To get around the city, a monthly public-transit ticket is $121, which is the fifth most expensive monthly transit ticket compared with 50 cities globally.
Then there's the issue of housing, which is by far the biggest contributor to New York's high cost of living. Housing is a whopping 369% higher than the national average in New York.
If you want to buy a home in the New York City metro area, a yearly salary of $101,997.84 could afford you the cost of the principal, interest, taxes, and insurance on a median-priced home, according to mortgage rate site HSH.
Of course, this is assuming you already have a 20% down payment of about $85,600 already saved. And your options for buying a home in the city for $428,000, the median home price in the greater metro area, will be a little slimmer.
On top of that, New York renters often have to cough up what's called a broker's fee, which usually amounts to about one month's rent of an apartment up front at lease signing.
New York's East Harlem neighborhood.
Seth Wenig/AP
To afford something roomier than a studio apartment, there's a good chance you'll need to find a roommate, like many New Yorkers do.
The actresses Jennifer Aniston and Courteney Cox, who played roommates in the TV show "Friends."
NBC/IMDb
In fact, a 2017 study that analyzed US Census data found that 40% of adult renters in New York City were living with a roommate.
The actors Matthew Perry and Matt LeBlanc, who played roommates in the TV show "Friends."
NBC/IMDb
But gym access, housekeeping, laundry facilities, grocery delivery, and access to social events are included in that price, as well as up-to-date appliances and furniture, which trims your cost-of-living elsewhere.
Overall, the micro-apartments at Carmel Place are newer than what you would normally find in the hunt for an apartment rental, micro or otherwise, in New York City.
But space is just something you have to sacrifice sometimes if you're going to live in New York. The YouTuber Chris Buell said he paid $2,600 a month for this 350-square-foot apartment in an undisclosed New York City neighborhood.
... but at least the apartment had full-length windows with sunlight streaming through, which can be a desirable feature in the New York City rental scene.
He was working as a software engineer making $150,000 a year in 2016, when he was living in this one-bedroom apartment in the East Village for $2,500 a month.
The average age of a residential building is 90 years old in New York City, so even with a $100,000 salary, there's a good chance you'll be renting an older apartment.
