USA, New York (Manhattan) NY

Country Full Name: United States of America.

Country Location: The United States of America (USA) is in North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico.

Country Climate: Mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest; low winter temperatures in the northwest are ameliorated occasionally in January and February by warm chinook winds from the eastern slopes of the Rocky Mountains.

Country Terrain: Vast central plain, mountains in west, hills and low mountains in east; rugged mountains and broad river valleys in Alaska; rugged, volcanic topography in Hawaii.

Country Major Languages: English.

Country Major Religions: Christianity.

Location Population: 1.6 Mil (2012 est.).

Country Economy: The economy of the United States is a capitalist mixed economy, fuelled by abundant natural resources, a well-developed infrastructure, and high productivity. The U.S. economy is the largest national economy in the world, with an estimated gross domestic product (GDP) equal to a quarter of nominal global GDP and a fifth of global GDP at purchasing power parity.

Country Currency: US Dollar (USD).

Country Inflation: 2.2% (2012 est.).

Manhattan is the oldest and the most densely populated of the five boroughs of New York City.

Manhattan is a major commercial, financial, and cultural centre of both the United States and the world and is home to Wall Street, the New York Stock Exchange and NASDAQ. Many major radio, television, and telecommunications companies in the United States are based in Manhattan, as well as many news, magazine, book, and other media publishers.

The cost of living in New York (Manhattan) NY is very high compared to other places. This is based on a comparison of locally collected prices for defined quantities of the same goods and services, converted to USD. Sources include local service providers in each location, international service providers, official governmental statistics and global agency data. The data is quality assured and manually checked by Xpatulator Analysts. The prices of similar related items have been grouped together into 13 basket groups and the cost of living index calculated for each basket in each location. The 13 basket groups are the result of extensive research of actual spending habits ensuring the cost of living indexes reflect a reality-based international expenditure pattern. The cost of living index for each basket for New York (Manhattan) NY is only available using our online calculators.

The current overall cost of living rank (using all 13 baskets) for New York (Manhattan) NY is 18 out of 780 international locations covering every country in the world (rank 1 is most expensive: rank 780 is least expensive). The current cost of living rank for each basket is as follows:

Alcohol & Tobacco costs are very high compared to other places for items such as beer, spirits, wine and cigarettes. There are 42 places that are more expensive, and 737 places that are less expensive for alcohol and or tobacco.

Clothing costs are very high compared to other places for items such as business, casual and children's clothing and footwear. There are 152 places that are more expensive, and 627 places that are less expensive for clothing.

Communication costs are high compared to other places for various communication costs such as home telephone rental, internet subscription, mobile tariff and data costs. There are 233 places that are more expensive, and 546 places that are less expensive for communication.

Education costs are very high compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 16 places that are more expensive, and 763 places that are less expensive for education.

Furniture & Appliance costs are very high compared to other places for items such as dining table and chairs, home entertainment, kitchen appliances, and sofa. There are 101 places that are more expensive, and 678 places that are less expensive for furniture and appliances.

Grocery costs are very high compared to other places for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. There are 59 places that are more expensive, and 720 places that are less expensive for groceries.

Healthcare costs are very high compared to other places for doctor visit, hospital stay, non-prescription medicine, and medical insurance. There are 15 places that are more expensive, and 764 places that are less expensive for healthcare.

Household Accommodation costs are very high compared to other places for items such as apartment purchase, mortgage rate, rental, and utilities. There are 10 places that are more expensive, and 769 places that are less expensive for household accommodation.

Miscellaneous costs are very high compared to other places for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. There are 91 places that are more expensive, and 688 places that are less expensive for miscellaneous items.

Personal Care costs are very high compared to other places for items such as cosmetics, hair care, and toiletries. There are 13 places that are more expensive, and 766 places that are less expensive for personal care.

Recreation and Culture costs are very high compared to other places for items such as books, cinema, sport and theatre tickets. There are 74 places that are more expensive, and 705 places that are less expensive for recreation and culture.

Restaurants, Meals Out and Hotel costs are very high compared to other places for items such as hotel daily room rates, meals and beverages in restaurants, and take away food and beverages. There are 19 places that are more expensive, and 760 places that are less expensive for restaurants, meals out and hotels.

Transport costs are very high compared to other places for items such as fuel (petrol/gasoline), public transport, vehicle purchase and maintenance. There are 128 places that are more expensive, and 651 places that are less expensive for transport.

Hardship
Hardship in the context of an expatriate and their family refers to the degree of hardship they are likely to experience and the relative impact on their lifestyle in a host location. The degree of hardship correlates to the degree of difference between the home and host location. Hardship pay is compensation for the hardship likely to be endured during an international assignment in order to encourage people to move, in particular to less desirable locations.

Hardship factors include-:
Economic Factors: Such as poverty levels and level of service provision
Political Factors: Such as freedom/tolerance towards different points of view / lifestyle
Religious Factors: Such as freedom/tolerance towards different religions
Public Service Factors: Such as provision of water, electricity, sanitation, work permits etc
Environment/Climate Factors: Such as extreme weather
Personal Safety Factors: Such as personal safety / level of crime
Health Factors: Such as prevalence of disease and health standards
Education Factors: Such as education standards, prevalence of international schools
Transportation Factors: Such as prevalence of public transport, fuel and road safety.

The ratings for hardship are classified into four main groups and can be described as follows:
1) Minimal Hardship (10% Hardship Premium)
2) Some Hardship (20% Hardship Premium)
3) High degree of Hardship (30% Hardship Premium)
4) Extreme Hardship (40% Hardship Premium).

New York (Manhattan) NY is ranked as minimal hardship with a typical hardship premium of 10%.

Reference
The above information is updated quarterly using data collected over the previous 12 months. The international cost of living & hardship indexes are only available using our online expatriate calculators to enable users to create personalized cost of living comparison reports:

Salary Purchasing Power Parity Calculator
Cost of Living Index Calculator
Cost of Living Allowance Calculator

Published by Xpatulator.com on 1 April 2013.

To link to this article: http://www.xpatulator.com/cost-of-living-review/USA-New-York-(Manhattan)-NY_863.cfm