Because the real estate market just isn't intimidating enough on its own, the personal finance site SmartAsset has broken down for Business Insider just how unaffordable New York City is. In all the ways. The cost of living, in fact, is double the national average. Here are the 10 specific (too-expensive) reasons they name, though there are no doubt more.
1) New York City's income taxes are among the highest in the country.
2) The average rent for a two-bedroom in Manhattan (by one measure) is "roughly equal to the entire monthly income of the typical U.S. worker."
3) Buying an apartment is also expensive.
4) If you drive, parking is expensive.
5) Gas is 5 to 10 percent higher than the national average.
6) If you take public transit, that's great, but an unlimited monthly Metrocard is 75 percent more expensive than the national average.
7) "Groceries in New York cost between 28% and 39% more than the national average."
8) Eating out? You guessed it, also more many percentage points more expensive than the national average.
9) Another necessity more expensive than the national average? Clothing.
10) As for entertainment, movie tickets are around $14 apiece, above the national average of $10.