New York City, NY variant. This is a New York City, NY-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
New York City's gross rental yield - annual rent ÷ property price - is about 5.7%, based on $3,950/month rent on a $825,000 median home.
Rental yield in New York City
Gross yield = ($3,950 × 12) ÷ $825,000 = 5.7%. Net yield subtracts property tax (0.88%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. New York City's yield is attractive for cash-flow investors.
About New York City, NY
New York City levies its own local income tax on residents, layered on top of New York State income tax, so city dwellers face one of the heaviest combined tax burdens in the country.
New York City is among the most expensive housing markets in the United States, with high home prices and rents that vary dramatically across its five boroughs.
New York City's economy is anchored by finance, media, and professional services, and its high cost of living is driven largely by housing and dense urban demand.
Worked example: New York City yield
Annual rent $47,400 ÷ price $825,000 = 5.7% gross. After 0.88% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $825,000
- Median rent: $3,950/mo
- Median household income: $80,610
- Local sales tax: 8.875%
- City income tax: 3.876%
- Effective property tax rate: 0.88%
- Cost of living index: 187 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; New York City runs about 5.7%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.