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Wherever this money is going, it’s definitely not speeding up Second Avenue Subway construction.
At $2.75 per ride and $116.50 for a monthly unlimited, the cost of public transportation in New York City is a whopping 75 percent higher than the national average. It’s also significantly higher than other major metropolitan areas. In Chicago and LA, a monthly transit pass is only $100.
Owning a car in the city probably won’t end up saving you much money, either. The average cost of auto insurance in NYC is 2.7 times the New York State average. So… might want to consider that CitiBike membership?
This data is from a new report that’s being released today by StreetEasy which delves into the real cost of living in NYC, including what’s more expensive and what is, actually, cheaper here than in other parts of the country. Unsurprisingly, there are a lot more examples of the former.
Check out the full report with some more interesting takeaways below:
• A trip to the grocery store in NYC will cost you between 28 percent and 29 percent more than the national average.
• The average NYC family spends $16,250 a year for on infants for childcare.
• New York’s tax on cigarettes, at $5.85 a pack, is the second-highest in the country.