According to the 2024 Cost of Living Index, NYC is the world's third most expensive city. Visitors should budget around $687 per day on average.
Hotel costs vary by borough: mid‑range hotels in Manhattan average $250–$600 per night, Brooklyn hotels $150–$350 and Queens hotels $120–$280.
The sales tax on most goods and services is 8.875 percent, and clothing or footwear under $110 is tax‑exempt.