Comparing Big Apples to Oranges

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It doesn't make a lot of sense, comparing housing prices here to those of lower-cost-of-living cities. We fully recognize the worth of living in this city and wouldn't easily trade it. However, we do enjoy the guilty pleasure of looking at home prices elsewhere and the bang that can be bought for a New York buck. It never fails to amaze us. So, here we go after the jump...

Here is what $790,000 will buy in New York City (as of this recent "Just Sold"):

  • 1,000 square feet
  • two bedrooms
  • pre-war detailing
  • shared laundry in the building
  • one bathroom

Now, here is what $565,000 will buy in Pheonix:

  • 1,540 square feet
  • three bedrooms
  • mid-century modern design by Alfred Newman Beadle
  • two bathrooms

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Real Estate

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