Is New York, NY affordable on a $1,750,000 salary?
YES
On $1,750,000/yr, the typical $727,625 home in New York, NY needs $214,520/yr ($5,005/mo). Your gap: +$1,535,480 — housing would be 3.4% of your gross income.
The math
727,625 price − 10% down (72,763) = 654,862 loan
30-yr fixed at 6.47% on 654,862 = 4,126/mo principal+interest
+ 879/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
5,005/mo PITI ÷ 0.28 = 17,877/mo → 214,520/yr required
against Zillow ZHVI 2026-05 and the 6.47% FRED 30-yr rate (2026-06-18).
What salary WOULD clear New York, NY?
You need about $214,520/yr for the typical home. On $1,750,000 you already clear it by $1,535,480.