New York Dollar

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Dictionary Says

Definition of 'New York Dollar'

The buying power of a U.S. dollar in the city of New York. The New York dollar is calculated by subtracting the additional cost of living in New York, and then adding back the additional income residents tend to command as a result. Once calculated, the remaining amount is a rough estimate of what your dollar is worth in this very expensive city.
Investopedia Says

Investopedia explains 'New York Dollar'

Living in New York is much more expensive than most other places in America. A dollar earned and spent in this city does not go as far, and once this is taken into account, you are left with the New York dollar. For example if you take $1 and subtract the additional cost of housing (15 cents), taxes (5.2 cents), basic costs (4.1 cents) and lifestyle (13.3 cents), and then add additional wages paid (16 cents), you are left with the buying power of a dollar in New York: 100 - 15 - 5.2 - 4.1 - 13.3 + 16 = 78.4 cents.
Search results for

'New York Dollar'

  • 5 Ways To Get Top Dollar For Your Used Car - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/5-Ways-To-Get-Top-Dollar-For-Your-Used-Car.aspx
    ... 5 Ways To Get Top Dollar For Your Used Car. ... The New York Times reports that the value
    of used cars two to five years old has gone up as much as 20% in just one ...

  • Why did the New York Stock Exchange report prices in fractions ...

    http://www.investopedia.com/ask/answers/04/073004.asp
    ... When the New York Stock Exchange (NYSE) started out more than 200 years ago, it
    was ... trade began with this base-eight denomination, and 1/8 of a dollar, or 12.5 ...

  • 5 States Where You Can Stretch Your Dollar The Furthest ...

    http://financialedge.investopedia.com/financial-edge/0112/5-States-Where-You-Can-Stretch-Your-Dollar-The-Farthest.aspx
    ... It's well known that California, New York and Hawaii are pretty expensive places
    to live ... do you know which states will allow you to stretch your dollar the most ...

  • Play Foreign Currencies Against The US Dollar And Win

    http://www.investopedia.com/articles/forex/09/usd-decline-hedging.asp
    ... seven days a week and trades on the New York Board of Trade. There is also a plethora
    of mutual funds that track foreign bonds or short the dollar against the ...

  • An Introduction To Depositary Receipts

    http://www.investopedia.com/articles/03/091003.asp
    ... The Bank of New York then delivers the ADRs to the ... After the process whereby the
    new ADR of the Russian ... He or she will therefore compare the US dollar price of ...

  • In the forex market, how is the closing price of a currency pair ...

    http://www.investopedia.com/ask/answers/05/forexclosingprice.asp
    ... article might state how the US dollar closed down against the Canadian dollar during
    trading ... In North America, the main market is in New York, in Asia it is in ...

  • How To Set A Forex Trading Schedule

    http://www.investopedia.com/articles/forex/08/forex-trading-schedule-trading-times.asp
    ... 2005) by Kathy Lien, New York is the second largest forex platform in the world
    and is watched heavily by foreign investors because the US dollar is involved ...

  • Precious Metals Funds: A Golden Opportunity?

    http://www.investopedia.com/articles/mutualfund/09/precious-metals-funds.asp
    ... investments, according to advisers such as Charles Hughes, a Bayshore, New York,
    certified financial ... Gold is a bet against the dollar because it is a fiat ...

  • Tiger Trading: Long-Term Charts For Short-Term Currency Trades

    http://www.investopedia.com/articles/forex/11/long-term-currency-trading-strategy.asp
    ... There is no overnight, because as soon as New York closes, Australia opens ... and could
    raise interest rates, then we want to be long the euro against the dollar. ...

  • Trading The Soft Commodity Markets

    http://www.investopedia.com/articles/optioninvestor/07/soft_market.asp
    ... frequently will trade in sizes greater than a dollar, one dollar is the ... Delivery
    points include licensed warehouses in the Port of New York District, Delaware ...

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