The cost of the migrant crisis in New York is now $500 million and could reach $4 billion.

The Big Apple has spent half a billion dollars on the migrant crisis since July, almost a quarter of its total estimated cost, The Post has learned.

The city’s Office of Management and Budget said it had already spent $500 million “in asylum-seeker-related costs” between July 1, 2022 and January 31, 2023, according to an estimate provided by City Hall on Friday.

It’s also half the $1 billion that Mayor Eric Adams requested from President Joe Biden last year, thanks to an influx of more than 44,000 asylum seekers who have flooded into the Big Apple since spring.

But Adams recently revealed that the total financial hit will be $4.2 billion over the next two years and is expected to rise even more.

About 28,800 migrants live in 86 taxpayer-funded hotels and shelters, as well as six Humanitarian Emergency Response and Assistance Centers, including the cruise ship terminal in Brooklyn’s Red Hook.

So far in December, the Federal Emergency Management Agency has given the city $7.89 million.

The federal government also gave an additional $1 million to the city’s Department of Homeless Affairs, according to City Hall.

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