What Is the Cost of Living in Brooklyn, New York

What is the cost of living in Brooklyn

What is the cost of living in Brooklyn? Let’s see!

Brooklyn is one of the five boroughs in New York City. It is separated from Manhattan by the East River but connected to Manhattan by three bridges — one of which is the Brooklyn Bridge.

Brooklyn is iconically known as the erstwhile home of the Brooklyn Dodgers, now L.A Dodgers, it has about 30 miles of shoreline and is interestingly known for its art scene and hipster culture.

Brooklyn also boasts of the famous Brooklyn Botanical Garden which has over 1 million annual visitors.

Some of the most popular entertainers and sports stars like Eddie Murphy, Michael Jordan, Adam Sandler, and Jay Z are all from Brooklyn.

What Is the Cost of Living in Brooklyn

According to available data, the cost of living in Brooklyn, New York is 16% higher than the state average and about 76% higher than the national average.

Brooklyn housing is 225% more expensive than the national average, while utilities are about 4% higher.

The cost of needfuls like clothing, food, and groceries are around 22% more in Brooklyn than in any part of the country.

Healthcare services like a visit to the doctor or the dentist cost 5% more in Brooklyn compared to the national average while secondary expenses such as entertainment and grooming services are 22% pricier in Brooklyn.

Cost of Housing in Brooklyn

Of all the five boroughs in New York City, Brooklyn has the fastest average increase in home prices in the last ten years. In 2020, the average price of owning a home in Brooklyn stood at $730,000.

In neighboring Queens and Staten Island, it stood at $579,000 and $574,000 respectively, while The Bronx follows with $379,000.

These prices are higher than the national average of $245,000. Currently, the average cost of owning a home in Brooklyn stands at  $1,262,497.

The Average Monthly Rent at the time of writing this article is $3,124.

Cost of Utilities in Brooklyn

Whether you are a homeowner in Brooklyn or you are a tenant comes with utility expenses. You’ve got to pay your bills to keep the lights on.

These include basic services like energy and telecommunications.

In Brooklyn, the cost of energy is around $177.13 per month. Phone bills stand at around $191.53.

Cost of Food in Brooklyn

Food is a necessity and the cost of food cost varies across the country. This table highlights the cost of food in Brooklyn.

Bread$3.82
Steak$15.15
Bananas$0.82
Cooking$7.15
Milk (1 gallon)$2.79
Ground beef$4.78
Orange juice$4.09
Frozen meal$4.04
Eggs (dozen)$2.75
Potatoes$3.73
Coffee$4.70
Potato chips$3.42
Cheese$5.57
Lettuce$1.97
Sugar$3.77
Soft drink$2.10

Cost of Healthcare in Brooklyn

In Brooklyn, an optometry check-up could cost around $100.16, while a dentist appointment is may cost $116.47 on average.

Doctor $116.89
Ibuprofen$10.10
Dentist $116.47
Optometrist $100.16

Average Income in Brooklyn

The cost of living in Brooklyn takes the average household income into account, In Brooklyn, the average household income is about $62,952.

Conclusion

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