It's called the Empire State the reason. I don't know if you're aware of this but empires run on money.

New York is known for many things but being cheap isn't one of them. Cheap might not be the right word. I might need to replace it with affordable. There's a perection out there that New York is one of the most expensive states to live in but is it just a myth or is it true? Where there's smoke there's typically fire.

Are New York residents paying too much for things like taxes, dining out and even car insurance?

Clearly everyone's circumstances are different and prices on items and the cost of living will vary throughout the entire state but we decided to compile the statewide average prices.

According to feedback on our Facebook page, here are the top 5 things that most New York residents complain about spending too much money on. We broke the list down to see if we really are spending more than other states. Do you agree with the list? Let us know if there's an item that should be added.