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· Absolute Shockers · ECONOMY

Manhattan: Housing Costs Are At 455.2 Percent of The National Average

Well all of us knew Manhattan housing is costlier than any other place in the US. Here is what we probably did not know: Groceries are at some 150 percent of the national average, and housing cost is at 455.2 percent of the national average. That is a huge, huge number - more than four times the national average for anything is an attention seeking number. And we spotted the following as well:

Category Manhattan Price as a Percentage of National Average

Composite 225.6%
Grocery 149.9%
Housing 455.2%
Utilities 129.0%
Transportation 123.5%
Health 129.4%
Miscellaneous 148.5%

Of course, the P&L would not be too bad: just look at the average salary in the securities industry

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