Cost of Living: Santa Monica, CA vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $3,974/mo in Santa Monica, CA versus $4,116/mo in New York, NY. In the model, rent is about 34.06% of gross in Santa Monica, CA versus 25.92% in New York, NY, so New York, NY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Santa Monica, CA and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Santa Monica, CA
- Lower rent (median 1BR/2BR): New York, NY
- Lower home prices: New York, NY
- Higher median household income: Santa Monica, CA
Cost of Living Index
Santa Monica, CA: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Santa Monica, CA has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Santa Monica, CA: $2,221/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in Santa Monica, CA is $531/mo higher than in New York, NY.
Median Home Price
Santa Monica, CA: $1,810,200 · New York, NY: $751,700
Median home price in Santa Monica, CA is $1,058,500 higher than in New York, NY.
Median Household Income
Santa Monica, CA: $109,739 · New York, NY: $79,713
Santa Monica, CA has a higher median household income than New York, NY by $30,026.
Santa Monica, CA overview · New York, NY overview · Popular comparisons