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The cost of NYC compared to other cities

New York City is expensive, and we didn't need Forbes to tell us! But alas, they have. It turns out we share the honor of the #1 most "overpriced city" in America with Honolulu, HI. To take a closer look, we've broken down the costs of some basic living expenses, comparing what they cost in NYC with smaller cities like Portland, Ore. and Chattanooga, Tenn.

Starbucks coffee

Starbucks has thousands of stores across the country,
Photo Credit: Starbucks

Starbucks has thousands of stores across the country, and a representative tells us pricing is evaluated on a "market to market" basis. In Manhattan, a tall brewed coffee is $1.85 and a tall Caramel Macchiato is $3.95. In Portland, re., a tall brewed coffee is $1.75 and a tall Caramel Macchiato is $3.45 and in Chattanooga, a tall brewed coffee is $1.75 and a tall Caramel Macchiato is $3.55.

Internet

New Yorkers love to gripe about their escalating
Photo Credit: Flickr/Mr.TinDC

New Yorkers love to gripe about their escalating cable and Internet prices compared with what seems like increasingly poor service from the franchises that control the pipes. But a study by the New American Foundation found in 2013 that New York City was in the middle of the pack when it came to costs. For instance, a "triple-play package" — consisting of Internet, phone and cable television — ran between $69.99 and $74.97. A similar package could run a customer between $81.82 and $150.85 in Chattanooga, Tenn.

Gym memberships

A gym membership varies greatly -- there are
Photo Credit: iStock

A gym membership varies greatly -- there are luxury facilities like Equinox, for-family gyms like the YMCA and lots in the middle. In New York City, a monthly membership to Equinox can be as high as $195, but a 24-Hour Fitness membership runs from $34.99 - $49.99 per month. In Portland, Ore., a 24-Hour Fitness membership is $29.99 - $39.99 per month. In Chattanooga, a monthly membership at The Rush Fitness Complex is $29.99 - $39.99.

Gas

Gas prices vary across the country, but you
Photo Credit: Getty Images/Joe Raedle

Gas prices vary across the country, but you can be it's more expensive in New York City than in many other places. GasBuddy.com, which crowd sources prices reported by individual stations, shows regular gas at $3.74 a gallon as of March 3. That's a bit high compared to the U.S. average of $3.44. The price in Portland, Ore., was $3.4 per gallon; in Chattanooga it was $3.2 a gallon.

Movie tickets

Movie theater ticket prices vary from theater to
Photo Credit: Emilio Guerra

Movie theater ticket prices vary from theater to theater, but in New York City, they are generally higher and sometimes much higher. An adult ticket to a first-run movie at UA Midway Stadium 9 in Queens is $13.50. A ticket to the same film at the Regal Battery Park in TriBeCa is $14.50 and $16.50 at the AMC 84th St. In Chattanooga, Tenn., the price ranges from $9.50 - $12.50 and in Portland, Ore., it ranges from $9.50 - $11.

Tax burden

New Yorkers also face high tax burdens at
Photo Credit: Flickr/INeedCoffee.com

New Yorkers also face high tax burdens at the local levels. According to a December 2013 study of taxes and tax burdens by the District of Columbia, New York City ranked 15th out of 51 cities with a 13.9 % tax burden -- a measurement of the total calculated cost that taxpayers dole out for local and state taxes -- for a hypothetical family of three. Compare that to Portland, Ore., where the tax burden was 11.2 %; and Anchorage, Alaska, where it was 9.5%.

Apartment rentals

Of course, apartment rental prices are an enormous
Photo Credit: Getty Images/Spencer Platt

Of course, apartment rental prices are an enormous cost for New Yorkers. amNewYork reported in January that the monthly average price for apartments in Brooklyn and Manhattan reached record highs last year, with Brooklyn pads going for $2,562 and Manhattan apartments for $3,905. The median price in Memphis, Tenn., meanwhile, was $692 a month, according to one report.

Child care

Child care in New York state is the
Photo Credit: Fotolia

Child care in New York state is the second least affordable in the country, according to a 2013 report "Parents and the High Cost of Child Care," conducted by the organization Child Care Aware America. Oregon was the first, Minnesota the third and Mississippi and Louisiana the 49th and 50th. The report found that in New York, the cost of Care as a percentage of median income for a single mother family was 57.7%. For a married couple it was 16.5%.

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