In the end, Los Angeles triumphs. Although they are both costly cities with a greater cost of living than most other areas in the United States, what you can get for your money on the West Coast is simply more than what you can get for your money on the East Coast.
New York City is seventh on the list of most expensive cities in the United States. Los Angeles is ranked 46th out of 50 cities. This is based on a sample of 499 cities and metros throughout the country. To summarize, living in Los Angeles is more cheap than living in New York City.
How much does it cost to live in New York City?
In order to keep the same level of living that you can have with 6,300.00 $ in Los Angeles, CA, you would need around 8,234.71$ in New York City (assuming you rent in both cities). This computation makes use of our Cost of Living Plus Rent Index to compare the cost of living in different cities and towns.
How much do people with a bachelor’s degree make in NYC vs La?
Payscale, a website that averages earnings for positions requiring bachelor’s degrees in both states, reveals a somewhat larger wage disparity between the two states. According to the website, the typical income for this employment group in Los Angeles is $62,823 and in New York City it is $69,668.