10. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. I guess I kind of already live in Manhattan, since I live A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. Now, however, it’s the second most expensive place to live in the nation. Brooklyn was once an escape from Manhattan’s sky-high real estate prices. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. ... Brooklyn vs. Manhattan. Which's the better borough? Some neighborhoods like Brooklyn Heights and DUMBO are even more expensive than across the East River.Don’t despair, though. The cost of living in NYC is notoriously high — the average rent of a Manhattan apartment is $3,667. Our findings here show that the cost of homeownership in Brooklyn is the second-highest in the city, behind Manhattan. Manhattan vs. Brooklyn. Manhattan and Brooklyn remain the areas with highest cost of living in the country and Queens ranks fifth, as Greater New York continues to top the quarterly index. The Williamsburg boom has expanded northward to Greenpoint, where there is … Raising a kid anywhere is expensive, and raising one in New York City is only more so. Manhattan, no lie I’d rather live in Manhattan. That’s because all the aforementioned costs of living (clothing, food, housing) get doubled or tripled when you’ve got a kid, or two, or three. But with the price differences between the two boroughs shrinking, we asked 10 New Yorkers, if money were no object (or prices exactly the same), would you prefer to live in Brooklyn or Manhattan. At this point it's become trite to say that Brooklyn is the new Manhattan. Manhattan may have Manhattans and strip steaks, but Brooklyn’s got pickle-backs and world famous hotdogs. Cost of Childcare in New York City. There are still deals to be had. Remember when the Yeah Yeah Yeahs were still a struggling new act living in that loft in Bushwick? The findings, however, also indicate that on average, Brooklyn renters and buyers earn less than the New York City median income, despite facing higher respective housing costs — a fact that is often overlooked. Manhattan is where you watch twenty-somethings play soccer in the park; Brooklyn is where you watch 65-year-old men do battle on a softball field.