Is Murray Hill Expensive?

New York, United States

+12% vs New York avg

Living in Murray Hill, New York

Murray Hill is a moderately-priced area within New York, with a cost of living index of 112.0 — that is +12% compared to the New York average. It sits around the middle of the pack at #10 out of 30 neighborhoods. Estimated rent for a one-bedroom apartment here is around $3,920/month, compared to a range of $2,520 in The Bronx to $4,725 in SoHo / Tribeca.

Monthly Budget Breakdown

For a typical resident of Murray Hill, housing takes up roughly 50% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $156,800 before tax.

Typical Salaries in Murray Hill

Salaries in Murray Hill reflect the local cost of living. Based on the neighborhood COLI of 112.0:

After tax and deductions of 34.1% in United States, take-home pay for someone earning $156,800 would be roughly $103,331/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

112.0
COLI Index
1.12x
vs City Avg
$3,920
Est. 1BR Rent
#10
of 30 Areas
34.1%
Total Deductions

Tax & Deductions in Murray Hill

Estimated annual deductions on a $84,000 salary in Murray Hill, New York (local employee).

Income Tax
16%
Social Security + Medicare (FICA)
7.6%
State + City Income Tax (NY)
10.3%
Total Deductions: 34.1%
Est. Take-Home: $55,389/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Murray Hill would need to be elsewhere:

City Currency Equivalent
London GBP £72,289
Dubai AED AED 420,318

Other Neighborhoods in New York

Neighborhood COLI Multiplier vs Avg
SoHo / Tribeca 135.0 1.35x +35%
Manhattan (Upper East Side) 130.0 1.30x +30%
West Village 128.0 1.28x +28%
Manhattan (Midtown) 125.0 1.25x +25%
Greenwich Village 125.0 1.25x +25%

View all 30 neighborhoods in New York →

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New York City Comparisons

London vs New York New York vs San Francisco New York vs Los Angeles

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Murray Hill:

SoMa, San Francisco Hayes Valley, San Francisco Raffles Place, Singapore North Beach, San Francisco Nob Hill, San Francisco Potrero Hill, San Francisco

Frequently Asked Questions

Is Murray Hill expensive in New York?

Yes, Murray Hill is one of the more expensive neighborhoods in New York. It costs about +12% more than the city average, ranking #10 out of 30 neighborhoods.

How does Murray Hill compare to the New York average?

The cost of living in Murray Hill is above the New York average. With a multiplier of 1.12x, everyday expenses including rent, food, and transportation are +12% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.