User: What is the cost of living in New York City?
Assistant: The cost of living in New York City varies depending on factors such as location and lifestyle. The median gross rent in New York City for 2018 was $1,357, according to the latest census data. The cost of basic consumer goods and services, including groceries, transportation, and utilities, is 23% higher than the national average. Housing in New York City is a major expense, with the median price of a home approximately $648,700 in 2020.