New York and Los Angeles are both awesome cities to live and both of these cities hold their own fan number.
But which one is right for you? Cities don't get any bigger than New York, with a population of over 8 million, and Los Angeles, with close to 4 million inhabitants. There are lots of benefits to living in both cities.
But if you're looking to move to either for business purposes or to explore other creative opportunities, it could be helpful to see a breakdown of the cost of living in each city before you decide!
To put things in perspective, the average salary in New York is roughly 15% higher than that in LA, and can vary greatly depending on type of employment. So you need to factor that in when comparing the cost between average monthly rent, transit and food.
Starting with the essentials of food, LA has more reasonable prices than New York for often-purchased foods like eggs, meat, milk, fruit and bread, with prices in LA averaging nearly one-third less than in New York across the board.
The biggest difference comes when comparing the cost of rent, where an average one-bedroom apartment in New York is $2,800 per month, nearly double the average price of a one-bedroom apartment in LA, which is $1,500.