New York City and London, both considered great cities, have high living costs. NYC is more expensive due to housing, groceries, and entertainment costs.
Despite higher expenses, New Yorkers earn more, have lower taxes, and enjoy greater purchasing power.
New York City and London are globally renowned, but challenging places to live.
NYC ranked among the most expensive cities globally in 2022, tied with Singapore.
Housing costs in NYC are 47% higher than in London.
Grocery prices in NYC are 70% higher than in London, except for milk and cigarettes.
Entertainment and social activities are more expensive in NYC due to the spending culture.
New Yorkers earn more on average, resulting in higher local purchasing power.
Both cities offer good public transportation, but NYC's subway system is larger and cheaper.