251,100 · New York, NY: $751,700

Median home price in New York, NY is $500,600 higher than in Parkville, MD.

Median Household Income

Parkville, MD: $78,405 · New York, NY: $79,713

New York, NY has a higher median household income than Parkville, MD by $1,308.

Parkville, MD overview · New York, NY overview · Popular comparisons